Alchemy Pay Drives Crypto Adoption by Bridging Fiat and Crypto Economies

Alchemy Pay is a hybrid fiat and digital currency gateway solution for businesses and investors. They are on their mission to change by enabling millions of merchants to accept crypto payments and get paid in their local currency. The firm also opens up investments in the DeFi space to fiat investors.

Pay With Crypto at the Bar or Online With Alchemy Pay

Alchemy Pay already operates in 18 countries and regions around the world and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Shopify, Arcadier, QFPay, Binance and more.

By enabling businesses to accept crypto clients and get paid in local fiat currency Alchemy Pay solves a major problem for the crypto economy. Crypto payments adoption is vital for the long term and sustainable growth for the industry, but traditional businesses have faced difficulties accepting cryptocurrencies. This can be due to a lack of technical skills, regulatory concerns or just not wanting to deal with price volatility. Alchemy Pay simply removes all of these issues. It also helps make it easier for businesses to accept crypto as they only need to use the same one system for fiat payments (only one payment terminal for offline transactions, and only one API/Plugin to integrate for online payments).

From a crypto user’s perspective, this means that thanks to Alchemy Pay you could be spending your crypto to pay for a taxi, in an online store or at the local mall and even a high class bar.

Alchemy Pay Opens up DeFi Space to Fiat Investors

Another way Alchemy Pay is bridging the gap between the old and new economies is opening up the DeFi (decentralized finance) space to fiat investors. Alchemy achieves this by letting investors directly use fiat to gain access to blockchain services.

Instead of paying with digital utility tokens, Alchemy Pay – in the background – seamlessly facilitates the exchange of fiat into utility tokens to access DeFi services. And by partnering with a traditional financial institution, Alchemy Pay enables DeFi platforms to offer their investors access to significantly higher returns available only in the crypto lending/staking space right now.

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