Singapore-based financial technology company Alchemy Pay has partnered with United Kingdom-based payment processor Worldpay. Through this new collaboration, Alchemy Pay users will gain access to Visa and Mastercard payment networks operated by Worldpay, allowing customers to seamlessly purchase cryptocurrencies using their credit and debit cards.
According to Robert McCracken, head of the Alchemy ecosystem, this integration with a mainstream payments gateway positions Alchemy Pay to better facilitate frictionless crypto transactions for partners and users globally. Meanwhile, Worldpay’s Nabil Manji noted alignment in both companies’ goals to bridge traditional finance and the emerging Web3 economy.
Founded in 2018, Alchemy Pay aims to be a fiat-to-crypto onramp, supporting over 50 national currencies through popular platforms like Google Pay and Apple Pay. The company recently introduced rapid settlement solutions for crypto purchases leveraging euros and British pounds.
This Worldpay collaboration comes as Alchemy Pay continues expanding operations in the United States through newly acquired money transmitter licenses in Iowa and Arkansas. It also follows Wordlpay’s parent company Fidelity National Information Services spinning off Worldpay after a disappointing $43 billion acquisition deal in 2019.
