Alchemy Pay has announced that the company is all set to roll out Virtual Crypto-linked Cards to boost the adoption of cryptocurrencies in the payment space.
Users will be able to link their virtual cards to multiple digital wallets such as PayPal and Google Pay. Besides, it will support more than 40 cryptocurrencies and will be accepted by millions of merchants across the Mastercard and Visa network.
SEE ALSO: Dataiku’s Valuation Touches $4.6 Billion after Raising $400 Million in Series E Round
More about Alchemy Pay’s virtual card services
The company’s virtual card services will also be accepted across popular e-commerce platforms such as eBay and Amazon.
As of now, the virtual card services have entered beta testing across various markets after completing development. According to Alchemy Pay, the virtual card service is likely to be launched completely by the end of 2021 or the first quarter of 2022.
Crypto-linked card transactions have soared across the U.S., and this trend is set to gather further momentum in the upcoming months.
Alchemy Pay plans to jump onto this wave and make it easier to perform crypto-linked card transactions. The financial company is all set to provide virtual card services as a complete suite white-label service to businesses, crypto projects, and conventional institutions who are seeking avenues to integrate crypto-related solutions.
Promising partnerships and strategic decisions catapult growth
2021 has been an eventful year for Alchemy GPS Singapore. Noteworthy partnerships along with sound business decisions have paved the way for a positive adoption rate of Alchemy Pay crypto.
A few months back, Alchemy Pay crypto had an almost negligible presence across the crypto ecosystem. However, the scenario has changed, and now it is gradually entering the mainstream market.
Alchemy Pay entered into a partnership with crypto exchange Binance. Through this partnership, both the companies are looking to create a payment gateway between fiat and crypto via the Binance Pay wallet.
More about Alchemy Pay
Alchemy Pay is a pioneer of the first-ever hybrid digital and fiat currency gateway solution for investors and businesses.
At present, the company is operational across 18 countries and has a customer base of more than 2 million merchants due to its partnerships with industry leaders such as QFPay, Arcadier, Shopify, and more.
SEE ALSO: Square Announces Plans to Acquire Australian Buy-now-pay-later (BNPL) Giant Afterpay
Image Source: Image by Gerd Altmann from Pixabay