Every great journey begins not with a step, but with a vision.
For us, that vision sparked to life eight years ago in 2017. On one side stood the familiar, established systems of traditional payments; on the other, the vibrant, revolutionary promise of cryptocurrency. Between them was a gap, and in that gap, we saw our purpose: to build a bridge.
Today, on our 8th anniversary, we want to share the story of that bridge, a story of perseverance, growth, and most importantly, of the community that helped us build it.
2017-2020: Foundational Building and Strategic Market Entry
In 2017, Alchemy Pay was founded on a principle of combining proven expertise with forward-thinking innovation. By acquiring an established payment firm, we integrated a team with a decade of experience in traditional finance to create a solution for the crypto future.
The result was the 2019 launch of the world’s first hybrid crypto-fiat payment system. This wasn’t merely a concept, it was a functional, scalable solution designed for real-world application. By partnering with existing e-commerce giants like Shopify and established payment terminal providers, we rapidly scaled our reach.
This approach allowed us to become accessible to over 2 million merchants across 70 countries by 2020, proving a substantial global demand for our foundational crypto payment solution.
2021-2022: Achieving Mainstream Validation with Major Exchanges Listing and Flagship Product
With a proven product and an established merchant network, our focus shifted to securing mainstream market validation and scaling our core infrastructure.
The 2021 listing on Coinbase was a pivotal moment, serving as a powerful signal of our project’s legitimacy and technical soundness. The market’s response was immediate, with $ACH achieving a 150x increase and $400 million in daily volume shortly after its debut. This was followed by a listing on Binance in 2022, further cementing our position within the industry’s premier tier and providing deep liquidity for our token.
Simultaneously in 2022 Q2, we launched our flagship On & Off Ramp solution. This product was created to be the critical middle infrastructure for the entire Web3 ecosystem. By offering a simple plug-in or API, we empowered dApp developers, exchanges, NFT marketplaces, and crypto wallets to onboard users directly from the fiat world, removing a major barrier to entry for mainstream adoption.
2023-2024: Building a Truly Global, Compliant Payment Network
With the on and off ramp product, we embarked on a multi-year strategic initiative to build a fortress of global compliance and enhance our global coverage. This was a deliberate move to differentiate Alchemy Pay as a trusted, long-term player.
Our compliance journey began with securing foundational licenses in key markets, including a Cryptocurrency Exchange & Wallet License in Lithuania and a Money Services Business (MSB) license in Canada. We then focused on the United States, systematically acquiring Money Transmitter Licenses (MTLs) now in 10 states, which are essential for legally operating payment services.
To further solidify our position, we achieved the status of an official Visa Third-Party Service Provider and Mastercard SDP Compliant Registered Service Provider, a designation that confirms our adherence to the high security and operational standards of a global payment leader.
In the United Kingdom, we secured an API License, enabling direct integration with the country’s banking infrastructure for more efficient payment processing. The integration of universally adopted payment methods like Apple Pay and Google Pay ensured that our compliant network was also highly accessible and user-friendly for a global audience. During this period, Alchemy Pay already covered 173 countries with 50+ fiat currencies supported.
2025 and beyond: Demonstrating Exponential Growth and a Pioneering New Frontiers in Financial Infrastructure
Our sustained investment in technology, partnerships, and compliance has translated directly into exponential growth. By 2024, our user base tripled to 3 million users, and our network now processes over 8 million transactions. Today, Alchemy Pay serves 4.2 million users and has facilitated 10 million transactions—a clear reflection of the trust and utility we’ve built over the years.
This exponential growth, however, is not a final destination but the foundation for our next strategic evolution: moving from a premier payment gateway to an architect of foundational financial infrastructure.
Leveraging our core competency in seamless fiat-to-crypto conversions, we have expanded into the rapidly growing tokenization space by launching a groundbreaking RWA investment platform, bringing unprecedented accessibility and transparency to traditional investing. To address the frictions in cross-border transactions, we are engineering Alchemy Chain, a stablecoin-specialized blockchain designed to be the definitive settlement layer for the next era of global payments.
While we innovate, our commitment to regulatory integrity remains unwavering. Our regulatory roadmap includes securing registrations in Australia (Digital Currency Exchange Providers), South Korea (Electronic Financial Business registration), Switzerland (VQF SRO), and Hong Kong (SFC Type 1,4,9 Licensing) alongside preparations for the landmark MiCA regulations in Europe. This comprehensive compliance strategy is designed to ensure Alchemy Pay remains a trusted and reliable partner in every major financial market.
An Infinite Horizon
For eight years, Alchemy Pay has been building, not just products, but the trust, infrastructure, and global regulatory standing necessary to lead the next generation of finance.
In an industry defined by rapid change, eight years represents a significant period of sustained innovation, strategic development, and proven resilience. This milestone is not merely a marker of time but a reflection of a meticulously executed long-term vision: to construct the essential infrastructure that seamlessly bridges the traditional fiat economy with the crypto ecosystem.
We thank our partners and community for their continued trust as we advance our mission to power a truly global and interconnected economy. Here’s to another infinite year ahead!
About Alchemy Pay
Founded 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, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat 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 RWA platform allows global users to invest in tokenized real-world assets using local fiat currencies, lowering entry barriers and democratizing access to traditional financial instruments. 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.
