Gate Pay Partners with Alchemy Pay to Expand Crypto Payment Coverage in SEA region

Announcements Gate Pay Partners with Alchemy Pay to Expand Crypto Payment Coverage in SEA region

2023-03-23 09:28:35 UTC 6389 Read

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Gate Pay, a cryptocurrency-based payment product developed by Gate.io, has partnered with Alchemy Pay, a fiat-crypto payment solutions provider headquartered in Singapore, to expand the presence of Gate Pay into the SEA region. The partnership will enpower Gate Pay to reach Alchemy Pay’s existing merchants network in the region, such as Allvalue, Instpower, and other major merchants.

Gate Pay is a contactless, borderless, secure crypto payment technology fully developed by Gate.io. At present, Gate Pay supports over 30 mainstream cryptocurrencies, with more to add in. In addition, users and merchants can choose their preferred payment options (i.e. QR Code payment or Chain Address payment) and settlement currencies in making and receiving payments. Gate Pay targets to serve merchant-based transactions more effectively and satisfy the needs of merchant users to receive cryptocurrencies anytime, anywhere in the Web 3.0 world. By joining hands with Alchemy Pay, Gate Pay will allow users to enjoy a wider range of products and services, especially in the SEA region.

Feng, the head of Gate Pay, stated, ”The collaboration with Alchemy Pay represents another step towards increasing the application scenarios for Gate Pay users. We are open to partner with the crypto infrastructure service companies like Alchemy Pay to advance the development of crypto payment infrastructure. We have very high confidence in the fast growing crypto payment market, a huge blue sea without any dominant players or big whales.”

In 2019, Alchemy Pay launched the world’s first hybrid merchant payment acceptance system that enabled in-store and online merchants to receive cryptocurrency payments from customers. By 2021, its fiat-crypto payment acceptance system had touchpoints with over 2 million merchants in 70+ regions.

Through this collaboration, Gate Pay will be able to leverage Alchemy Pay's extensive network of merchants. Alchemy Pay merchant networks include Shopify, QFPay, Hong Kong's Pricerite, Enterprise Marketplace E-commerce Solutions Arcadier, one-page website builder Allvalue, Midwest Global Asia taxi services and more.

###About Gate Pay

Gate Pay is a secure, free and fast cryptocurrency payment function developed by Gate.io to meet the Web 3.0 needs of merchants and individual users to pay and receive cryptocurrency anytime, anywhere. Users can make crypto payments for any online goods or services in a seamless way by simply scanning the OR code or making Chain Address transfer. Currently, Gate Pay supports over 30 mainstream cryptocurrencies in payments and also enables over 1500 cryptocurrencies in fast convert.

###About Alchemy Pay

Founded in Singapore in 2018, Alchemy Pay is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users. The Alchemy Pay Ramp Solution is integrated, via plugin or API, with platforms and dApps, providing an easy onramp from fiat currency to crypto. Alchemy Pay supports payments from 173 countries, through Visa, Mastercard, Google Pay, Apple Pay, popular regional mobile wallets, and domestic transfers with a focus on emerging markets. Its offramping capability remits to users in 50+ local fiat currencies. ACH is the Alchemy Pay network token on Ethereum and BNB Chain.

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Gate.io Team
March 23rd, 2023

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