We are thrilled to announce that Alchemy Pay’s token, $ACH, has been integrated into Binance Pay as a payment method. Now users can pay with $ACH across different spending scenarios on any Binance Pay merchant both online and offline. This integration significantly expands the range of use cases for $ACH, allowing users to use their $ACH holding for everyday shopping, cover multiple user needs from food groceries to ride-hailing, fashion and beauty to travel services, digital card top-up to crypto transfers.
Crypto Gains Ground in Real-life Shopping
As the crypto ecosystem continues to evolve and an increasing number of services emerge, users now view crypto not only as an investment for earning income but also seek to expand its real-life utility. Crypto is expanding into more consumer scenarios, both online and offline, to drive widespread adoption. According to Binance Pay, it has processed over $120 billion in total transactions in 2021, reflecting an annual growth rate of 71% and a 70% increase in active users in 2023.
This indicates growing user confidence in spending cryptocurrencies, and highlights the increasing acceptance of crypto payments by online and offline merchants, presenting new opportunities for crypto usage.
Unlocking Spending Scenarios with $ACH
With $ACH now integrated into Binance Pay, users can seamlessly use $ACH across various scenarios supported by Binance Pay’s strategic merchants. From ride-hailing and e-commerce to food retail, lifestyle, gaming, travel, insurance, and NFT projects, the possibilities are vast. Here are some use cases:
- Fashion and beauty retail: Treat yourself to the latest trends from FARFETCH’s global fashion hub. Through Binance Pay, users can pay with $ACH when checkout to purchase over 750 boutiques and brands worldwide.
- Web3 gaming and e-sports: $ACH also can level up your gaming experience! On the GAIMIN platform, users can grab their favorite game items and coins, then breeze through checkout with Binance Pay and $ACH.
- Get travel products and services: Despegar, a seasoned travel agency in Latin America, offers a comprehensive travel product marketplace. From booking accommodations to purchasing tour tickets and city guides, users can enjoy seamless travel experiences with $ACH. Ready for your next adventure?Benefit from the platform’s services and explore the world hassle-free!
- Gas station refills: Looking for offline options? Here it is. In Bahrain, you can conveniently refill your gas tank at local gas stations and choose $ACH as your preferred payment method through Binance Pay. Enjoy seamless transactions and convenience on the go!
- Ride-hailing service: Yummy is the largest ride-hailing app in Venezuela. Given the daily necessity of taking rides, users can top-up their account balance with $ACH. This balance, fueled by crypto, can then be used for seamless daily riding.
- Real estate purchasing: Yes, you heard it right! You can use $ACH to purchase real estate. On SpainHomes, an online real estate platform based in Spain, users can acquire properties of interest seamlessly through Binance Pay and $ACH.
But $ACH got you covered more than that! Discover more merchants and scenarios on Binance Pay with $ACH.
Earn Extra $ACH Reward When Spending Via Binance Pay
From March 11th to March 31st, Alchemy Pay is launching a promotional campaign with Binance Pay centered around $ACH. Users are encouraged to make daily purchases using $ACH. A total of $19,000 worth of $ACH rewards will be distributed throughout the campaign.
Simply make a purchase of at least $10 equivalent in any cryptocurrency (including $ACH) at any Binance Pay merchant through Binance Pay during the campaign period to qualify for a 70 $ACH token voucher. Moreover, the top 20 users with the highest total purchasing volume using $ACH and Binance Pay will receive additional $ACH rewards based on the amount spent, with the top user receiving an extra 5,000 $ACH reward.
For further information, please refer to this article for more details.
Alchemy Pay’s Suite of Products to Support Daily Payment Needs
Alongside the recent introduction of $ACH on Binance Pay, Alchemy Pay is dedicated to offering a variety of payment solutions to meet the requirements of both users and businesses, facilitating the seamless integration of fiat and cryptocurrency.
Beyond using $ACH for direct spending at merchants via Binance Pay, users can also acquire crypto cards to make purchases across their preferred platforms through the Alchemy Pay Virtual Card mini app available on Binance Marketplace. These crypto cards also support recharging with $ACH.
Moreover, Alchemy Pay plans to launch its own Web3 Digital Bank service in 2024, enabling users and businesses to open multi-currency accounts and conduct real-time conversions between fiat and crypto, thereby exploring additional practical use cases and crypto payment possibilities. If you want to learn more about this service, welcome to dive back into this roadmap for a closer look!
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 the Ethereum blockchain.
