PRESS RELEASE. Alchemy Pay, a leading provider of fiat and crypto payments solutions, announced a new partnership with Trust Wallet, the leading self-custody and multi-chain wallet with over 70 million users, allowing users to easily buy and sell cryptocurrencies with multiple payments fiduciaries within Trust Wallet. directly.
The integration allows users to have more inbound and outbound solutions, accelerating web3 adoption and lowering the barrier to entry for retail users. Trust Wallet users can now easily convert between cryptocurrency and fiat using multiple local and international payment methods, with over 30 fiat currencies and 10 million cryptocurrencies on over 100 supported blockchains.
“Alchemy Pay is very proud to partner with Trust Wallet, a leading crypto wallet, to provide comprehensive inbound and outbound support to a global community of users. Our unwavering commitment is to facilitate a seamless, compliant and secure user onboarding process on both the fiat on-ramp and crypto off-ramp,” said Robert McCracken, Alchemy Pay Ecosystem Lead.
Nate Zou, Product Lead at Trust Wallet, stated: “We are excited to offer more fiat solutions to our users working with Alchemy Pay, making cryptocurrencies more accessible than ever. “This opens up new purchasing options for our global user base and introduces lower fees and more convenient payment methods, while maintaining full ownership of your assets.”
Alchemy Pay specializes in providing solutions that enable Web3 and cryptocurrency services to access fiat payment options, thereby improving their accessibility to a broader audience. Leveraging its extensive network of global remittance companies and acquirers, Alchemy Pay currently supports impressive coverage of over 300 fiat payment channels spanning 173 countries.
Alchemy Pay’s main focus and advantageous areas are in emerging markets such as Southeast Asia and Latin America. In particular, it has successfully integrated with widely used local e-wallets such as GCash (with 60 million users) and Maya (50 million users) in the Philippines, OVO (92 million users) and Dana (115 million users) in Indonesia, Touch ‘n Go in Malaysia (17.8 million users), Pix in Brazil (116 million users) and others.
In its quest to expand its service portfolio, improve transaction success rates, and optimize operational efficiency, Alchemy Pay is actively seeking licenses in several countries and regions, including the United States, Canada, Indonesia, and Lithuania. Over the past three months, Alchemy Pay has scored a series of victories by securing money transmission licenses in Arkansas and Iowa to demonstrate its capabilities. Additionally, it has future plans to achieve regulatory compliance in Hong Kong, the United Kingdom and the United States. Alchemy Pay is also currently the official payment services provider for Visa and Mastercard, ensuring secure and compliant processes for inbound and outbound transactions.
About Alquimia Pay
Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects cryptocurrencies with traditional fiat currencies for businesses, developers, and end users. With its On & Off-Ramp solution, NFT Checkout, Crypto Card and Crypto Payments, Alchemy Pay supports payments in 173 countries.
Rampa is a complete solution for buying and selling cryptocurrencies and fiat currency, easily integrated into platforms and dApps as per requirements. NFT Checkout allows direct NFT purchases using fiat payment methods. The Crypto Card solution enables businesses and token issuers to provide users with branded physical and virtual cards for instant global spending. ACH is the token of the Alchemy Pay network on the Ethereum blockchain.