Alchemy Pay, a payment platform that bridges fiat currencies and cryptocurrencies, announced a partnership with Google Pay allowing Android users to buy crypto directly from their credit card. As a result, the ACH token soared 59% in 24 hours.
Google Pay and Alchemy Pay team up
This Monday, February 20, Alchemy Pay has announced a major partnership with the giant Google Pay. Android smartphone users will now be able to buy cryptocurrencies easily using their fiat currencies (euros, dollars, etc.) directly through Google Pay.
📢ANNOUNCEMENT📢#AlchemyPay Adds Google Pay for On-Ramp Fiat-Crypto Purchases
Our on-ramp now supports Google Pay to allow users to purchase crypto quickly, easily, and securely using their fiat currency funds.
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) February 20, 2023
Notions all the same that Alchemy Pay already supported competitor Apple Paybut the addition of Google Pay will allow the platform to encompass almost all smartphone users in the world (iOS and Android being the two main ones in this sector).
Thus, Alchemy Pay will allow the purchase of cryptocurrencies through 12 different fiat currencies, including dollars, euros or Japanese yen. Besides Google Pay and Apple Pay, the platform also supports Mastercard and Visa payments in 173 countries.
In a nutshell, Alchemy Pay is developing a solution of the type “On Ramp” facilitating the purchase of cryptocurrencies. Since its launch in June 2022, it has been integrated by many Web3 platforms and companies wishing to offer this option to their users.
In the Web3 ecosystem, several major customers have already opted for this solution, starting with Binance, Polygon, Bitcoin.com or even Near Protocol. A development well helped by its ease of implementation: only a few lines of code are enough.
Following the official announcement, the price of the ACH of Alchemy Pay experienced an exceptional growth of 59% over the last 24 hours. Helped by Bitcoin (BTC), the ACH has seen a 180% rise in 7 days and a 270% accumulation in the last 30 days.
👉 Find out how to buy cryptocurrencies in 2023
The gateway to the world of crypto
Buy cryptos in a decentralized way
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.