Alchemy Pay Bridges Crypto and Fiat with Visa Ramp Partnership

Alchemy Pay, a global leader in bridging fiat and crypto payments, has achieved a significant milestone by registering as a Visa Ramp Provider Program participant. This partnership with Worldpay, a leading payments technology firm, aims to close the gap between the crypto economy and traditional finance.

The Visa Ramp Provider Program is present in multiple regions, including APAC, Europe, the U.S., and Canada. It allows third-party agents to convert fiat currencies to cryptocurrencies such as Bitcoin and Ethereum, and vice versa. This initiative is part of Visa’s push to encourage digital currency adoption worldwide.

With this registration, Alchemy Pay reinforces its role in the fiat-crypto payments space. The company now provides solutions to crypto exchanges, wallets, and merchants, enabling smoother crypto-to-fiat conversions. This allows users to make payments in a more secure and less effortful manner.

Worldpay has been a crucial ally for Alchemy Pay’s endeavors. The partnership, announced in December 2023, allows access to Visa and Mastercard’s payment networks. This gives users the ability to purchase and sell crypto using credit and debit cards. Additionally, Alchemy Pay has been a participant in Visa’s Third Party Agent Program since January 2023, providing payment services to Visa clients.

Alchemy Pay’s CMO, Ailona Tsik, expressed pride in the company’s achievements and emphasized its commitment to expanding crypto payment solutions. The company plans to provide Visa and Worldpay partnerships to more users around the world.

Alchemy Pay has also increased its compliance speed by securing more Money Transmitter Licenses in the US, with the total number now reaching eight. The company is also expanding its regulatory framework in Southeast Asia, Europe, and the UK to comply with global standards.

Alchemy Pay seeks to simplify crypto payments with the help of Visa and Worldpay, fostering increased usage of digital currencies on a global scale. The company continues to innovate, making crypto transactions more accessible for everyone.