Alchemy Pay, renowned for bridging the gap between fiat and cryptocurrencies, has recently unveiled significant enhancements to its payment processing services. This strategic update is designed to streamline the transaction experience for both merchants and consumers by facilitating easier and more efficient crypto transactions.
As part of this upgrade, Alchemy Pay has introduced capabilities allowing users to directly link their cryptocurrency exchange and brokerage accounts—such as Coinbase, Kraken, and Robinhood—to their payment interface. This integration supports seamless transfers, enabling users to utilize their crypto holdings for everyday transactions with minimal effort.
🚀#AlchemyPay now supports users connecting their exchange and brokerage accounts such as Coinbase, Kraken, and Robinhood to pay for orders using their crypto balances. This also enables merchants to accept crypto payments through these methods.https://t.co/HYzhTnE7bM$ACH pic.twitter.com/1dq003F3Kl
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 15, 2024
Expanding Merchant and Exchange Support
The enhancements include broadened compatibility with major exchanges like Kraken, KuCoin, Paxos, OKX, Bybit, Coinbase, Coinbase Prime, Robinhood, Binance, BinanceUS, and Huobi. Alchemy Pay supports a diverse range of cryptocurrencies including Bitcoin, Ethereum, USDT, and USDC, thereby offering extensive flexibility in payment options.
This versatility is crucial for merchants integrated with Alchemy Pay’s system, allowing them to accept cryptocurrency payments without the typical drawbacks such as high transaction fees or chargebacks. This move not only caters to the existing crypto-savvy customer base but also attracts new segments eager to engage with cryptocurrencies in a retail environment.
Furthermore, the updated system simplifies the process whereby after making a purchase, customers can pay by transferring cryptocurrency to an address provided by Alchemy Pay. This method underscores Alchemy Pay’s commitment to enhancing the customer payment journey and merchant service offerings. The company’s continuous improvements in this area are a testament to its dedicated approach to refining user experience and broadening the acceptance of digital currencies in mainstream commerce.
Since its inception, Alchemy Pay has been at the forefront of the crypto payment industry, fostering partnerships with leading blockchain networks such as Polygon, Arbitrum, TON, and ICP. The platform’s robust infrastructure supports a global reach, facilitating operations in 173 countries and accommodating over 50 fiat currencies. With more than 300 fiat payment channels, Alchemy Pay ensures that crypto services and decentralized applications can efficiently onboard users using popular local and international payment methods.