Alchemy Pay Integrates with Samsung Pay for Seamless Crypto Payments

Alchemy Pay Integrates with Samsung Pay for Seamless Crypto Payments

Alchemy Pay a leading crypto payment provider has taken significant strides in enhancing the accessibility of cryptocurrencies by integrating its virtual card with Samsung Pay on October 8. This integration allows users of Alchemy Pay’s virtual card to utilize their crypto holdings for purchases at millions of locations globally including both online shopping and in-store transactions at popular retailers like Amazon Netflix Apple Store Facebook and eBay.

To utilize this feature Alchemy Pay cardholders can easily add their virtual card to the Samsung Pay app enabling them to make everyday purchases with cryptocurrency just as they would with traditional currencies. This development marks a notable advancement in facilitating crypto payments for everyday transactions making it easier for consumers to spend their digital assets.

The partnership with Samsung Pay complements Alchemy Pay’s existing integration with Google Pay providing cardholders with greater flexibility in managing and spending their cryptocurrencies. Alchemy Pay's virtual card offers a user-friendly solution allowing individuals to convert their digital assets into fiat currency for seamless transactions.

According to the company’s press release on October 8 Alchemy Pay is committed to expanding its payment options further by integrating with additional major card networks including Visa Mastercard and American Express among others. This expansion reflects the company's ambition to enhance the usability of cryptocurrencies across various payment platforms.

Founded in 2017 Alchemy Pay has grown significantly amassing over 1 million users in 173 countries and exceeding 500000 cardholders. The company has consistently expanded its services to support popular digital payment platforms enhancing the overall user experience for crypto transactions.

In 2023 Alchemy Pay successfully integrated Apple Pay into its fiat-to-crypto on-ramp allowing users to purchase cryptocurrencies directly through their Apple devices. This feature enables users to buy crypto using fiat currencies such as the US dollar and euro providing a straightforward and accessible method for acquiring digital assets. Notably this integration has also been extended to non-US users enhancing global accessibility.

In June 2024 Alchemy Pay announced a partnership with Scroll a Layer-2 Ethereum scaling solution facilitating users' access to stablecoins Tether (USDT) and USD Coin (USDC) through Alchemy Pay’s platform. Currently the platform supports over 50 fiat currencies demonstrating Alchemy Pay’s commitment to providing diverse payment options.

Additionally in August this year Alchemy Pay expanded its on-ramp service to 29 European countries allowing users in these regions to conduct euro-to-crypto transactions through the company’s open banking integration. This expansion was made possible through partnerships with over 200 major banks and numerous local institutions across Europe including renowned banks like N26 BNP Paribas HSBC Deutsche Bank UniCredit and Swedbank.

With these developments Alchemy Pay is positioning itself as a leading player in the crypto payments space fostering the adoption of digital currencies in everyday transactions and enhancing user convenience across various platforms.