For Simple Crypto On-Ramp, Alchemy Pay Will Enable Turkish Bank Transfer

With Alchemy Pay‘s assistance, Turkish customers will be able to easily purchase cryptocurrency via bank transfers.

For Simple Crypto On-Ramp, Alchemy Pay Will Enable Turkish Bank Transfer

The process of buying cryptocurrencies with the regional fiat currency, Turkish lira (TRY), becomes simple and affordable by supporting crypto on-ramp through domestic bank transfers. All of Turkey’s main banks, including Ziraat Bank, Turkiye Isbank, and others, will receive complete support from Alchemy. Users will have the choice to buy cryptocurrencies from their favorite banks without laborious and time-consuming conversion processes.

Alchemy’s Reason for Choosing Turkey

In Europe, Turkey has emerged as a quickly expanding online market where bank transfers are a common option for making local payments. The first half of 2022 saw a significant 103% increase in card payments compared to the same period in 2021, according to data made public by the Interbank Card Center (BKM), with a total payment amount of $80 billion.

With 157.8 million active bank cards, Turkey offers a market with enormous potential. Alchemy is reaching a wider user base and bridging the global divide between traditional and crypto economies by increasing its presence in this burgeoning sector.

About Alchemy Pay

Alchemy‘s network now spans over 300 fiat payment channels in 173 nations, having dramatically increased in size. Giving users more payment options, it expands its capabilities to include domestic bank transfers and local mobile wallets.