Lately, the traditional financial tech scene has been buzzing with excitement as big players like PayPal, Mastercard and Stripe dive headfirst into the world of blockchain and crypto payments. These industry giants are recognizing the game-changing potential of this technology and making some serious moves to integrate it into their payment systems.
Let’s take a closer look at these developments and see what they mean for the future of payments. At Alchemy Pay, we’re thrilled about these advancements, as they highlight the growing acceptance and potential of crypto payments as a secure and efficient alternative to traditional financial transactions.
PayPal Expanded its Stablecoin to Solana
On May 29th, at Consensus 2024, PayPal announced that its stablecoin, PayPal USD (PYUSD), is now live on the Solana blockchain, nine months after its initial launch on the Ethereum mainnet.
In an open letter, PayPal stated, “As we discussed in our inaugural post ‘Pay How You Want,’ we believe crypto provides an opportunity to innovate certain high-opportunity segments of today’s payment rails.”
With this move, crypto users can now use their $USDC to pay across over 1.3 million active websites globally. This means PayPal is bringing us closer to making everyday purchases via Solana’s blockchain.
Mastercard Launched Blockchain Payments Startup Program
Mastercard, another payment powerhouse, is also jumping on the “crypto payment adoption” bandwagon.
On May 15th, Mastercard announced that five new startups have joined its fintech accelerator program, Start Path Blockchain and Digital Assets. These include crypto payment and card issuer Kulipa, blockchain software firm Parfin, decentralized physical infrastructure network (DePin) firm peaq, data platform Triangle, and blockchain developer Venly. Mastercard aims to explore future use cases and scale new solutions with startups worldwide.
Additionally, Mastercard launched the “Crypto Credential” feature, which allows users to send and receive crypto using a username instead of a wallet address. This feature, first enabled on several crypto exchanges, shows Mastercard’s ambition to expand its landscape into the blockchain world in a way that crypto natives find familiar and convenient.
Stripe Brought Back Crypto Payments
“We’re excited to announce that we’re bringing back crypto as a way to accept payments, but this time with a much better experience,” said Stripe co-founder and President John Collison at the company’s Global Internet Economy conference.
Stripe had stopped supporting bitcoin payments in 2018 due to its high volatility. Now, after six years, Stripe is reintroducing crypto payments, initially supporting Circle’s USDC stablecoin in summer 2024. This feature will be available on Ethereum, Solana, and Polygon.
The Significance of These Developments
What do these moves mean for the future of payments? To translate these news: They signify that crypto payments are becoming a promising and practical option in the blockchain arena, driven by utility, demand, and the potential for mass adoption. And that’s where Alchemy Pay steps in.
As crypto sees its utility skyrocket and awareness solidify, more fintech giants are jumping on the bandwagon and building on this exciting trend. Thanks to its fast transaction speeds and lower costs, crypto is proving to be a valuable medium in the world of exchange and payment.
It’s time to rethink the nature of crypto as a financial powerhouse. By cutting out the pricey middlemen and simplifying cumbersome processes, crypto is revolutionizing financial transactions, making them more efficient and economical. As we look to the future, the integration of blockchain technology into the payment sector appears increasingly inevitable.
Alchemy Pay and the Future of Crypto Payments
With pioneers like PayPal, Mastercard and Stripe leading the charge, the potential for crypto payments to revolutionize how transactions are conducted on a global scale is immense. This trend is expected to accelerate, with more industry giants embracing blockchain for its unparalleled security, transparency, and efficiency.
Robust Expertise and Extensive Partnership Network
Amid this transformative wave, Alchemy Pay stands out as one of the most experienced crypto payment solution providers, specializing in solutions that bridge the gap between crypto and Web3 services and fiat payments for widespread accessibility. Its comprehensive payment network, serving as a one-stop solution for fiat-crypto payments, spans across 173 countries and over 300 payment channels. Founded in 2017, Alchemy Pay has forged strong relationships with both traditional payment institutions and channels, as well as a wide range of partners that has become the solid bedrock of the blockchain industry.
Comprehensive Crypto Payment Solutions Tailored to All Needs
Over the years, Alchemy Pay has refined its product offerings to meet all needs around crypo payments, from online to offline, encompassing crypto payments, On & Off-Ramp, NFT Checkout, Web3 Card Solutions, and its latest venture, the Web3 Digital Bank solution, which will further empower businesses with multi-currency account opening features.
Robust Credentials for Building a Trusted Payment Gateway
Alchemy Pay prioritizes compliance with regulatory standards worldwide, ensuring secure transactions while meeting regulatory requirements. With a proven track record of obtaining key payment licenses across various countries, including the United States, Canada, Lithuania, and Indonesia, the company maintains its commitment to regulatory compliance. Recognized by major industry players like Visa and Mastercard, Alchemy Pay is affirmed as an authorized third-party service provider in the conventional sector.
In Conclusion
By providing seamless and innovative crypto payment solutions, Alchemy Pay is poised to play a pivotal role in this evolving landscape, ensuring that businesses and consumers alike can reap the benefits of this digital revolution. The future of crypto payments is bright, and as more companies adopt blockchain technology, the promise of a more inclusive and efficient financial system becomes a reality.
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 offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, NFT Checkout, 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 Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. The Web3 Digital Bank offers an innovative solution, allowing Web3 enterprises to open multi-fiat accounts and facilitating instant conversion between fiat and cryptocurrencies. ACH is the Alchemy Pay network token on the Ethereum blockchain.

Headline News

 Alchemy Pay Set to Launch Web3 Digital Banking Solution for Enterprises
Alchemy Pay announces its new venture — the Web3 Digital Bank tailored for global Web3 enterprises! This innovative platform will ensure compliant & efficient operations for multi-fiat accounts, offering seamless account opening, exchange between EUR and USD, and instant fiat transfers to USDT/USDC.

Alchemy Pay Collaborates with Victory Securities to Offer Users Access to Spot ETF
Alchemy Pay announces a significant collaboration with Victory Securities (stock code: 8540. HK), the first licensed corporation approved by the Securities and Futures Commission (SFC) of Hong Kong to provide virtual asset trading and advisory services to retail investors. This collaboration is geared towards optimizing the investing journey for users, particularly in the recently listed Bitcoin and Ether spot ETFs in Hong Kong. A broader user base will gain access to VictoryX, the trading app for asset allocation across securities and virtual assets. The alliance serves as a bridge between the traditional finance and crypto world, ensuring a seamless and trustworthy experience for users and investors.
On & Off-Ramp, Web3 Card, NFT Checkout Integrations
 Tether USDT On Ton via Alchemy Pay
USDT is available now on Ton blockchain via AlchemyPay

Alchemy Pay Introduces Easy Ramp Solution to Linea Ecosystem, Facilitating Crypto Purchases on the Linea Network
In a move aimed at advancing blockchain accessibility, Alchemy Pay is excited to unveil its partnership with Linea, a user-friendly zk-Rollup powered by Consensys. Now, Alchemy Pay has integrated Linea blockchain into its ramp platform, facilitating the seamless transfer of virtual assets on Linea network including ETH, USDT, USDC and FOXY through local fiat currencies. This expansion not only broadens Linea’s reach but also simplifies transactions on its network via 50+ local fiat currencies like never before.

Metis Integrates for Seamless Fiat-Crypto On & Off-Ramp Support
Alchemy Pay has announced that it has entered into a partnership with Metis, the self-sustainable Layer 2 blockchain powering the next generation of decentralized applications secured by Ethereum. In this alliance, Metis incorporates Alchemy Pay’s seamless On & Off-Ramp solution into its ecosystem, offering developers a direct portal for fiat-crypto payment gateway.

 UniSat Wallet: Alchemy Pay Enables Bitcoin Purchases
UniSat integrates the Alchemy Pay On-Ramp solution into its wallet under the “Buy Crypto” portal. This integration streamlines the process for users to acquire Bitcoin in a straightforward and compliant manner. As the Bitcoin ecosystem continues to draw significant interest and investment, UniSat has emerged as a key service provider specializing in asset inscription. The UniSat Wallet serves as a hub for managing Bitcoin assets, leveraging advancements in Bitcoin technology.

Fiat On-Ramp for stETH on Lido
Lido, the decentralized staking protocol enabling users to earn daily staking rewards on their Ethereum, we serve as the fiat On-Ramp provider. Through this collaboration, users can directly purchase $stETH, the Lido’s liquid variant of staked ETH, with fiat on Alchemy Pay’s ramp page. The $stETH balance grows daily with staking rewards and plays a pivotal role in engaging in DeFi activities such as providing liquidity on protocols like Curve and serving as collateral for loans on Aave.

Core Onboards Alchemy Pay as Ramp Service Provider Within its Ecosystem
Core, a Bitcoin-powered, EVM-compatible L1 blockchain that combines delegated Proof-of-Work and delegated Proof-of-Stake, has integrated Alchemy Pay as a ramp service provider within its ecosystem for easy fiat-crypto onramping and offramping. Both developers and users within the Core ecosystem can now easily access Alchemy Pay’s On & Off-Ramp services through the platform’s “Explore-Ecosystem” portal, specifically under the “Ramp” category. Now, Core users throughout the world can conveniently buy and sell crypto directly with their preferred local fiat currency methods. This collaboration also includes the integration of Core’s native token $CORE on Alchemy Pay Ramp platform, which expands accessibility and enhances user experiences for those seeking to interact with $CORE through fiat payments.

BounceBit Integration
Through this alliance, Alchemy Pay will provide easy on and off-ramp solutions for BounceBit users, simplifying the process of acquiring BB, BounceBit’s native token, along with other tokens, to bolster the BTC Restaking ecosystem. In the upcoming phases of deeper integration, users will have access to Alchemy Pay via the app store featured on BounceBitClub for enhanced connectivity.

Alchemy Pay Now Provides Seamless Ramp Solution on AltLayer as Ecosystem Partner
Alchemy Pay, the leading fiat-crypto payment gateway, has partnered with AltLayer, an open and decentralized protocol to launch native and restaked rollup stacks, to provide an efficient On and Off-Ramp solution within its ecosystem.

Alchemy Pay and Kontos Partners for Seamless Integration of its Blockchain & KUSDT
Alchemy Pay, the leading fiat-crypto payment gateway, has collaborated with Kontos, a zk-powered omnichain infrastructure, to extend support to its Kontos chain and also introduce its On & Off Ramp Solution to Kontos. This integration enables global users to effortlessly purchase KUSDT, the stablecoin on Kontos, using their preferred payment methods and local fiat currencies via the Kontos Wallet, with direct deposits facilitated through Alchemy Pay’s intuitive ramp support.

Telos to Launch Fiat On-Ramp for Direct TLOS Purchase
A significant partnership with Telos, a growing network of networks — Layer 0 — enabling Zero Knowledge technology for ultimate scalability and privacy to support all industries and applications. As a collaborative initiative, Telo incorporates the Alchemy Pay On-Ramp solution, seamlessly integrating it into its website under the “Buy Telos” portal. This integration streamlines the process for users to acquire $TLOS in a straightforward and compliant manner. Users now also can purchase $TLOS through Alchemy Pay’s ramp page. With payment options that include Visa, Mastercard, popular mobile wallets, and domestic bank transfers.

Ramp Solution on Influpia Platform
This integration facilitates easy access to cryptocurrencies through local currencies for both seasoned crypto enthusiasts and newcomers. Users can now use their preferred fiat payment methods to buy and sell Bitcoin directly within the platform. The “Get $BTC” feature is accessible through a dedicated portal on the website, allowing users to purchase Bitcoin seamlessly. The acquired Bitcoin can then be utilized for staking and farming activities on Influpia. By leveraging Alchemy Pay’s direct-to-customer solution, Influpia offers a seamless onboard experience similar to transactions on popular e-commerce platforms like Amazon or eBay.

India: Bitget and AlchemyPay Join Forces for INR through UPI and IMPS
Bitget and AlchemyPay have joined forces to provide top-tier crypto payment solutions for INR through UPI and IMPS (bank transfer) in India. Supported cryptocurrencies include USDT, BTC, ETH, USDT and TRX. With support for multiple payment channels, including Unified Payments Interface (UPI) and IMPS (bank transfer), users across India can seamlessly navigate the crypto landscape with ease.

Alchemy Pay Enables Phygital Collection Purchases on Another-1 with NFT Checkout
Alchemy Pay, the leading crypto payment solutions provider, now enables users to purchase physical-digital blended fashion collections on the Another-1 platform, a Web3 phygital fashion platform built on Polygon, using its NFT Checkout solution.
Discover
Alchemy Pay: Driving the BTC Ecosystem Growth Post-2024 Halving
The Bitcoin halving, a pivotal event that occurs approximately every four years, has once again captured the attention of the crypto community and beyond. As the block reward for miners is reduced by half, from 6.25 to 3.125 BTC, the implications of this event extend far beyond the realm of mining economics. The 2024 halving marks a significant milestone in Bitcoin’s journey, as it not only reinforces the cryptocurrency’s deflationary nature but also sets the stage for a new wave of innovation and adoption.
Offline & Online Events
Binance Spot Trading Competition: Trade $ACH to Win a Share of 300,000 USDC
Participate in the latest Binance Spot Trading Competition by trading $ACH to win 300,000 USDC!
Don’t miss out on this opportunity and start trading now.

Consensus 2024, Austin, TX
Join us at Consensus 2024 from May 29th to 31st, and visit the Alchemy Pay booth to discover our latest crypto payment products and solutions. We can’t wait to connect with our partners, community members, and fellow attendees!

Money 2020, Amsterdam, Europe
Join Alchemy Pay at booth #5J90 in Amsterdam from June 4–6, 2024. Discover the latest advancements in crypto payments and explore how we’re shaping the future of finance.

DePIN at Consensus2024
We entered IoTeX’s DePIN House and showcased the cutting edge of DePIN first hand. Networking event with DePIN’s brightest minds. Live demos.

Panel Discussion with Mastercard at Conf3rence, Dortmund
Alchemy Pay’s Ecosystem Lead Robert McCracken joined Christian Rau of Mastercard and Claus George of DZ Bank for “Banking Revolution: The Next Era of Payments.” Nuanced perspectives on the next steps for money, payments and distributed ledger technology alongside mainstream finance.
TopGoal Community AMA
To celebrate our work with TopGoal we held an AMA with their CMO/founder Alexa.

Kroma Network & Alchemy Pay Discussion
After integrating our on-ramp payment services on Kroma Network, Derek from their BD department joined us for an X Space. Listen back as we chat Korean gaming, layer-2s and more.

Discord Community AMA
Community AMA this month answered your latest questions about Alchemy Pay’s progress and the wider crypto development.
Discord: discord.gg/alchemypay

Community Contests & Quizzes
Ready for a crypto challenge? Our Crypto Quiz gave away 2500 $ACH ! Don’t miss the next quiz! Telegram: t.me/alchemy_official

Bitcoin Pizza Day Galxe Quest
Pizza up on that special day in Bitcoin history with AlchemyPay & $ACH
https://app.galxe.com/quest/AlchemyPay/GCjyDtzSXK

Guess and Learn with Alchemy Pay
Dive into Alchemy Pay with key numbers! Discover its impact and earn rewards. Guess, learn, and win! 3,000 $ACH for 10 lucky fans!
Learn More
Try Alchemy Pay On & Off Ramp
Try our On & Off Ramp to buy and sell crypto and local fiat currencies today
https://ramp.alchemypay.org/
Enquiries for Plugin & API Integration
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via the website https://alchemypay.org/contact

 

Alchemy Pay, the leading fiat-crypto payment gateway, has partnered with AltLayer, an open and decentralized protocol to launch native and restaked rollup stacks, to provide an efficient On and Off-Ramp solution within its ecosystem.
Developers and dApps on the platform can easily incorporate the On and Off-Ramp solution through Alchemy Pay's plugin. This enables users globally to buy and sell crypto effortlessly, using their preferred payment methods and wide range of local fiat currencies.
AltLayer is a leading rollup-as-a-service (RaaS) and the pioneer of restaked rollups.
The latter leverages AltLayer's proprietary technology and combines it with EigenLayer’s restaking mechanism to make roll ups more decentralized, secure, interoperable, and efficient.
Through this partnership, Alchemy Pay and AltLayer are teaming up to further explore blockchain technology, aiming for mass adoption with tailored rollup solutions and efficient On and Off-Ramp services.
Alchemy Pay's payment gateway enables Visa and Mastercard payments across 173 countries, as well as Apple Pay, Google Pay, various domestic transfers, and popular mobile wallets in emerging markets. With its robust support for more than 300 local payment channels, the gateway ensures high conversion rates, low fees, and streamlined KYC processes, aiding AltLayer in extending its global reach.

Significantly, Alchemy Pay has obtained numerous licenses associated with payment services in various countries including the UK, United States, Canada, Indonesia, and Lithuania. Demonstrating its legitimacy in the traditional payments space, Alchemy Pay has been recognized by Visa and Mastercard as an authorized third-party service provider. Its commitment to adhering to compliance and regulatory standards establishes it as a reliable fiat-crypto payment gateway, facilitating smooth transactions for both individual users and business partners.
About AltLayer
AltLayer is an open and decentralized protocol which accelerates the launch of rollups with optimistic and ZK rollup stacks. Its flagship product ‘restaked rollups’ has been an industry disruptor, unlocking the true value of rollups with enhanced security, decentralization, fast finality, and interoperability.
AltLayer's restaked rollups consist of three vertically-integrated 'Actively Validated Services' (AVS) titled MACH, VITAL, and SQUAD. These products leverage the permissionless nature of rollup stacks, and the principle of restaking, which allows networks to borrow economic security from Ethereum.
Built atop its protocol is a multi-chain, multi-VM compatible Rollups-as-a-Service (RaaS) launcher, a hassle-free platform allowing developers and beginners to spin up a customized rollup within 2 minutes!
Together, these products form the bedrock of a modular blockchain ecosystem - home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. Industries spanning the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others leverage these rollups to scale their applications.
Try Now
Try our On & Off-Ramp to buy and sell crypto and local fiat currencies today https://ramp.alchemypay.org/

On & Off-Ramp Enquiries
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via the website https://alchemypay.org/contact

Alchemy Pay, the leading fiat-crypto payment solution provider, is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3 businesses a compliant, easy, and reliable means to open and operate multi-fiat accounts, streamline cash flows within a single account, and facilitate seamless conversions between fiat and cryptocurrency.
This fresh initiative, inspired by Ripple's model for cross-border payments, addresses key challenges while introducing innovative solutions. Web3 companies have long faced urgent needs and significant challenges in managing cross-border payments and transactions between fiat and cryptocurrencies. Although numerous products have been developed to tackle these issues individually, only a few have successfully managed to tackle both at the same time. With the launch of the Web3 Digital Bank, Alchemy Pay is taking a significant step forward in fulfilling these dual requirements simultaneously.
Leveraging its existing licenses and compliance capabilities, Alchemy Pay is well-positioned to introduce online payment and banking solutions for businesses within regulatory frameworks. The integration of Alchemy Pay's proven and user-friendly ramp product into its banking offerings allows for seamless conversions between fiat and cryptocurrencies within a single bank account. With extensive experience in crypto payments, Alchemy Pay is poised to deliver an advanced banking product that enables businesses to efficiently manage multiple fiat accounts and convert fiat into crypto through the same platform. In essence, Alchemy Pay has transformed into a true Web3 bank, expanding financial possibilities through its innovative banking system equipped with fiat-crypto conversion ramps.
The account opening feature offers a seamless solution for those seeking a multi-fiat currency account. Initially supporting EUR and USD, this feature enables smooth transitions between these two currencies. Leveraging Alchemy Pay's expertise and proficiency in bridging fiat and crypto, EUR and USD balances within this account can be instantly transferred to stablecoins like USDT and USDC, thereby elevating borderless finance to a whole new level and paradigm in this new market cycle.
The crypto world has witnessed significant developments in recent months. On May 20th, SEC asked exchanges to expedite 19B-4 filings for Spot Ether ETFs, increasing the odds of its approval. Earlier, on April 30th, the Securities and Futures Commission of Hong Kong granted approval and greenlit the official trading for the inaugural Bitcoin and Ether spot ETFs.
Echoing these thrilling progress that pushes cryptocurrency towards broad acceptance and brings a new wave of investment opportunities, the Alchemy Pay Web3 digital bank also acts as a central hub aiding Web2 companies interested in crypto industry investments. Through Alchemy Pay, companies are able to invest directly in their desired crypto targets through fiat currency as part of their corporate assets. Serving as the bridge between fiat and crypto global economies, Alchemy Pay is dedicated to offer real-world services that seamlessly link Web2 and Web3 for businesses and users worldwide, promoting a more inclusive and equitable financial landscape.
To date, Alchemy Pay steadily keeps building its extensive Web3 payment ecosystem by deeply integrating licensing resources and global compliance credentials. This strategy involves expanding alternative payment methods (APMs) globally to augment service capabilities and introducing a range of payment products designed for various market needs. With over 440 high-quality business partners and a track record of serving numerous prominent project partners across blockchains, exchanges, wallets, games, and DeFi like Polygon, Stellar, Arbitrum, ICP, TON, Celo, Lido, Trust Wallet, OKX, Bitget, etc., Alchemy Pay has facilitated seamless access to the crypto world for millions of users. 
Looking ahead, its newly developed banking products will further support enterprises venturing into the crypto field, solidifying its role in facilitating business transactions within the crypto sphere.
In recent, Alchemy Pay revealed its investment in LaPay UK Ltd, through which it secured an Authorized Payment Institution (API) License, regulated by the Financial Conduct Authority (FCA). This API license authorizes the undertaking of business operations such as remittance, payment processing, and account management within the UK. Alchemy Pay also announced its collaboration with Victory Securities (stock code: 8540. HK), the first licensed corporation approved by the Securities and Futures Commission (SFC) of Hong Kong to provide virtual asset trading and advisory services to retail investors, to optimize the investing journey for users, particularly in the recently listed Bitcoin and Ether spot ETFs in Hong Kong.

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, Crypto Card, Web3 Digital Bank, NFT Checkout, 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 Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. The Web3 Digital Bank offers an innovative solution, allowing Web3 enterprises to open multi-fiat accounts and facilitating instant conversion between fiat and cryptocurrencies.