MEXC a European crypto exchange has partnered with Alchemy Pay, the partnership will enable MEXC’s users to be able to deposit fiat with credit and debit cards.
MEXC Global, a European cryptocurrency exchange, has teamed up with Alchemy Pay. The partnership includes the integration of Alchemy’s hybrid crypto-fiat payment gateway on MEXC.
To begin with, the arrangement offers a slew of benefits to the MEXC exchange’s six million or more customers. For starters, users can now deposit fiat directly on the MEXC exchange using credit and debit cards. MEXC’s $MX token will also be included in Alchemy Pay’s payment mechanism.
This expands the use case for $MX tokens in particular. The Alchemy Pay retailers and partners network, for example, can accept the tokens as payment.
Furthermore, the cooperation opens the route for present and potential exchange users to adopt cryptocurrency much more easily.
More importantly, it lowers the barriers to entry for crypto investments for MEXC’s European users, hence improving services for the MEXC European market.
Alchemy Pay’s CEO, John Tan, says:
Our partnership with MEXC Global is a significant milestone in mitigating the gap between cryptocurrency and fiat to drive overall crypto adoption in the European region. This is a win-win situation. Experienced investors have an easier way to invest funds in crypto, while MEXC Global can now target crypto-curious investors with no crypto holdings.
In the coming weeks, the MEXC Global exchange will offer trading for Alchemy Pay’s ACH coin and introduce margin trading.
MEXC Global is a centralized exchange that uses high-performance mega-transaction matching technology to match transactions.
For its 6 million members from over 70 countries, the MEXC exchange is presently performing 4.1 million transactions per second.
Alchemy Pay is the first hybrid fiat and digital currency payment gateway in the world. Merchants, developers, and financial institutions can use the Alchemy Pay platform to make seamless crypto and fiat payments.