- Crypto-linked cards are accepted at millions of outlets in over 200 countries and territories
- This service is expected to be launched by the end of 2021
SINGAPORE, August 9, 2021 / PRNewswire / – Alchemy Pay, the pioneer of the world’s first crypto-fiat hybrid gateway solution that bridges the gap between the fiat and crypto economies, has announced that the company will launch crypto-linked virtual cards (“virtual cards” ) to accelerate the adoption of cryptocurrencies in the payments industry.
Virtual cards – which can be linked to digital wallets such as Google Pay and PayPal – support over 40 cryptocurrencies and will be accepted by millions of merchants on the Visa and Mastercard network, including e-commerce platforms. popular such as Amazon and eBay.
Development of Alchemy Pay’s virtual card services has since been completed and is currently in beta testing in several key markets. The company expects virtual card services to fully launch in late 2021 or early 2022.
Research shows that more US $ 1 billion the value of crypto card transactions has been processed and is expected to continue to grow rapidly in the near future. In an effort to further drive adoption rates, Alchemy Pay seeks to offer virtual card services as a full, white label service to crypto projects and companies as well as traditional institutions looking to integrate solutions related to the cryptography.
About Alchemy Pay
Alchemy Pay is the inventor of the world’s first hybrid fiat and digital currency gateway solution for businesses and investors. Alchemy Pay enables transparent acceptance of crypto and fiat for merchant networks, developers, and financial institutions, and drives adoption of blockchain technology by making crypto investing and DeFi services easily accessible to consumers and businesses. fiduciary economy institutions.
Today, Alchemy operates in 18 countries and regions and has touchpoints with over 2 million merchants through partnerships with industry giants such as Shopify, Arcadier, QFPay and more.
SOURCE Alchemy Pay
