Easy Crypto Purchase in Europe Through Open Banking with Alchemy Pay

Alchemy Pay
3 min readAug 1, 2024

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Alchemy Pay, the world’s leading crypto payment solutions provider, has broadened its payment options across 29 European countries on its On-Ramp service. The pan-European payment network includes 200+ major banks, local banks, and e-wallets, which deliver effortless and secure EURO-to-cryptocurrency for users, especially in European countries.

Supported Countries and Currencies

The open banking payment option supports transactions in EUR and is available to users in 29 European countries. The supported countries are as follows: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Extensive Banking Network

Alchemy Pay’s open banking integration connects with over 200 major banks and numerous local banks across Europe. This includes renowned bank institutions and key players such as N26, BNP Paribas, HSBC, Deutsche Bank, UniCredit, Swedbank, popular e-wallet like Revolut, as well as local banks like DSK Bank (Bulgaria), Zagrebačka Banka (Croatia), Danske Bank (Denmark), Société Générale (France), and SEB (Sweden), etc.

Enhancing User Experience with Open Banking

This expansion allows users in these countries to enjoy faster, more secure, and more convenient fiat-to-crypto transactions through a robust network of trusted banks. By leveraging these open banking options, Alchemy Pay provides a streamlined process that enhances the user experience, offering a straightforward way to purchase crypto while building confidence among users who prefer to transact through their established banking relationships. Alchemy Pay is making it simpler than ever for users across Europe and Brazil to participate in the crypto economy.

Expanding Global Access to Cryptocurrencies

With continually growing payment networks, enhanced payment capabilities, and user-friendly interfaces, Alchemy Pay is dedicated to simplifying the onboarding process and encouraging the widespread adoption of cryptocurrencies. Boasting an expansive payment network across 173 countries, Alchemy Pay provides access to an impressive selection of over 300 fiat payment channels. By the end of 2024, Alchemy Pay aims to support all crypto-accessible countries with its On-ramp service, making it easier for users around the world to purchase crypto effortlessly.

Notably, both Visa and Mastercard have formally authorized Alchemy Pay as a third-party payment service provider. Demonstrating a strong commitment to regulatory compliance, Alchemy Pay has proactively obtained various licenses in diverse countries and regions, encompassing but not limited to the United States, the UK, Canada, Indonesia, and Lithuania. These regulatory milestones have positioned Alchemy Pay to promote global crypto adoption effectively.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

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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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