As 2024 draws to a close, it’s time to look back on a year that redefined expectations for the crypto space. From the greenlight of Bitcoin and Ethereum ETFs to the pro-crypto momentum seen in key elections, this year has been filled with game-changing events that reignited the market. With the Bitcoin halving and Ethereum’s Decentralized Upgrade making headlines, the stage was set for crypto to build momentum like never before.
At Alchemy Pay, we’ve been proud to be part of this wave of growth and innovation. Whether it’s through new integrations, compliance milestones, or our ongoing efforts to bridge the gap between traditional finance and crypto, 2024 has been a year of bold strides. Let’s take a moment to celebrate the highlights and reflect on how far we’ve come!
300% Sharp Growth on the Ramp: Expanding Access and Reach
2024 has been a monumental year for Alchemy Pay as we continue to break barriers in crypto payments. Our On & Off-ramp services reached new heights, solving major pain points in the crypto payment process.
This year, we’re thrilled to announce that we’ve reached 3 million users and completed 8 million transactions — a 300% growth from last year. It’s been a wild ride, and we’re just getting started!
But we didn’t stop there. To make things even better, we expanded our fiat payment options and added over 200 new channels, particularly in Europe and Africa. This means it’s now easier than ever for people from all over the world to join the crypto space. We’re committed to continuing to make crypto more accessible for everyone, no matter where you’re from.
Compliance Achievements & Trust Efforts: Building Confidence Worldwide
This year, we also focused on building trust and ensuring that Alchemy Pay remains a safe and reliable platform for everyone. We’ve secured 7 new licenses, bringing our total to 12 licenses across multiple regions — including Money Transmitter Licenses across several U.S. states (New Hampshire, New Mexico, Minnesota, Oklahoma, Oregon, and Wyoming), and expanded our regulatory footprint in the UK with new licenses for Authorized Payment Institutions. These new licenses are a big step forward in ensuring that we can serve our global community with the highest standards of compliance.
We’re also excited about our partnership with Worldpay and another recognition from Visa, which further strengthens our credibility in the crypto space. Getting registered as a ramp provider under Visa’s new Ramp Provider Program is a huge accomplishment for us. And with Mastercard’s support, we’ve been able to enhance our security measures, ensuring a smoother and safer experience for all of you. We’re always looking for ways to improve, and these partnerships are just the beginning.
Major Product Updates and Alchemy Chain Launch Plan: Innovating for the Future
We’ve been busy behind the scenes developing new products and features to make your crypto experience even better. One of the highlights of the year is the launch of our Web3 Digital Bank. Designed with Web3 businesses in mind, this new solution makes it easier for global Web3 enterprises to manage their finances and switch between fiat and crypto seamlessly.
What we’re most excited about is Alchemy Pay’s bold step into the future with the upcoming launch of Alchemy Chain. Our Layer 1 blockchain is designed to create a seamless experience where fiat and crypto can coexist without friction. With features like $ACH as the utility token for paying gas fees, users will have more flexibility than ever. Plus, we’re introducing a stablecoin revenue mechanism that allows you to earn yield effortlessly. The technical roadmap for this groundbreaking initiative will be unveiled in April 2025, and we can’t wait to share more details with the world.
Partnering with the Best: 1000+ Collaborations in Our Ecosystem
2024 was a year of building and expanding relationships, and we’re proud of the amazing partners we’ve collaborated with. Alchemy Pay’s global reach continues to expand, with over 1000 trusted business collaborations this year.
From blockchain ecosystems, stablecoins and wallets like Tether, TON, BNB Chain, Coinbase Wallet, Algorand, Linea, Metis, and Celo, etc., to new DeFi partnerships with Lido and Uniswap, we’ve been able to work with some of the most exciting names in crypto to help onboard even more users to the space and the onchain world.
And let’s not forget the meme coin craze! We embraced the fun side of crypto this year by integrating with tokens like $DOGS, $WIF, $FLOKI, $NEIRO, and $FOXY, etc., making crypto a bit more playful and accessible for everyone. We’re all about making crypto a space that’s inclusive and enjoyable, and these collaborations reflect that spirit.
Building Bonds Across 200+ Events
We’ve kept busy connecting with you through over 100 online events and participating in 50+ offline events across Asia, Europe, North America, and Oceania. Token2049 Dubai & Singapore, Web3 Festival Hong Kong, Consensus Austin, WebX Tokyo, ETHCC Brussels, Binance Blockchain Week Dubai, Australian Crypto Convention, and more, these in-person interactions have allowed us to meet with industry leaders and hear directly from our community. We’re always eager to learn from you and make sure we’re building a platform that truly serves your needs.
1 Million Strong Community
Reaching 1 million community members is a truly incredible milestone for us. We wouldn’t be here without each and every one of you — your support, feedback, and enthusiasm have been the driving force behind our journey. Thanks to your unwavering support, over the yaer 2024, the Alchemy Pay tag has been mentioned over 850k times, generating over 970k engagements and reaching a staggering 5.8B+ estimated views. We’re incredibly grateful for this amazing community and the connections we’ve forged together. Thank you from the bottom of our hearts!
Let’s Make 2025 Even Bigger
As we close the chapter on 2024, we’re filled with gratitude for all that we’ve achieved together with you — our incredible partners, community, and supporters. Looking ahead to 2025, we’re excited to continue building on this momentum, exploring new opportunities, and driving the evolution of crypto payments. With Alchemy Pay’s commitment to creating seamless, secure, and inclusive payment solutions, we believe that the best is yet to come.
Here’s to a year of growth, innovation, and endless possibilities. Let’s continue shaping the future together!
Happy New Year, and let’s make 2025 even bigger!
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 offerings including On & Off-Ramp, Web3 Digital Bank and NFT Checkout, 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. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. Additionally, the NFT Checkout enables direct purchases of NFTs using fiat payment methods. ACH is the Alchemy Pay network token on the Ethereum blockchain.
