The new payment options could indicate growing crypto acceptance across Europe
Cryptocurrency payment platform Alchemy Pay has introduced new deposit options in Europe and the UK, including Single Euro Payments Area (SEPA) Instant and Faster Payments, the UK fast money transfer option.
In the November 29 announcement, Alchemy Pay noted that the new payment options will simplify buying cryptocurrencies like Bitcoin, enabling transaction processing in “seconds to a few minutes.”
SEPA Instant allows European Alchemy Pay customers to purchase up to 5,000 euros ($5,460) in crypto, while Faster Payments has a transaction limit of up to 5,000 British pounds ($6,320). The new options are available to users in 30 European countries and the UK after completing Know Your Customer checks.
Europe’s SEPA Instant and Faster Payments in the UK are among various local payment channels, such as Bancontact, Skrill and Poland’s Blik payment system.
“This move further amplifies Alchemy Pay’s payment network throughout Europe, surpassing emerging markets and broadening its influence,” reads the announcement. The new solutions give users a more comprehensive range of choices, helping customers complete order payments with higher success.
Alchemy Pay currently supports 300 fiat payment options in 173 countries, primarily in Southeast Asia. It’s vigorously growing its payment service worldwide, recently adding new licenses in the United States, including Arkansas and Iowa. The firm holds licenses in the US and Canada and recently obtained approval in February to operate in markets like Lithuania and Indonesia.
Alchemy Pay was founded in Singapore in 2017 as a payment gateway to connect cryptocurrency with traditional fiat currency for consumers and businesses.
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