Turkish users will be able to conveniently buy cryptocurrencies using bank transfers with the support of Alchemy Pay. By facilitating crypto on ramp through domestic bank transfers, the process of purchasing cryptocurrencies with the local fiat currency, Turkish lira (TRY), becomes seamless and cost-effective.
Alchemy Pay will provide comprehensive support for all major banks in Turkey, including Ziraat Bank, VakifBank and more. Users will have the flexibility to purchase cryptocurrencies through their preferred banks without frustrating and lengthy conversion procedures.
Turkey has emerged as a rapidly growing online market in Europe, where bank transfers have become a popular choice for local payments. Data released by the Interbank Card Center (BKM) reveals a substantial 103% growth in card payments during the first half of 2022 compared to the same period in 2021, with the total payment amount reaching $80 billion. With an active bank card count of 157.8 million, Turkey presents a market with immense potential. By expanding its presence in this thriving market, Alchemy Pay is serving a larger user base and bridging the gap between traditional and crypto economies worldwide.
At present, Alchemy Pay has significantly expanded its network, encompassing over 300 fiat payment channels across 173 countries. It extends its capabilities to include local mobile wallets and domestic bank transfer, offering users a broader range of payment options. Alchemy Pay demonstrates a strong emphasis on emerging markets and provides extensive coverage in regions including Europe, Northern and Latin America, and Southeast Asia. As a gateway provider, Alchemy Pay supports widely popular regional payment methods in emerging markets such as Pix, SPEI, GCash, Dana, OVO, and PayNow.
Try Now
Try our On & Off Ramp to buy and sell crypto and local fiat currencies today https://ramp.alchemypay.org/
On & Off Ramp Enquiries
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via email ramp@alchemypay.org or the website https://alchemypay.org/contact
Follow Alchemy Pay
