Alchemy Pay Offers Crypto And NFT Payments With Visa And Mastercard

Alchemy Pay establishes partnership with digital payment platform WorldPay. (Photo; Doc. Cointelegraph)

Alchemy Pay (ACH), a crypto payment service provider, collaborates with digital asset payment platform WorldPay to increase its business offerings.

Through this partnership, Alchemy Pay will integrate Visa and Mastercard payment routes from WorldPay to its platform, allowing users to buy crypto and non-fungible tokens (NFTs) easily using credit and debit cards.

According to an announcement on December 19, this collaboration is part of Alchemy Pay's strategy to expand its payment channels and increase its business capabilities. Alchemy Pay, founded in 2017, is a Singapore-based payment company that connects cryptocurrencies with traditional fiat currencies globally.

Alchemy Pay currently supports payments in 173 countries around the world with more than 50 fiat currencies. The company also offers Crypto Card solutions that allow businesses and token issuers to provide users with branded virtual and physical cards for global expenses instantly.

In November, Alchemy Pay launched a quick payment solution for the UK euro and pound, which accelerates the crypto purchasing process. By integrating out the Visa and Mastercard payment lines from WorldPay, Alchemy Pay aims to improve user experience and offer a more lucrative cost structure.

According to senior executive at Alchemy, Robert McCracken, said that the partnership would position companies to facilitate unrestricted crypto transactions around the world.

"We are excited to work closely with WorldPay, a global leader in digital asset payment solutions. By leveraging the global reach of WorldPay, Alchemy Pay is now better in its position to help our business partners and users in non-stop crypto transactions around the world, providing improved payment experience and a more lucrative cost structure," McCracken said.

In addition to crypto payments, the WorldPay payment line will also support NFT checkouts from Alchemy Pay. This means that digital artwork in NFT will become more accessible to the wider audience through the Alchemy Pay platform. NFT is blockchain-based digital art that represents unique assets, such as art, music, or other collections.

WorldPay recognizes Alchemy Pay's mission to promote global adoption of digital assets by bridging the gap between Fiat and the Web3 economy. Web3 is a term that refers to the third generation of internet supported by blockchain and crypto technology.

The head of crypto and Web3 at WorldPay, Nabil Manji, believes that Alchemy's mission is in line with the company's goal to connect traditional financial ecosystems with the crypto economy. The company will act as Alchemy Pay's processing partner, providing its business offerings to ensure Alchemy achieves its business goals.

"As a global leader in providing payment solutions for the digital asset space, WorldPay is pleased to have been chosen by Alchemy Pay as its payment processing partner. We share the same vision as Alchemy Pay to enable the adoption of global digital assets by bridging the gap between Fiat and Web3 economies. We look forward to working with Alchemy Pay to provide easy, fast, and secure crypto and NFT payment solutions to users around the world," said Nabil Manji.