Alchemy Pay Broadens Crypto Buying Options with New European Local Payment Channels

Alchemy Pay has recently taken steps to improve the user experience for its customers in Europe by integrating several European local payment channels. Among these are Bancontact in Belgium, iDeal in the Netherlands, and globally accessible payment channels like Skrill and Neteller, which now enable crypto purchases via the Euro. Additionally, Alchemy Pay supports the use of PLN for purchasing cryptocurrencies through the widely used Poland local e-wallet, BLIK.

Alchemy Pay Broadens Crypto Buying Options with New European Local Payment Channels

This update is aimed at making the process of buying crypto more convenient and accessible to European users. With a broader selection of payment options, users can now choose the method that best suits their needs and availability. Moreover, the integration of local payment channels results in higher success rates and reduced transaction fees, ultimately lowering the overall payment costs.

As the EU’s vision of a unified digital market progresses, several local payment channels within Europe cater to diverse needs. Neteller and Skrill, based in the United Kingdom, are globally recognized online payment providers serving millions of account holders worldwide. In Belgium, Bancontact enjoys widespread acceptance due to its partnerships with major banks, including KBC, Belfius Bank, and Fortis Bank. The Netherlands boasts iDEAL, a homegrown payment method that allows customers to conduct online transactions using their bank credentials. Meanwhile, BLIK has emerged as the leading mobile payment method in Poland, seamlessly integrated into banking applications across all major Polish banks and gaining immense popularity in the region.

Founded in 2017 and headquartered in Singapore, Alchemy Pay is committed to offering crypto on and off-ramp solutions, positioning itself ahead of competitors, particularly in emerging markets. With a strong focus on developing regions, Alchemy Pay has gained substantial advantages, bolstering its presence in Latin America (Brazil, Mexico, Argentina, etc.) and Southeast Asia (Indonesia, Philippines, Thailand, Malaysia, etc.). Alchemy Pay has successfully acquired numerous compliance licenses in various countries and regions globally, including the United States, Canada, Indonesia, Lithuania, and more. Notably, Alchemy Pay has gained recognition from major payment giants Visa and Mastercard and has officially been listed as an authorized payment service provider.