Alchemy Pay, a prominent fiat-crypto payment gateway, has entered into a strategic partnership with Paysafe, a leading payments platform. This collaboration involves integrating Paysafe’s Skrill, NETELLER, and various local payment methods into Alchemy Pay’s Fiat On-ramp service. This move aims to improve convenience and accessibility for users, particularly in European markets. Earlier, Taiko also integrated Alchemy Pay on and off ramp services.
Paysafe Enhances Alchemy Pay with Expanded Fiat Payment Options
As an international payment solutions specialist and digital wallets and online cash services provider, Paysafe operates in more than 40 currencies while accepting over 250 types of payments. The enhancement of Paysafe’s payment solutions like Skrills and NETELLER e-wallets now in 130 nations but where Alchemy Pay is still missing is the United States.
Therefore, this integration will bring more fiat payment options for users looking to buy cryptocurrencies directly. So, it will result into an improved transaction success rate and an increased satisfaction level among users.
Furthermore, through the partnership, Paysafe will provide open banking to the 16 countries that facilitate converting fiat money into cryptocurrencies via Alchemy Pay’s Skrill integration. This facility is intended to provide more convenience to users who want to put their money into cryptocurrency.
The integration is the first of its kind between Alchemy Pay and Paysafe. In addition to this, there are plans to increase the integration of other Paysafe payment methods in other markets including the Latin American region.
Alchemy Pay and Paysafe Collaboration to Boost Crypto Accessibility and Growth
Commenting on the partnership, Alchemly Pay’s Ecosystem Lead Robert McCracken describes the collaboration positively. He sees potential for adding more fiat-crypto onramps and expanding the user base, especially across Europe-based customers and traders. The company hopes to capitalize on Paysafe’s experience and use it to expand in other areas.
Paysafe’s SVP of Crypto & Digital Assets, Micah Kershner said that Skrill and NETELLER to integrate with local payment methods. In this way, this will improve the further growth for the crypto exchanges and Web3 companies.
Finally, this partnership will likely help to make the acquisition of cryptocurrencies easier and expand into new markets in the future. Furthermore, this will showcase the link between the more conventional and improving convergence of payments technologies and cryptocurrencies.
