Alchemy Pay | October Update 2024

Alchemy Pay
9 min readNov 1, 2024

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Headline News

Introducing! New Layer-1 Blockchain to Launch — Alchemy Chain

Yes, you heard that right — we’re not messing around! After countless internal discussions, the Alchemy Pay team has made the bold decision to launch our very own Layer 1 blockchain: Alchemy Chain.

Alchemy Pay, a world-leading crypto payment solutions provider, today unveiled its launch plan of its Layer-1 blockchain, Alchemy Chain. Built on a scalable Solana Virtual Machine (SVM) architecture, Alchemy Chain is designed to support the growing needs of Alchemy Pay’s business operations and revolutionize the integration of crypto and fiat payments.

Alchemy Pay Expands Payment Reach with New Mexico Money Transmission License

Alchemy Pay, the world-leading fiat-crypto payment solution provider, has announced the acquisition of another Money Transmission License in New Mexico, United States. Following the MTL licenses secured in Arkansas, Iowa, and New Hampshire, this new license further validates Alchemy Pay’s capabilities and qualifications as recognized by the authorities, facilitating its expansion of crypto payment business in the U.S. market.

New Roadmap Revealed

As we have entered the last quarter of 2024, the Alchemy Pay team is excited to outline our focus areas and goals. Building upon the momentum and insights gained from the past months, our journey of the upcoming months goes with five key priorities:

- Securing necessary licenses

- Expanding business in our Web3 Digital Bank

- Keep broadening our fiat on-ramp payment channels offering

- Enhancing our Crypto Payment solution with innovative softPOS solution

- And the thrilling big news as detailed above — launching our layer1 blockchain — Alchemy Chain!

With a keen eye on the evolving landscape and the valuable feedback from our community, we’re confident that this roadmap will guide us towards a bigger vision. Buckle up for the ride!

Unveiling the Co-Branded Physical ACH Gift Card at Binance Blockchain Week

Get ready for an exclusive treat from Alchemy Pay at Binance Blockchain Week! Alchemy Pay is giving away a physical co-branded 800 $ACH gift card, created with Binance Gift Card at the event. Find it in your swag bag, claim your ACH, and use it in the ACH Gift Card mini-app at Binance Marketplace

BNB CHAIN — New Deeper Integration

As part of a major deepening of partnership with BNB Chain Alchemy Pay now enables users to rent power banks and recharge phones using $BNB! This expansion brings crypto payments to everyday scenarios, highlighting the versatility of $BNB and other digital assets. Flexible crypto payments start now!

Integrations & Partnerships

CKB Eco Fund to Enable Seamless Fiat Purchases of $CKB

New partnership with CKB Eco Fund. With Alchemy Pay’s on-ramp, users can now seamlessly purchase $CKB, the first fully BTC-isomorphic L2 (PoW+UTXO), using Visa, MasterCard, mobile wallets, and more.

$NEIRO Now on Alchemy Pay On-ramp

Neiro token is now available on Alchemy Pay’s On-ramp. Users within the Neiro community can now conveniently purchase $NEIRO via their preferred fiat payment methods. Try it out at https://ramp.alchemypay.org

$DOGS Now Launched on Alchemy Pay Ramp

$DOGS token is now live on our Alchemy Pay Ramp! Get your paws on $DOGS, the Telegram-native meme coin, effortlessly with your local fiat money and your favourite fiat payment methods. Join the fun and meme-filled world of $DOGS today!

Cocos Studio Partnership to Enable Seamless Fiat Payments for GameFi Projects

Cocos Studio, powered by the Cocos Engine is a leading mini-game engine platform for developing, incubating, and accelerating mini-games. Alchemy Pay will provide developers powered by Cocos Engine with the tools to seamlessly integrate fiat payment options into their blockchain-based games, offering players the ability to purchase in-game assets using currencies such as USD, EUR, and GBP.

Alchemy Pay and Yellow Card Team Up to Streamline Crypto Access Across Africa

Alchemy Pay, the world-leading fiat-crypto payment gateway, has officially announced a partnership with Yellow Card, a pan-African fintech company operating in 20 countries with over USD 3 billion worth of transactions. This collaboration aims to enhance Alchemy Pay’s on-ramp product by leveraging Yellow Card’s vast payment infrastructure, including bank transfers and mobile money options, to serve the growing demand across several African countries.

GameOn TON Global Gaming Hackathon Alchemy Pay Join AEON

We’re joining forces for the GameOn TON Global Gaming Hackathon to offer developers top-notch resources, expert mentorship, and collaborative spaces to drive Web3 gaming & TON ecosystem forward. Ready to innovate? Join us: https://dorahacks.io/hackathon/game-on-ton-hackathon

Register for Dev workshop: https://lu.ma/dzlonhlr

Product Updates

Samsung Pay adds crypto payment option with Alchemy Pay integration

As covered by Cointelegraph, with the integration of Samsung Pay into Alchemy Pay’s Virtual Card Service, 500,000+ users can now seamlessly spend their crypto at thousands of retailers, both online and in-store.

Media Review

Alchemy Pay reveals plans to launch layer-1 blockchain via @Cointelegraph

Crypto payment provider Alchemy Pay announced that it would launch a layer-1 blockchain called Alchemy Chain to support the “growing needs” of its business operations.

Behind Alchemy Pay and Yellow Card’s Bold Plan for African Crypto Adoption via @Bitcoin.com

Alchemy Pay and Yellow Card have teamed up to make cryptocurrency more accessible in Africa. Alchemy Pay’s on-ramp product will utilize Yellow Card’s payment infrastructure in 20 African countries, allowing users to purchase crypto with their local fiat currencies.

Samsung Pay adds crypto payment option with Alchemy Pay integration via @Cointelegraph

Alchemy Pay — a major crypto payment provider with more than one million registered users — has updated its virtual card service with a new Samsung Pay integration on one of its virtual cards.

Alchemy Pay Expands Crypto Virtual Card to Samsung Pay via @Bitcoin.com

Alchemy Pay has announced the integration of its virtual card service with Samsung Pay, expanding its reach following the successful launch on Google Pay. This development enables users to seamlessly spend their cryptocurrency holdings at numerous retailers, both online and in-store, through Samsung’s contactless payment platform

Discover More

Seamless Crypto Payments via Binance Pay

Seamless transactions await! Powered by Alchemy Pay, Terminus Network, and AEON, checkout stations now support Binance Pay for offline crypto payments across Southeast Asia.

Effortless Crypto Purchases in Europe with Alchemy Pay & Volt’s Open Banking

Elevating convenience with EU Open Banking via Volt for seamless crypto purchases. Join us as we guide you through leveraging this integration to simplify your crypto transactions. Start your crypto journey now!

Check Out by Crypto Using GatePay Supported by Alchemy Pay

Unlock the future of payments with Alchemy Pay, Terminus Network, and AEON! Experience the convenience of GatePay at checkout stations across Southeast Asia for seamless offline crypto payments. Watch the video for details and start using it now!

Offline & Online Events

Binance Blockchain Week Dubai 2024

Binance Blockchain Week in Dubai was huge! Plenty of partners attended Alchemy Pay’s booth to discover our latest crypto payment solutions, meet up in person with our team, and unveil the future of crypto payments.

Exclusive Merch Giveaway at Binance Blockchain Week Official Swag Bag

Alchemy Pay is bringing extra for all attendees to the event to showcase our brand! Attendees will grab an official swag bag filled with our premium goodies, including a co-branded $ACH gift card. Experience it on Binance Marketplace at the ACH Gift Card mini-app!

Token2049 Singapore Recap

Another successful year at Token2049 Singapore! This premier conference attracted over 400 key players and innovators from the crypto space, with 20,000+ attendees. Alchemy Pay was proud to be its official sponsor!

SkyPool Lounge & Party, Singapore

Robert McCracken, our ecosystem lead, delivered an exceptional presentation on Alchemy Pay at the vibrant SkyPool Lounge & Party hosted by NEAR Protocol during Token2049 Singapore.

InnoBlock2024, Singapore

Robert McCracken, our ecosystem lead, shared expertise on securing digital assets at #InnoBlock2024 in Singapore. Joining the panel on best practices for management and custody, his insights shone a light on the future of asset security!

Discord Community AMA, October

Ecosystem Lead Robert McCracken joined our Community AMA this month and answered your latest questions about Alchemy Pay’s progress and the wider crypto development. Don’t miss the next one in October!

Discord: discord.gg/alchemypay

Community Contests & Quizzes

Alchemy Pay Telegram Community Gaming Event

Embark on a thrilling gaming experience with the game and aim for the top to win fantastic prizes! The 5 top players will share 2500 $ACH, join at https://t.me/alchemy_official

Telegram Crypto Challenge

Ready for a crypto challenge? The Alchemy Pay Crypto Quiz to win 2500 $ACH! The quiz has 3 stages, with 2 questions each on Oct 14, 16, and 18. Accumulate the most points to claim the prize. Join the next one! TG: https://t.me/alchemy_official

The Halloween Hunt

A spooktacular word search quiz for a share of our Halloween prize pool!

The Alchemy Pay Zealy Quest Challenge is ON!

Dive into daily tasks with your crew, earn XP, and climb the leaderboard for even bigger rewards! Get in the game now: https://zealy.io/cw/achcommunity/questboard Learn more here:

Show Off Your Emoji Skills!

This contest provided a chance to express your brand love in emojis and win big in our Alchemy Pay’s Emoji Challenge! It involved crafting a brand-related message using emojis and sharing it on our Telegram channel http://t.me/alchemy_official. Join the fun and showcase your creativity!

Halloween Pumpkin Chase with Binance and Alchemy Pay

Join the Halloween Pumpkin Chase with Alchemy Pay and Binance! Complete the product tasks, enjoy spooky fun and exclusive rewards! Take advantage of an exclusive 20% Bonus Tiered APR on $ACH. Don’t miss out — join the event now and celebrate Halloween the $ACH way!

Monthly Invite Contest

Our monthly contest time at Alchemy Pay! We invited you to join our Monthly Invite Contest to earn incredible rewards while growing our community! Bring your friends along for a chance to win big! Top 5 winners shared 100U $ACH

Don’t miss the next one: https://t.me/alchemy_official

Learn More

Try Alchemy Pay On & Off-Ramp

Try our On & Off Ramp to buy and sell crypto and local fiat currencies today

https://ramp.alchemypay.org/

Enquiries for Plugin & API Integration

Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via the website https://alchemypay.org/contact

Follow Alchemy Pay

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Alchemy Pay
Alchemy Pay

Written by Alchemy Pay

Alchemy Pay (ACH) bridges fiat and crypto global economies through a real-world payment system and mainstream-friendly access to web3 services. Alchemypay.org

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