The global crypto exchange company Gate.io’s crypto payment function “Gate Pay” has started a collaboration with Alchemy Pay (a prominent platform for payment solutions). The purpose of the respective partnership is to create a linkage between the crypto and fiat-based payments with the use of Gate Pay wallet. As a result of this partnership, Gate pay will be permitted to incorporate merchants linked to Alchemy Pay’s platform taking into account Instpower, Allvalue, and others.
Gate Pay of Gate.io Exchange Joins Forces with Alchemy Pay to Increase Merchant Integration
Gate Pay is known as a secure, borderless, and contactless forum offering a crypto-payment facility that is completely structured by Gate.io. Currently, Gate Pay is compatible with more than thirty crypto assets. In this way, the merchants and the consumers can select their favourite options to receive and perform payments. With the support provided by the integration of Alchemy Pay, merchant-based transfers can be done more effectively.
Apart from this, it also satisfies the requirements of the merchant and clients who want to get crypto assets anywhere, anytime in the world of Web3. With these merchants added, the consumers of Gate Pay will be offered access to a broader list of services and products. Back in 2019, Alchemy Pay introduced the initial hybrid system for the acceptance of merchant payments. It enabled online and in-store merchants to get crypto assets from consumers.
After that, in the year 2021, the platform’s system for fiat-crypto payments witnessed more than 2M merchants across above seventy regions. The latest partnership will let Gate Pay take benefit from the comprehensive merchant network of Alchemy Pay. The platform’s merchant networks take into account Allvalue (a one-page website-building platform), Pricerite of Hong Kong, QFPay, Shopify, and more.
Gate Group Rolls out Visa Debit Card in Europe to Spread Payment Offerings
A few days ago, Gate Group (the entity backing Gate.io) expressed its strategy to introduce a crypto debit card that would be valid within European countries. The card would permit the consumers to matchlessly spend and convert their crypto into daily purchases. One of the things responsible for enhancing the adoption deals with the consistent developments in this field. The prominent crypto players are taking the crypto services to even the far-off regions around the world to ultimately enhance the adoption and awareness of this burgeoning sector.