Binance Partners with Alchemy Pay to Create Crypto and Fiat Payment Options

Sophia Cruz•Wednesday, August 4, 2021•1 min read

Binance suffering from the crypto crackdown

A major dive into the development of blockchain network infrastructure into payment systems has taken a significant turn, and even more so due to the current pandemic. Today, Binance announced its latest partnership with crypto-fiat hybrid payment solutions provider Alchemy Pay. The project includes building a payment bridge between fiat and crypto, using the Binance Pay wallet. This partnership will support 40+ cryptocurrencies and empower clients who can now choose their preferred options for paying and receiving payments.

Binance Pay is a user-to-user system with merchant-based crypto payment features that uses the Binance App, where transactions are usually confirmed immediately. In February, a beta version was released, that enables users of Binance to send and receive crypto payments without incurring special handling fees. Alchemy Pay is a startup that prides itself as one of the leaders of the world’s first hybrid fiat and digital currency portal solution, for investors and businesses alike. Alchemy Pay provides seamless crypto and fiat acceptance for all its clients, powering adoption of blockchain technology by making DeFi services readily available to both customers and businesses.

Alchemy Pay merchant networks include Shopify, Hong Kong’s Pricerite, Canadian footwear brand Aldo, Singapore’s Ce La Vi, multinational Arcadier SaaS, QFPay and Midwest Global Asia taxi services (with its network of more than 2,500 limousine drivers) to name a few. The company also has its own crypto project and ACH as its native token. This crypto project is thriving, as is evident from its major partnerships with businesses across the globe. The new partnership with Binance is a new way to broaden Alchemy Pay’s ecosystem, offering secured and speedy transactions.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.