Alchemy Pay strongly promotes: you can buy coins at convenience stores in Taiwan!
Alchemy Pay’s latest announcement states that Taiwanese users can purchase cryptocurrencies with NT$ cash at mainstream convenience stores such as 7-Eleven, FamilyMart, OK, and Laifu. This service simplifies the purchasing process for those who do not have access to online banking or credit card services, adjusting payment methods to local user preferences.
Source: Alchemy Pay
Alchemy Pay emphasizes: adapting to Taiwan’s convenience supermarket culture, buying coins with great privacy
Alchemy Pay said that Taiwan has an extensive network of convenience supermarkets, so there is always a place to buy nearby. This means that users can now purchase cryptocurrencies while running daily errands without having to go to a bank or use online payment methods. Paying with cash at a trusted convenience store adds an extra layer of security, as users don't need to share their bank details or credit card information.
Alchemy Pay’s way to buy cryptocurrency with cash
Alchemy Pay stated that it teaches users how to buy coins through Taiwanese supermarkets:
Select NT$ and choose your cryptocurrency
Visit Alchemy Pay’s payment platform. Select NT$ as the fiat currency and then select the cryptocurrency you want to purchase.Choose cash payment
Select the cash payment option and get your offline payment ID number.Offline payment
Go to a convenience store, enter your payment ID number into the payment machine (ibon) to get a receipt, then pay for your order in cash at the counter.Receive your cryptocurrency
After completing the payment, you will receive a confirmation on the payment platform and the purchased cryptocurrency will be transferred to your wallet.
Alchemy Pay adds Web3 entry-level territory
Alchemy Pay currently supports 173 countries around the world, more than 300 payment channels and more than 50 legal currencies, focusing on emerging markets in Southeast Asia, South America and Africa. The company aims to simplify entry into Web3 for more regions and plans to expand its coverage this year to all countries capable of using cryptocurrencies. In addition, Alchemy Pay will introduce more local payment options in the countries it already serves.
Is Alchemy Pay a Taiwanese VASP?
Although Taiwan has promulgated guidelines for VASPs (Virtual Asset Service Providers), Taiwanese industry players also have association self-regulation. However, Alchemy Pay, which provides cash currency buying services, is not on the list of VASP anti-laundering declaration companies. Although this company registered in Lithuania requires customers to KYC, it may have stepped on Taiwan's relevant regulations.
Source: Lian News
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[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reprinted with permission from: Lian News
