Singaporean fintech firm Alchemy Pay has announced a partnership with UK-based payment processor Worldpay. This collaboration will allow Alchemy Pay users to access Worldpay’s Visa and Mastercard payment rails for purchasing cryptocurrencies using their credit and debit cards.
Alchemy Pay aims to facilitate seamless cryptocurrency transactions worldwide, and this partnership with Worldpay will enhance their ability to assist business partners and users in this regard. Worldpay, on the other hand, sees Alchemy Pay’s mission of promoting global adoption of digital assets as aligned with their own role in bridging the gap between traditional and digital finance.
Founded in 2018, Alchemy is a fiat-to-crypto onboard processor that supports over 50 fiat currencies through various mobile wallets and payment platforms like Google Pay and Apple Pay. They recently introduced fast payment solutions for the euro and the British pound, enabling quick processing of crypto purchases.
In addition to this partnership, Alchemy Pay has been expanding its regulatory reach. They acquired a money service license in the US state of Iowa and previously obtained a license in Arkansas. These licenses further strengthen their position in the cryptocurrency market.
Worldpay has also been actively integrating with Web3 technologies. They partnered with Okcoin to provide infrastructure for fiat-to-crypto onboarding and collaborated with Checkout.com and Fireblocks to launch a new payment engine for merchants.
This partnership between Alchemy Pay and Worldpay signifies the growing importance of cryptocurrencies and their integration into mainstream financial systems. It highlights the efforts of fintech companies to bridge the gap between traditional and digital finance, ultimately promoting the global adoption of digital assets.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇸🇬 🇬🇧 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Nabil Manji, Robert McCracken |
| Companies | Google Pay, Worldpay, Fidelity National Information Services (FIS), Alchemy Pay, Apple Pay |
| Currencies | British Pound, Euro |
| Securities | None |
