Alchemy Pay has announced a strategic partnership with Worldpay, a move that will boost its payment capabilities and expand its transaction channels. This fiat-crypto payment gateway, based in Singapore and founded in 2017, aims to enhance efficiency and user experience in buying and selling cryptocurrencies through credit and debit cards.
The partnership will enable Alchemy Pay users to access Visa and Mastercard payment rails provided by Worldpay through Alchemy Pay’s On & Off-Ramp platform. Additionally, Worldpay’s payment channels will support Alchemy Pay’s NFT Checkout service, opening up the possibility for a wider audience to access NFTs.
Robert McCracken, Ecosystem Lead at Alchemy Pay, has praised this collaboration with Worldpay, emphasizing that it will position Alchemy Pay to improve widespread accessibility to cryptocurrencies and digital assets. McCracken highlights Worldpay’s global reach, noting that this established alliance will enable seamless cryptocurrency transactions worldwide, providing enhanced payment experiences and more favorable fee structures.
Alchemy and Worldpay Take Blockchain Transactions to the Next Level
Worldpay, acquired by global fintech leader FIS in 2019, is recognized as the top acquirer on Nasdaq in terms of market capitalization and the largest global acquirer based on general-purpose transaction volume. With over 130 million daily transactions on mobile, online, and in-store platforms, and operations in more than 146 countries with over one million merchants dealing in 135 currencies, Worldpay brings a robust infrastructure and experience to the agreement.
This collaboration will allow Alchemy Pay to expand its global presence by reducing barriers to buying and selling cryptocurrencies and accessing NFT services. The payments and cryptocurrency industry is evolving rapidly, and these strategic partnerships indicate the growing recognition and adoption of blockchain-based payment solutions in the traditional financial mainstream.
