To improve the user experience for customers in Europe, Alchemy Pay has recently integrated several European local payment channels, such as Bancontact in Belgium, iDeal in the Netherlands, and globally accessible payment channels like Skrill and Neteller, which have been included to enable crypto purchases via the Euro. Additionally, Alchemy Pay also supports the use of PLN for purchasing cryptocurrencies through the widely used Poland local e-wallet, BLIK.
This update aims to make the process of buying crypto more convenient and accessible to European users. By offering a broader selection of payment options, users can now choose the method that best suits their needs and availability. Additionally, the improved support through the integration of local payment channels results in higher success rates and reduced transaction fees, ultimately lowering the overall payment costs.
The EU’s vision of a unified digital market is steadily progressing, and within Europe, there are several local payment channels that cater to diverse needs. Neteller and Skrill, both based in the United Kingdom, stand as widely recognized global online payment providers, serving millions of account holders worldwide. In Belgium, Bancontact holds a significant position, enjoying widespread acceptance due to its partnerships with major banks, including KBC, Belfius Bank, and Fortis Bank. Meanwhile, the Netherlands boasts iDEAL, a homegrown payment method that allows customers to conduct online transactions using their bank credentials. In Poland, BLIK has emerged as the leading mobile payment method, seamlessly integrated into banking applications across all major Polish banks, gaining immense popularity and is the preferred online payment method in the region.
Founded in 2017 and headquartered in Singapore, Alchemy Pay has remained steadfast in its mission to offer crypto on and off-ramp solutions, positioning itself ahead of competitors, particularly in emerging markets. With a strong focus on these developing regions, Alchemy Pay has garnered substantial advantages, bolstering its presence in Latin America (Brazil, Mexico, Argentina, etc.) and Southeast Asia (Indonesia, Philippines, Thailand, Malaysia, etc.). Alchemy Pay has successfully acquired numerous compliance licenses in various countries and regions globally, such as the United States, Canada, Indonesia, Lithuania, etc. Notably, Alchemy Pay has gained recognition from major payment giants Visa and Mastercard and has officially been listed as an authorized payment service provider.
Now, Alchemy Pay is further expanding its payment network across Europe, extending its reach and scope beyond the emerging markets. With a vast network over 300 fiat payment channels spanning 173 countries, Alchemy Pay is fully devoted to simplifying the onboarding experience and pushing the widespread acceptance of cryptocurrencies, fostering greater connectivity between everyday people and the thriving crypto industry.
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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 the website https://alchemypay.org/contact
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