Binance has joined hands with Alchemy Pay to develop a payment bridge between crypto and fiat via the Binance Pay wallet — allowing for a seamless experience when merchants and clients send and receive crypto and fiat payments.
With the support of Alchemy Pay’s fiat-crypto integration, Binance Pay is available for both P2P payments and merchant-based transactions. Users and merchants can choose from the 40+ supported cryptocurrencies that they want to receive or send.
Alchemy Pay’s partnership with Binance for the Binance Pay wallet significantly expands the practical backbone applications we build between the crypto and fiat worlds.
John Tan, CEO of Alchemy Pay
Founded in 2018 by a team of fiat payment gateway experts, the total value of the cryptocurrency market was below a tenth of a percent of what it is today when the company first started.
The merchant networks of Alchemy Pay include Shopify, QFPay, Hong Kong’s Pricerite, Singapore’s Ce La Vi, Canadian footwear brand Aldo, and more. It is currently operating in 18 countries and regions.