Our recent visit to Istanbul Blockchain Week took our fiat-crypto gateway payments to where they are most crucially needed. As Turkey struggles with record inflation, crypto is becoming more accessible via our on-ramp checkout that facilitates easy domestic bank transfers – a bridge to stablecoins that track the price of the US dollar.
IBW 2023 brought together thousands of local and international figures at the Hilton Istanbul Bomonti. It was interesting for its focus on region-specific topics, on Islamic finance and a Shariah-compliant Web3 economy. The rapid growth of crypto and Web3 in the United Arab Emirates and the interest in the Turkish market created perfect conditions for this year’s event.
As a global fiat-crypto payment gateway, Alchemy Pay has recently launched bank transfers from VakifBank and Ziraat Bank, which means much lower fees and higher success rates for fiat-to-crypto transactions. In Turkey, Alchemy Pay already supports Visa, Mastercard, Discover Card, Diners Club Card, Apple Pay, and Google Pay payments on our on-ramp service. Like in many regions of the world, Visa and Mastercard are not the only forms of payment.
With these new capabilities, Alchemy Pay brought a team to IBW2023, and we also went to find out how our efforts towards rebuilding after the earthquake in Turkey have had a positive impact.
Beyond local payment support in Turkey, Alchemy Pay’s has confirmed its credentials in the traditional payments space, Visa has listed Alchemy Pay as an official service provider within its Third Party Agent Program, while Mastercard authorised Alchemy Pay as one of its Site Data Protection (SDP) Compliant Service Providers. Our founding team’s experience in the traditional finance and fintech payments space has given an advantage where competitors have struggled.
Alchemy Pay has actively pursued and obtained multiple licences across various regions to enhance its business operations, including the United States, Canada, Indonesia, and Lithuania. Ongoing applications for licences such as the Authorised Payment Institution License (API) in the UK, Money Transmitter Licence (MTL) in the US, and licences like Money Service Operators (MSO) and Virtual Asset Service Providers (VASP) in Hong Kong are further demonstrating their dedication to regulatory compliance and their prowess within the crypto payment industry.
At IBW2023, Alchemy Pay’s spokesperson, Robert McCracken, took to the main stage alongside key members of Fireblocks, Toobit and GK8 to discuss new financial paradigms. “Revolutionising Crypto Finance: Ensuring Trust, Transparency and Liquidity” showed many ways in which crypto can improve the current legacy system.
With a new white label crypto card and on & off-ramp services available all around the globe, Alchemy Pay is providing Web3 platforms with key services to make their projects more accessible to both crypto natives and newcomers.
About Alchemy Pay
Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its On & Off Ramp solution, NFT Checkout, Crypto Card and Crypto Payments, Alchemy Pay supports payments in 173 countries. The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The NFT Checkout enables direct purchases of NFTs using fiat payment methods. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. ACH is the Alchemy Pay network token on Ethereum and BNB Chain.
Try Alchemy Pay On & Off Ramp
Try our On & Off Ramp to buy and sell crypto and local fiat currencies today
Enquiries for Plugin & API Integration
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
