Alchemy Pay, a provider of fiat and cryptocurrency payment solutions, is preparing to launch a Web 3.0 digital bank.
This new initiative aims to provide global Web 3.0 businesses with a compliant and efficient way to manage multiple fiat accounts, streamline cash flow, and facilitate conversion between fiat and cryptocurrencies. The purpose is
Inspired by Ripple’s cross-border payments model, the Web 3.0 digital bank addresses critical challenges in managing cross-border payments and fiat transactions.
With existing licensing and compliance capabilities, including Singapore’s Digital Payment Token (DPT) license, alchemy pay The company said it is well positioned to offer online payments and banking solutions within the regulatory framework.
Integrating the company’s LAMP products into banking platforms enables seamless fiat and cryptocurrency conversion within a single account.
This new banking product will allow businesses to manage multiple fiat accounts and convert fiat to cryptocurrency through one platform.
Initially, the bank will support the Euro and the US Dollar, allowing easy transitions between these currencies, and balances can be instantly transferred to stablecoins such as USDT and USDC.
Alchemy Pay continues to build a broad Web 3.0 payments ecosystem by integrating licensing resources and global compliance credentials.
The company aims to expand alternative payment methods and introduce products that meet various market needs.
With over 440 business partners, including notable companies like Polygon, Stellar, and OKX, Alchemy Pay has made the world of cryptocurrencies accessible to millions of people.
Recently, Alchemy Pay invested LaPay UK Ltd holds an Authorized Payment Institution license which is regulated by the FCA.
The company Partnered We have partnered with Victory Securities in Hong Kong to provide crypto asset trading and advisory services, particularly for new Bitcoin and Ether spot ETFs.
Featured image credit: Edited from freepic
