• Wed. May 29th, 2024

Alchemy Pay expands crypto payment options in Europe and the UK

  • Alchemy Pay has integrated Euro Instant solution, SEPA Instant, and Faster Payments
  • SEPA Instant enables European users to buy up to 5,000 euros in cryptocurrency.
  • Faster Payments in the UK accommodates transfers of up to 5,000 British pounds.

Cryptocurrency payment platform Alchemy Pay has bolstered its payment infrastructure, introducing new deposit options across Europe and the United Kingdom.

The platform has integrated the Euro Instant solution, Single Euro Payments Area (SEPA) Instant, and Faster Payments in the UK to simplify crypto transactions for users in 30 European countries and the UK, with swift processing times and defined transaction limits.

Enhanced accessibility and transaction flexibility

The move by Alchemy Pay to integrate the various on-ramps in Europe and the UK is a significant strides in expanding its payment options, to offer enhanced deposit channels in Europe and the United Kingdom.

With the addition of the Euro Instant solution, SEPA Instant, and Faster Payments, Alchemy Pay aims to streamline the process of purchasing cryptocurrencies like Bitcoin for its European user base.

European users of Alchemy Pay can now seamlessly engage in cryptocurrency transactions with the introduction of SEPA Instant and Faster Payments. SEPA Instant allows users to buy up to 5,000 euros ($5,460) in cryptocurrency, while Faster Payments in the UK accommodates transfers of up to 5,000 British pounds ($6,320). These transaction limits are designed to cater to varying user preferences and financial needs.

Alchemy Pay’s global expansion

Alchemy Pay’s recent move to support SEPA Instant and Faster Payments in Europe aligns with its overarching strategy of broadening its payment network.

The platform, already supporting 300 fiat payment channels across 173 countries, is actively expanding its services globally.

In addition to SEPA Instant and Faster Payments, Alchemy Pay continues to bolster its support for various local payment channels, including the Polish Blik payment system, Bancontact, Skrill, and others. This diversity provides users with multiple options, ensuring flexibility in choosing their preferred payment methods.

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

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