A recent development has occurred in the crypto world as Alchemy Pay, a leading payments provider, has partnered with Bitget, a major crypto exchange and Web3 company. As a result, the process of buying cryptocurrencies in India has been simplified, reflecting the innovative spirit of Alchemy Pay and Bitget’s efforts to extend its services to the broader world.
🔥#AlchemyPay has joined forces with @bitgetglobal to enhance services for Indian users seeking seamless crypto purchase using local fiat currency Indian Rupee (INR), further enhancing accessibility for local users.
👉https://t.co/On4B0SuPmE$ACH pic.twitter.com/YLj3MRr4ey
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 8, 2024
Alchemy Pay and Bitget Partnership Simplifies Cryptocurrency Transactions for Indian Users
Through this collaboration, Alchemy Pay’s On-Ramp feature has been incorporated into Bitget’s platform, allowing users in India to convert Indian Rupees into cryptocurrencies such as $USDT, $BTC, $ETH, and $TRX. The feature is a game-changer since it makes using cryptocurrencies more convenient and easy to use fiat-to-crypto.
Bitget has built a user base of more than 25 million users in over 100 countries where it operates as a leading provider of intelligent trading tools and unique services such as copy trading. The platform’s expansion to India would enable the coping of increasing interest in crypto-payment solutions, while the incorporation of Alchemy Pay’s expertise would make the platform more accessible to local users.
Alchemy Pay, which is a company headquartered in Singapore, is a supplier of crypto on and off-ramp solutions. The company has been particularly active in the rising markets of Southeast Asia and Latin America.
Alchemy Pay Expands Compliance Reach to Boost Crypto Accessibility in India
To facilitate the onboarding of new users, Alchemy Pay ensures it has acquired compliance licenses in many nations, including the UK, US, Canada, and Indonesia. This underscores the organization’s commitment to compliance and aggressive expansion into international markets. This partnership marks a major stride in the direction of enhanced accessibility to crypto in India.
This partnership envisions acquisition of more Indian users to purchase cryptocurrencies using the INR. Coupled with the vision of international expansion and compliance commitment students, the partnership could help craft a bright future for crypto finance in India and beyond.
Alchemy Pay and Bitget partnership can, therefore, be summed up as a blend of creativity and accessibility. As the two increase their exposure and test the limitations of decentralized finance, Indian users are approaching a future where purchasing cryptocurrencies is as simple as making a payment.