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Crypto Payment Provider Alchemy Pay to Launch Virtual Crypto-Linked Card Backed by Visa and Mastercard

Annie Li   Aug 09, 2021 10:05 2 Min Read


   

The leading crypto payment technology provider Alchemy Pay (ACH) announced today that it would launch the Virtual Crypto-Linked card, aiming to expand the scope of cryptocurrency payments to meet the growing demand for crypto-related card transactions.

According to the announcement, Alchemy Pay has completed its virtual card service development process and is undergoing beta testing in several important markets.

Alchemy Pay stated that the virtual card would be integrated with digital wallets such as Google Pay and PayPal and support more than 40 cryptocurrencies, including Bitcoin BTC.

At the same time, the virtual card will also be accepted by millions of merchants using Visa and Mastercard network payments. , Which includes e-commerce platforms such as Amazon and eBay.

The company expects the virtual card service to launch the product at the end of 2021 or early 2022.

In addition, Alchemy Pay indicated that the purpose of launching the virtual card is to provide a set of integrated payment service solutions for target companies and merchants and to provide opportunities for traditional institutions to integrate encryption-related solutions.

As an enterprise providing a convenient, fast, and secure hybrid encrypted fiat currency payment system, Alchemy Pay has established contacts with more than 2 million merchants through cooperation with e-commerce giant Shopify, software technology company Arcadier, mobile payment provider QFPay, etc., in 18 countries and regions.

In cryptocurrency payment, more and more companies are beginning to realise that providing their customers with faster and more convenient payment channels has become one of the core competitiveness.

As reported by Blockchain.News on August 3, CoinJar, a cryptocurrency exchange from Australia, cooperated with the global payment giant MasterCard to launch Australia's first cryptocurrency MasterCard CoinJar Card.

Coinbase also recently announced to provide customers with more payment methods for transactions and allows users to use Apple Pay to purchase cryptocurrency assets on its trading platform. It is expected to integrate with Google Pay in the fall of this year.


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