In an effort to improve crypto transactions and easy NFT checkout, Alchemy Pay, a leading fiat-crypto payment gateway, has announced a significant partnership with Checkout.com, a renowned payment processor for global digital businesses. This collaboration is not just a union of two industry giants but a step toward clearing the lines between fiat and cryptocurrency, which are often blurred.Â
Alchemy Pay Integrates Checkout’s Visa And Mastercard Channels
In a major development, Alchemy Pay, a top-tier fiat-crypto payment gateway, has unveiled a strategic alliance with Checkout.com. The partnership has led to the seamless integration of Checkout.com’s Visa and Mastercard channels into Alchemy Pay’s On and Off-ramp solutions, aiming to smoothen the transactions between fiat currency and cryptocurrency globally. Furthermore, an integration of these channels into NFT Checkout is also on the horizon.
By integrating the payment infrastructure of Visa and Mastercard via Checkout.com, Alchemy Pay has secured one of the industry’s highest payment acceptance rates. This integration empowers users to easily trade digital assets through Visa and Mastercard using Alchemy Pay’s Ramp solution and NFT Checkout.
The smooth conversion process offered by Checkout.com is instrumental in removing barriers to the broad adoption of crypto and NFT services. This matches perfectly with Alchemy Pay’s goal of bridging the gap between the global fiat and crypto economies.
The importance of global fiat-crypto transactions is a top priority. As the market becomes more interconnected, the need for a universal and stable financial system becomes more apparent. Cryptocurrencies, with their borderless nature and potential for decentralization, offer a solution to this need. However, the challenge lies in integrating these digital assets into the existing financial infrastructure in a way that is easy, secure, and accessible to all. This is where Alchemy Pay and Checkout.com come in.
Checkout.com’s Global Dominance Sets New Standards
By integrating Visa and Mastercard channels, Alchemy Pay and Checkout.com are bridging the gap between traditional and crypto space. This allows businesses to accept payments in both fiat and cryptocurrencies, thereby expanding their customer base and enhancing their competitiveness in the global market. For individuals, this means more freedom and flexibility in managing their finances, as they can easily switch between fiat and crypto assets as per their needs.
Checkout.com, a worldwide provider of payment solutions, is specifically designed to serve large global enterprise merchants handling vast quantities of transactions on a daily basis. According to the company’s own statements, Checkout.com processed payments in the hundreds of billions of dollars in 2021 alone. Its esteemed clientele includes industry titans such as Netflix, Farfetch, Grab, Sony, Pizza Hut, and Shein.
As a leader in the payment processing sector, Checkout.com further strengthens its standing by providing vital support to notable players in the crypto industry, including Circle and Kucoin, among others.Â
The company’s superior services, which encompass higher global acceptance rates, enhanced conversion rates, fewer chargebacks, and the ability to offer broad global coverage through a single, simplified access point, make it a preferred choice for a multitude of partners.
Alchemy Pay has strategically partnered with global acquirers and payment processors to enhance its on and off-ramp operations. These collaborations have expanded Alchemy Pay’s global reach, licensing and reduced transaction and operating costs.Â
Beyond these partnerships, Alchemy Pay has secured licenses in various regions, including the United States, Canada, Indonesia, and Lithuania, demonstrating its proficiency in the crypto payment industry. This achievement has earned recognition from major entities like Visa and Mastercard, who acknowledge Alchemy Pay as their official payment service provider.
