Alchemy Pay, a company specializing in payment solutions from fiat currencies to cryptocurrencies, announced is a new partnership with Trust Wallet, the leading self-custody wallet with more than 70 million users. This collaboration enables users to easily buy and sell cryptocurrency through various fiat payments within Trust Wallet.
The integration opens the door for users to multiple on- and off-ramps solutions, accelerating adoption web3 technology by reducing the entry barrier for retail customers. Trust Wallet users can now easily convert between cryptocurrencies and fiat using different international and local payment methods, with support for more than 30 fiat currencies and 10 million cryptocurrency on over 100 blockchain networks.
“Alchemy Pay is proud to announce our partnership with Trust Wallet, one of the leading cryptos wallets, in order to provide full support to on and off-ramp users worldwide. Our tireless commitment is to facilitate a smooth, compliant and secure user onboarding process at fiat on-ramp and crypto off-ramp”, said Robert McCracken, Head of Ecosystem at Alchemy Pay.
Trust Wallet Product Manager Nate Zou said: “We look forward to providing more fiat solutions to our users by collaborating with Alchemy Pay, making cryptocurrencies more accessible than ever. This opens up new purchasing options for our global customer base and presents below fees and more convenient payment methods with full ownership of their funds.”
Alchemy Pay specializes in providing solutions that enable access to options fiat-crypto payments for cryptocurrency and Web3 services, thus improving accessibility for a wider circle user. Leveraging its extensive network of global acquirers and transfer companies money, Alchemy Pay currently supports an impressive coverage of over 300 fiat paid channels spanning 173 countries.
Alchemy Pay’s primary focus and strengths are in emerging markets such as the Southeast Asia and Latin America. It is especially successfully integrated with the widely used local e- wallets like GCash (with 60 million users) and Maya (50 million users) on 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 to others.
In its ambition to expand its service portfolio, improve transaction success rates and optimization of operational efficiency, Alchemy Pay actively acquires licenses in different countries and regions, including the United States, Canada, Indonesia, and Lithuania. Over the past three months, Alchemy Pay has achieved a number of successes by securing licenses for money transfer in Arkansas and Iowa to confirm his ability. Besides, he plans achieve regulatory compliance in Hong Kong, Great Britain and the United States of America States. Currently, Alchemy Pay is also an official payment service provider for Visa and Mastercard, ensuring secure and compliant processes for both directions of transactions, as onramp so does offramp.