Alchemy Pay | February Update 2023

6 min readFeb 28, 2023

A particularly busy start of the year has been continued with a month of major company announcements, integrations, and new ramp capabilities, as well charitable donations and initiatives, and a community AMA.

Google Pay Supported on Alchemy Pay’s On-Ramp

Alchemy Pay’s on-ramp now supports Google Pay to allow users to purchase crypto quickly, easily, and securely using their fiat currency funds in 173 countries.

Alchemy Pay Development Strategy

We have shared a clear and well-defined line of action for sustainable project development. As outlined in our 2023 roadmap, our project will mainly revolve around optimising and upgrading our products, expanding payment channels, adding partners, acquiring licences, and upgrading compliance. Additionally, we are actively seeking equity financing to translate Alchemy Pay’s accumulation into greater profitability and growth.

New Management Structure Announcement

With the purpose of tapping into the collective expertise of our team, as well as keeping the team innovative and dynamic, the Alchemy Pay Board of Directors has effected a significant restructuring of Alchemy Pay’s management. As of January 1st, 2023, Alchemy Pay has transitioned from a centralized management system to a committee-based management system. Following a successful trial period, this change is now official and is hereby announced.

New Website Launch

This month Alchemy Pay launched its new website, updating information about its current fiat-crypto payment solutions.

Check it out at: https://alchemypay.org/

Building with Time: Alchemy Pay End of Year Review

After a tumultuous year, this new Alchemy Pay video, looks back at 2022 and looks forward to the future with a long term vision.

Alchemy Pay Supports Turkey-Syria Earthquake Relief Efforts

Given the devastating earthquake that recently struck southern Turkey and northern Syria, resulting in the loss of tens of thousands of lives, our thoughts and condolences are with the families and communities affected by this tragedy. In an effort to support the relief, resettlement, and reconstruction efforts, Alchemy Pay has made a donation of 1 Bitcoin to aid the affected regions.

Alchemy Pay Eases Vietnam On-Ramp Crypto Purchases with MoMo, VT Pay and Zalo

Alchemy Pay has launched local payment methods in Vietnam by supporting domestic bank transfers and mobile wallets, MoMo, ViettelPay (VT Pay). This ramp solution, integrated via API or on-ramp widget, is available to Web3 platforms with a need to access users in Vietnam. As well as Mastercard, Visa, Apple Pay and Google Pay, Vietnamese users can now buy crypto directly with VND (Vietnamese dong) on Web3 platforms using these popular local alternative payment methods.

ACH Becomes №1 Top Gainer on BNB Chain

After a major increase in value throughout February, ACH ranks no.1 on Top 10 Gainers on BNBChain.

ByteTopup on Binance App Integrates Alchemy Pay On-Ramp

ByteTopup now offers various payment methods on the Binance App after integrating AlchemyPay’s on-ramp solution. Users can enjoy the top-up service directly with fiat currency without needing to go through multiple complicated steps.

Vega Integrates Alchemy Pay NFT Checkout for Easy Fiat Purchases

Users of the entertainment 3.0 platform, Vega, can now enjoy more direct purchases of NFT of their favourite talents via Alchemy Pay’s NFT Checkout function. For up and coming projects, such as Vega, this is the first time they have been able to offer their users access with fiat currency in such a direct manner.

Learn How Alchemy Pay NFT Checkout is a Game Changer for Web3 Apps

Learn more about new developments and capabilities for Alchemy Pay’s NFT checkout and how it’s user accessibility can benefit many NFT marketplaces and apps.

Conflux Partners With Alchemy Pay For Seamless Web3 Ecosystem On-Boarding

This partnership will increase Conflux Network’s accessibility to both newcomers and experienced users, resulting in increased mainstream adoption. Alchemy Pay’s contribution will be essential to Conflux Network’s international growth. We’re looking forward to taking our long-standing relationship with Alchemy Pay to the next level. Alchemy Pay’s technology integration will enable the onboarding of millions of users into Conflux Network’s ecosystem in an effortless and regulatory-compliant way.

Web3 SocialFi Platform Bit.Store Raises Equity Funding from Alchemy Pay

Bit.Store, a global social cryptocurrency investment platform has successfully secured equity funding from Alchemy Pay, the world-leading fiat-crypto payment solutions provider. As part of the deal, Alchemy Pay acquired a 15% stake in Bit.Store. This funding marks a significant milestone for Bit.Store, enabling it to tap into Alchemy Pay’s advanced payment capabilities, including Google Pay and Apple Pay, to deliver greater value to our one million users.

ORAI Token and Ramp Integration

Alchemy Pay enables fiat-to-crypto on-ramp for the Orai chain’s native $ORAI with fast, secure payments. Available now at https://payment.orai.io

Musk’s Twitter Payment Vision in Tune With Fiat-Crypto Gateway Alchemy Pay

Read how Elon Musk’s plans for Twitter payments are closely matched to the long term vision that Alchemy Pay has always been working towards

Alchemy Pay Sponsors Web3 Festival Hong Kong

Alchemy Pay becomes a sponsor for one of 2023’s major Web3 offline events which anticipates 10,000+ attendees

Discord Community AMA

Alchemy Pay’s Ecosystem Lead, Robert McCracken, answered many much-asked community questions in a live AMA session on Alchemy Pay’s Discord.

Read through the AMA here.

European Blockchain Convention 2023: Barcelona

Alchemy Pay was in attendance for networking opportunities and reunions with existing partners at one of Europe’s first major conventions of 2023.

Binance Launches USD-ACH Perpetual Contracts

Binance Futures launches USD-ACH perpetual contracts on 22 February with up to 20x leverage.

ACH Listed on Turkey’s Bitci Exchange

Alchemy Pay’s ACH token is listed on one of Turkey’s most popular crypto exchange, Bitci.

Valentine’s Day NFT Collection

For users who completed our Valentine’s Day Missions on Galxe, we gave away $ACH, 36 exclusive NFTs, and 10 pieces of merchandise.

50% Fee Discount on Crypto Purchase on HotBit Exchange

To celebrate the cooperation with Alchemy Pay, we are thrilled to offer Alchemy Pay new users a 50% fee discount for the first cryptocurrency purchase via Alchemy Pay on Hotbit for a 5 month period.

https://hotbit.zendesk.com/hc/en-us/articles/12144936632343

Cambodia Local Charity Initiative

With some of our team members currently based in Cambodia they became keen to help the community around them. AlchemyPay has supported their first initiative to help local school children in need of a little extra support.