Alchemy Pay Brings New Crypto Payment Options to Europe and the UK

4:28 pm
November 30, 2023

Alchemy Pay, a cryptocurrency payment platform, has expanded its payment infrastructure to include new deposit options for European and UK users. With the integration of Euro Instant solution, SEPA Instant, and Faster Payments, users can now enjoy streamlined and swift cryptocurrency transactions with defined transaction limits.

Enhanced Accessibility and Transaction Flexibility

By integrating Euro Instant solution, SEPA Instant, and Faster Payments, Alchemy Pay aims to offer enhanced deposit channels in Europe and the United Kingdom. This move allows European users to engage in cryptocurrency transactions seamlessly, with SEPA Instant enabling them to buy up to 5,000 euros in cryptocurrency, and Faster Payments accommodating transfers of up to 5,000 British pounds. These transaction limits cater to diverse user preferences and financial needs.

Alchemy Pay’s Global Expansion

Alchemy Pay’s support for SEPA Instant and Faster Payments in Europe is part of its strategy to broaden its payment network. The platform, which already supports 300 fiat payment channels across 173 countries, continues to expand its services globally. In addition to SEPA Instant and Faster Payments, Alchemy Pay is also bolstering its support for various local payment channels, such as the Polish Blik payment system, Bancontact, Skrill, and others. This diversity provides users with multiple options and ensures flexibility in choosing their preferred payment methods.

To comply with regulatory standards, Alchemy Pay emphasizes the completion of Know Your Customer (KYC) checks for users in the European markets. This commitment aligns with the company’s strategy of obtaining licenses in various regions, including recent acquisitions in the United States, Indonesia, and Lithuania.

FAQs

What new deposit options has Alchemy Pay introduced for European and UK users?

Alchemy Pay has integrated the Euro Instant solution, Single Euro Payments Area (SEPA) Instant, and Faster Payments in the UK to simplify crypto transactions.

What are the transaction limits for SEPA Instant and Faster Payments?

SEPA Instant allows users to buy up to 5,000 euros in cryptocurrency, while Faster Payments in the UK accommodates transfers of up to 5,000 British pounds.

How many fiat payment channels does Alchemy Pay support globally?

Alchemy Pay already supports 300 fiat payment channels across 173 countries.

What is Alchemy Pay’s strategy for obtaining licenses in various regions?

Alchemy Pay is committed to obtaining licenses in various regions, including recent acquisitions in the United States, Indonesia, and Lithuania, to uphold regulatory standards and compliance.


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