Alchemy Pay Update | January & February 2022
Partnerships with global payments companies NIUM and Paytend, integrations with the leading blockchain networks, Algorand and alongside progress for our white label solutions as our crypto-linked Mastercards were used across Europe and Asia. We’ve also become official partners with a top Spanish football team, Real Betis, minted our first limited edition NFTs, and had our billboards lighting up the streets of New York, Paris, London, and Tokyo. The year started with the world’s largest exchange, Binance, choosing our ACH token as its first new listing of 2022 and reaching the milestone of 100K Followers on Twitter!
ACH on Binance Exchange, and Many More
The world’s largest exchange, Binance, chose to make ACH it's the first listing of 2022. That was followed by listings on Bybit, AscendEX, CoinEx, WazirX, SimpleHold, Onus, LAToken, XT.com, BitUniverse, and TokoCrypto.
Read more about the Binance listing on Binance
The partnership represents major progress for Alchemy Pay, as we can now leverage NIUM’s huge global coverage and swiftly payout funds to clients at significantly lower costs in the 190+ countries and territories where NIUM operates. In addition, NIUM has 11 licences in regions such as the United Kingdom, Europe, USA, Singapore, Hong Kong, and Australia, which further extends Alchemy Pay’s reach into these key financial markets.
Read more at Yahoo Finance
Our partnership with the Europe-based digital bank, Paytend means that Alchemy Pay’s client crypto services, such as exchanges and investment platforms, will now offer users to pay directly in euros. Presently, most crypto service providers only accept US dollars and users paying in euros incur hidden foreign exchange fees when the euro-to-dollar conversions take place. Our Paytend partnership reduces forex friction for both businesses and consumers in Europe.
Learn more at bitcoin.com
Algorand Integrates Alchemy Pay’s Crypto On-Ramps
Algorand is collaborating with us to enable Algorand to set up crypto on-ramps which will provide users with direct, mainstream-friendly access. This will promote growth of the Algorand ecosystem. The collaboration also means Algorand’s $ALGO token is now supported by our global merchant network for real-world payments on and offline.
Learn more on pymnts.com
Alchemy Pay Commercials in New York, London, Paris, and Tokyo
Lighting up the sky across the world! Starting on February 14 we ran a series of giant billboard video commercials across Times Square and the NASDAQ Tower in New York, Canary Wharf in London, La Defense in Paris, and Shibuya Crossing in Tokyo. In keeping with Valentine’s Day we created a love-themed video in gratitude to the ACH community and on the following days ran our “Times Change, So Does Money” commercial.
Real Betis Sponsorship
Real Betis, currently 3rd place in La Liga and in the Europa League knockout stages announced its partnership with us. The new partnership kicked off with a 2–1 home win for Betis against Mallorca on Sunday, February 20. During the game, Alchemy Pay’s sponsored displays surrounded the pitch. The official partnership will bring ongoing global brand exposure to Alchemy Pay during Betis’ home matches, including upcoming fixtures with Barcelona and Atletico Madrid. Alchemy Pay will also receive exclusive merchandise and player-created items.
Learn more: 90min.com
ACH Bridged to Binance’s BNB Smart Chain (BSC)
ACH is now available on BNB Smart Chain as a BEP-20 token. We worked in collaboration with cross chain swap protocol Multichain to bridge ACH (previously only available as an ERC20 token on the Ethereum blockchain) to Binance Smart Chain to provide more flexibility for ACH users.
MakerDAO Dai Support
MakerDAO’s US dollar-pegged stablecoin, Dai, is now supported for use on Alchemy Pay’s hybrid fiat-crypto network. This enables Dai to be accepted for merchant partners in over 70 countries. Dai is a decentralized and collateral-backed cryptocurrency that provides people around the world with the opportunity to resist hyperinflation. MakerDAO has built a transparent and efficient system that aims to improve current financial structures and serve the public good.
To learn more go to Cointelegraph
100,000 Twitter Followers!
In January this year, we reached the milestone of 100k followers on Twitter. The ACH community has grown nearly threefold in the past year alone. The network effect is taking hold!
Increased Partnership with MEXC Exchange
After beginning a partnership with MEXC Global in August last year, we are now providing them with multiple pay-in and pay-out methods for their users in Japan, Korea, and Indonesia. Among other things, the partnership will allow Indonesian users to withdraw funds to bank accounts and will enable the depositing of funds via Visa and Mastercard in Japan and Korea.
Read more at AMBCrypto
White Label Crypto-Linked Mastercards
Our white label services allow client businesses to create, manage and distribute branded virtual and physical Mastercard and Visa cards that are linked to their users’ crypto accounts. Mastercard and Visa are accepted in every nation in the world. In February, we successfully tested Alchemy Pay’s crypto-linked Mastercard cards in parts of Europe and Asia.
Watch the crypto-linked card in action on Twitter
ACH Staking and Rewards
To celebrate the recent listings of ACH we collaborated with Binance, Bybit, AscendEx and PancakeSwap all offered promotional staking and rewards. We also worked with the new social platform Bit.Store to offer ACH staking and airdrop to receive their STORE token.
Read about ACH staking on Binance
Cointelegraph Research: Valuing a Crypto Payment Token
ACH and Alchemy Pay were featured in a new report by Cointelegraph that valued payment tokens based on the potential market size of each token’s relevant use cases and the actual rate of actual adoption. It outlined Alchemy Pay’s advancements and showed it has only penetrated around 0.2% of relevant applications, suggesting that ACH is still at the very early stage of adoption, and projecting a price of $0.92 by 2024.
Read the Cointelegraph article and download the full report here
The Blockchain Infrastructure Alliance has invested in Gemini as part of BIA’s wider investment scheme that promotes the expansion of decentralized technology and communities. As the founder of BIA (along with networks such as Avalanche, Polygon, NEAR, Algorand, and NEO), Alchemy Pay has played a role as a major liquidity provider in the investment that was done via Draper Dragon.
Read more on AMBCrypto
Lesotho, Sudan and Botswana Crypto Initiatives
Over the past months, representatives from Alchemy Pay have held initial meetings with ambassadors and government officials of Lesotho, Sudan and Botswana. These were exploratory discussions to see about possibilities for future collaboration towards the growth of the crypto industry in these nations. Although cryptocurrency still tends to be focused on as an investment class, there are regions of the world where blockchain technology offers solutions to very real financial problems.
Read more on Medium
CEO John Tan AMA with Polygon on Twitter Spaces
Alchemy Pay’s CEO, John Tan recently did an audio AMA with Polygon Twitter Space. It was a great platform to hear what Alchemy Pay is currently working on, about recent successes and challenges, and how the year ahead is shaping up.
To understand our business and our mission listen to the Polygon AMA on Twitter