Alchemy Pay has given over 32,000 stores, mainly in Southeast Asia and North America, the ability to accept cryptocurrency payments from their customers. This is thanks to Alchemy Pay’s new integration with the e-commerce platform builder, AllValue. AllValue is the international branch of Chinese merchant giant, Youzan, a SaaS platform that delivers e-commerce website builder solutions for individuals and businesses.
At a time when the commerce industry is exploring crypto, the new partnership ensures AllValue’s merchant clients will be able to offer customers cutting edge digital payments. Alchemy Pay’s crypto acceptance payment system is already accessible by 2 million+ online and in-store merchants in over 70 countries worldwide. AllValue’s array of services means that brands can unlock the potential of e-commerce and get their products and services to market quickly.
While AllValue’s international platform is growing rapidly, Youzan’s merchants have recorded a total gross merchant volume of over 15 billion USD. Youzan is listed on the Hong Kong Stock Exchange and has, so far, served more than 6 million merchants. The international AllValue platform was launched to help e-commerce businesses quickly build direct-to-consumer (D2C) online stores.
Alchemy Pay will provides a third party payment system that enables online and in-store merchants to accept crypto in a ‘hands-off’ manner i.e. Alchemy Pay accepts the inbound crypto and converts it to the merchant’s local fiat currency.
John Tan, Alchemy Pay CEO: “We are building the infrastructure for merchants and businesses to accept crypto assets around the world. This integration gives AllValue merchants an advantage in the marketplace, accessing new customers, 1% transaction fees, and ultra-fast settlement times.”
Alchemy Pay specialises in providing practical payment solutions that connect up fiat and crypto economies. It’s crypto on/off ramp plugins, 300+ fiat payment channels and token issuers to easily onboard users with local mobile wallets and card payments.
Launched by Youzan Group (08083.HK), AllValue is an all-in-one eCommerce SaaS platform for global brands and retailers to bring their sales and customer services online. Serving over 32,000 global stores, AllValue provides localized solutions for creating websites, mobile stores, WeChat mini programs, and apps in one place.