john tanThe CEO of Alchemy Pay explained the importance of the collaboration, “NIUM allows us to offer acceptance of cryptocurrencies and notes at more competitive rates and take advantage of lucrative new markets where we know there is serious demand. This is a huge step forward for us – our network now has greater global coverage.” She is more attractive than ever.”
Alchemy Pay’s flagship product is a crypto-hybrid payment system, which allows merchant partners to accept popular cryptocurrencies for offline and online payments at low cost and with a near-instant instant conversion into the merchant’s local fiat currency. The all-in-one system also allows merchants and businesses to accept cash payments via e-wallets and credit cards. The network is supported by the catalyst utility code, ACH, which runs on the Ethereum blockchain.
NIUM is one of the only true FinTech companies and will now put its massive network to work for Alchemy Pay so that the gateway solutions provider can improve speed, cost and coverage. NIUM has built one of the world’s most comprehensive networks of relationships, partners and licenses in the countries where Alchemy Pay can now conduct business. The partnership now provides Alchemy Pay with enhanced services that will increase the attractiveness of potential business partners. Since the NIUM announcement, the payment network is now supported for use in more than 70 countries – a number that has been steadily rising over the past year.
As a bridge between crypto and cash economies, Alchemy Pay ended 2021 on a strong note by integrating its paper-based payment channels with leading blockchain networks Polygon, Avalanche and NEAR meaning that users can now bypass many barriers to entry and access electronic crypto systems directly with standards Paper payments such as Visa, MasterCard and PayPal.
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Alchemy Pay is an integrated digital currency and cryptocurrency gateway solutions provider, providing seamless crypto and cash acceptance to network of merchants, developers, and financial institutions. The company is leading the adoption of blockchain technology by making crypto investment, commercial transactions and DeFi services more accessible to consumers and organizations in the cash economy. Today, Alchemy Pay supports more than 70 countries through 300 payment channels and has touch points with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay and more.
SOURCE Alchemy Pay