Alchemy Pay, a cryptocurrency payment platform, is expanding its payment methods by introducing new channels for purchasing crypto in Europe and the United Kingdom.
The platform has recently added new deposit options, such as the euro instant solution, SEPA (Single Euro Payments Area) Instant, and the U.K.’s Faster Payments service for quick money transfers.
On November 29, Alchemy Pay announced these additions, aiming to streamline the process of buying cryptocurrencies like Bitcoin (BTC), which is currently priced at $37,736. These new options enable transactions to be completed rapidly, often within seconds to a few minutes.
With SEPA Instant, European customers of Alchemy Pay can now purchase up to 5,000 euros (equivalent to about $5,460) in cryptocurrency. Similarly, the Faster Payments service allows for transfers up to 5,000 British pounds (around $6,320). Both of these channels are available to users in 30 European countries and the U.K., provided they complete the necessary Know Your Customer (KYC) procedures.
These new payment methods, SEPA Instant in Europe and Faster Payments in the U.K., join Alchemy Pay’s existing array of supported local payment options, including Poland’s Blik system, Bancontact, Skrill, and others. “This expansion significantly enhances Alchemy Pay’s payment network across Europe, extending beyond emerging markets and increasing its global influence,” the announcement highlighted.
Alchemy Pay currently supports 300 fiat payment channels in 173 countries, with a strong presence in Southeast Asia. The platform is actively extending its payment services globally, having recently acquired new licenses in the United States, specifically in Iowa and Arkansas.
Furthermore, in February 2023, Alchemy Pay secured operational licenses in markets like Indonesia and Lithuania, continuing its global expansion.
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