Alchemy Pay, the firm supporting fiat-crypto payment gateways, has entered into a strategic partnership with Worldpay, the global acquirer, to amplify its payment channels and elevate its payment capabilities.
This partnership grants access “to Worldpay’s Visa and Mastercard payment rails on Alchemy Pay’s On & Off-Ramp, empowering users to enjoy increased efficiency and better customer experience when buying and selling crypto using their credit and debit cards.”
Moving forward, Worldpay’s payment channels will also “support Alchemy Pay’s NFT Checkout, making NFT accessible for a wider audience.”
Acquired by the global financial technology firm FIS (NYSE:FIS) in 2019, Worldpay stands as the top acquirer on Nasdaq “in terms of market capitalization and is also recognized as the largest global acquirer based on general-purpose transaction volume.”
On a daily basis, Worldpay handles “over 130 million transactions across mobile, online, and in-store platforms, supporting operations in more than 146 countries and dealing with 135 currencies.”
With a vast network of over 1 million merchants globally, Worldpay’s expertise lies “in fast settlement and extensive experience in international and cross-border payments.”
Through the partnership with Worldpay, Alchemy Pay aims “to significantly enhance its global presence by reducing the barriers associated with buying and selling cryptocurrencies and NFTs.”
In response to the emergence of innovative trends in crypto and blockchain technology, Worldpay has embraced cryptocurrency by “offering payment services and set its sight for a future marked by widespread crypto adoption.”
The FIS group has facilitated “over $20 billion in transactions from card to crypto. Worldpay has forged partnerships with prominent crypto entities, including Fireblocks, Circle, and crypto.com, among others.”
Notably, in 2022, Worldpay achieved “the distinction of being the first global merchant acquirer to provide direct settlement in USDC.”
Robert McCracken, the Ecosystem Lead at Alchemy Pay, said:
“Utilizing Worldpay’s extensive global reach, Alchemy Pay is now better positioned to assist our business partners and users in seamless cryptocurrency transactions worldwide, providing enhanced payment experiences and more favorable fee structures. We are excited about the collaboration with Worldpay to advance the mainstream accessibility of crypto and digital assets.”
Nabil Manji, the Head of Crypto and Web3.0 at Worldpay, said:
“As a global leader in providing payment solutions to the digital assets space, Worldpay is delighted to have been selected by Alchemy Pay as their payment processing partner. Alchemy Pay’s mission to promote global adoption of digital assets by connecting fiat to the Web3 economy is aligned with Worldpay’s role in bridging the gap between traditional and digital finance. We are proud to be a part of Alchemy Pay’s growth story and look forward to a successful partnership.”
As a crypto payment service provider, Alchemy Pay seeks to “enable widespread use for crypto and Web3 services by facilitating access to fiat payments.”
Demonstrating a successful history of robust payment capabilities, Alchemy Pay supports transactions in “over 50 fiat currencies through payment methods such as Visa, Mastercard, Discover, and Diners Club across 173 nations.”