Alchemy Pay Integrates Google Pay – ACH Skyrockets

Alchemy Pay has announced its integration with Google Pay, enabling users to transact cryptocurrencies directly using their bank cards.

On February 20, the fiat-crypto payment gateway Alchemy Pay revealed support for Google Pay, aiming to simplify and expedite cryptocurrency transactions for users.

From today, Android and iOS users can make crypto transactions using their bank cards. Alchemy Pay now supports payments in USD, EUR, KRW, SGD, AUD, TWD, TRY, CAD, JPY, AED, NZD, and HKD.

Through this partnership, Alchemy Pay aims to expand its mobile wallet market share and enhance the customer experience alongside Google Pay. In addition to Google Pay and Apple Pay, Alchemy Pay also supports Mastercard and Visa payments in 173 countries.

Following the announcement, Alchemy Pay’s ACH token surged over 50% in the past 24 hours, trading at $0.044. Trading volume also saw a remarkable increase of nearly 200% in the same timeframe.

1-hour Chart of ACH/USDT on Binance at 10:15 AM, February 21, 2023

Alchemy Pay is a retail payment system and peer-to-peer transfer service that supports fiat, stablecoins, and other cryptocurrencies within traditional payment systems. Users can utilize ACH for transaction fees on the network and earn tokens when making purchases.

Recently, Alchemy has achieved notable milestones, including a $200 million funding round with a valuation of $10.2 billion in February 2022. Partnerships with platforms such as Astar, Polygon, and Solana, as well as the launch of the Web3 development fund in June 2022, underscore its success.

Alchemy is backed by prominent figures in the crypto industry. Co-founders Nikil Viswanathan and Joseph Lau were among the top crypto billionaires in 2022, each with a net worth of $2.2 billion at the time of the report.