Cryptocurrency payment platform Alchemy Pay is significantly broadening its payment avenues by integrating fresh on-ramps, providing new pathways to purchase cryptocurrencies throughout Europe and the UK.
On November 29, Alchemy Pay unveiled its latest deposit options: Euro Instant Solution, Single Euro Payments Area (SEPA) Instant, and the UK's Faster Payments. These new modes of payment seek to streamline the process of acquiring cryptocurrencies like Bitcoin, promising swift transfers completed within mere "seconds to minutes."
For European users of Alchemy Pay, the SEPA Instant option allows the purchase of cryptocurrencies up to €5,000 ($5,460), while Faster Payments in the UK has a transfer limit of up to £5,000 ($6,320). However, access to these two new channels will be contingent upon users completing a Know Your Customer (KYC) verification process, opening up availability in 30 European nations and the UK.
SEPA Instant Payments within Europe and Faster Payments in the UK now join a roster of supported local payment avenues, including the Polish Blik payment system, Bancontact, Skrill, and more. This strategic expansion aims to amplify Alchemy Pay’s payment network across Europe, transcending from emerging markets and broadening its outreach.
According to the announcement, Alchemy Pay presently supports 300 legal currency payment channels spanning 173 countries, predominantly in Southeast Asia. The platform is actively scaling its payment services worldwide, recently securing new licenses in various US states like Iowa and Arkansas.
In addition to the US, Alchemy Pay has obtained licenses in operating markets such as Indonesia, Lithuania, and others in February 2023, further solidifying its global presence.
