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Singapore-based fintech company Alchemy Pay announced a partnership with UK-based payment processor Worldpay. According to the announcement made on December 19, the partnership will provide Alchemy Pay users with access to Worldpay’s Visa and Mastercard payment services to purchase crypto assets through credit and bank cards.
Key Statements Regarding the Partnership
As steps towards crypto assets continue to be taken, the most significant similarity of these steps is to make investors’ transactions with crypto assets comfortably. Alchemy ecosystem leader Robert McCracken commented on the partnership announcement:
“Alchemy Pay is now in a better position to assist our business partners and users with seamless crypto currency transactions worldwide.”
Following Robert McCracken, Nabil Manji, who is the president of crypto and Web3 at Worldpay, made the following statement regarding the partnership announcement:
“Alchemy Pay’s mission to connect fiat currencies to the Web3 economy and promote the global adoption of crypto assets aligns with Worldpay’s role in bridging the gap between traditional and crypto finance.”
Founded in 2018, Alchemy stands out as a platform that offers fiat currency and crypto asset trading services, supporting more than 50 fiat currencies through Google Pay, Apple Pay, and various mobile wallets.
Noteworthy Moves from Alchemy
On November 30, Alchemy introduced fast payment solutions for the euro and British pound, enabling transfers for crypto asset purchases to occur within seconds to a few minutes. Following the approval of a service license in Arkansas in September, Alchemy continued to take steps against legal regulations by obtaining a service license in the US state of Iowa on November 23.
In March, Fidelity National Information Services (FIS), the owner of Worldpay, announced plans to spin off its subsidiary following a $43 billion acquisition in 2019, resulting in a loss of $18 billion for FIS.
Throughout the process, Worldpay continues to integrate with Web3 technologies. In July 2021, the company partnered with Okcoin to provide infrastructure for the exchange’s transition from fiat to crypto. In October 2022, crypto asset custody platform Fireblocks, along with Checkout com and Worldpay, launched a new payment engine for traders as pilot partners.
