Paysafe and Alchemy Pay, a well-known supplier of fiat-crypto payment solutions, have announced a strategic alliance.
Consumers in 130 countries can use more than 40 fiat currencies through connection to buy cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC). Through integrating Paysafe’s payment technologies, the partnership seeks to improve Alchemy Pay’s offerings for cryptocurrency exchanges, Web3 firms, and other crypto enterprises.
Alchemy Pay has integrated several third-party local payment options and Paysafe’s digital wallets, Skrill and NETELLER, into its Fiat On-ramp solution as part of the partnership’s initial phase. Paysafe’s open banking solution allows direct bank account payments for cryptocurrency purchases in the United Kingdom and fifteen other European nations.
Expansion Details
This collaboration greatly increases payment choices and lowers transaction friction for Alchemy Pay’s cryptocurrency partners and clients. The goal of integrating LPMs—which are well-known in particular markets—with Skrill and NETELLER’s worldwide presence is to reduce abandoned transactions and improve the payment experience.
Paysafe’s SVP of Crypto & Digital Assets, Micah Kershner, emphasized the widespread use of NETELLER and Skrill among cryptocurrency holders. “We’re delighted to partner with Alchemy Pay, which like Paysafe has a global footprint,” said Kershner. He continued:
“The Skrill and NETELLER wallets’ large user-base and popularity among crypto holders along with integration of local payment methods will power Alchemy Pay’s Fiat On-ramp with more payment options.”
In the second phase of the agreement, which is anticipated to launch later this year, Alchemy Pay will integrate more Paysafe payment alternatives globally.
