Alchemy Pay, a fiat-crypto payment gateway, has announced a partnership with Paysafe (NYSE: PSFE), a payments platform.
With this partnership, Alchemy Pay integrates Paysafe’s Skrill, NETELLER, and multiple local payment methods into its Fiat On-ramp offering, “enhancing convenience and accessibility for global users, particularly across European markets.”
Paysafe reportedly has a track record of “connecting consumers and merchants through seamless payment processing, digital wallets, and online cash solutions, supporting 250+ payment types in over 40 currencies.”
The integration of Paysafe’s payment rails, “including globally recognized digital wallets Skrill and NETELLER, which are available to crypto holders in 130 countries (excluding the U.S.) and support over 40 fiat currencies, reinforces Alchemy Pay’s offerings.”
This integration empowers Alchemy Pay’s partners and users “with more fiat payment options when purchasing crypto, enhancing transaction success rates and improving the overall user experience.”
Moreover, the integration of Paysafe’s open banking solution “allows Skrill users in 16 countries to instantly convert their fiat funds into their preferred cryptocurrencies direct from their bank accounts via Alchemy Pay’s On-ramp platform.”
This partnership marks the initial collaboration “between Alchemy Pay and Paysafe, with plans to extend its reach by integrating more payment methods from Paysafe to emerging markets, such as Latin America, later this year.”
Alchemy Pay Ecosystem Lead, Robert McCracken said:
“At Alchemy Pay, we believe easy fiat-crypto onboarding is key to unlocking the true potential of crypto. Partnering with Paysafe streamlines this process for our users and opens the door to a wider audience, particularly in European countries. Looking ahead, we’re excited to leverage Paysafe’s expertise to expand into other promising markets like Latin America, bringing the benefits of crypto to an even larger global community.”
Micah Kershner, SVP of Crypto & Digital Assets at Paysafe, said:
“We’re delighted to partner with Alchemy Pay, which like Paysafe has a global footprint. The Skrill and NETELLER wallets’ large user-base and popularity among crypto holders along with integration of local payment methods will power Alchemy Pay’s Fiat On-ramp with more payment options. We’re confident this partnership will enhance the payment experience for crypto exchanges and Web3 companies served by Alchemy Pay, driving their future growth.”
Founded in 2017, Alchemy Pay claims it has been “at the forefront of the crypto payment industry, merging blockchain technology with conventional financial knowledge to provide swift, secure, and economical cross-border transactions.”
It has partnered with payment processors, regional e-wallets, and local bank transfer services, forming “a payment network that covers 173 countries and includes over 300 fiat payment options.”
Dedicated to driving widespread crypto adoption, Alchemy Pay adheres “to regulatory requirements and has obtained various licenses in nations such as the UK, United States, Canada, Indonesia, and Lithuania.”