Global payments giant Mastercard has added a new altcoin to its service providers. The partnership will help provide fiat-to-crypto launchers to all cryptocurrency platforms in the industry.
This altcoin is listed as a Mastercard service provider
Mastercard, one of the world’s leading payment technology companies, announced its strategic partnership with Alchemy Pay. The collaboration aims to facilitate the integration of cryptocurrencies into payment processes. Alchemy Pay is now officially on Mastercard’s list of service providers. In this way, a payment solution is offered where users can spend their crypto money securely and quickly.
In the official announcement, “AlchemyPay has been recognized as Mastercard’s compliant registered service provider. As part of the Mastercard trusted network, we pave the way for wider adoption of cryptocurrencies globally through trusted fiat payment.”
📢#AlchemyPay has earned recognition as a Mastercard's compliant registered service provider. Being part of #Mastercard trusted network, we are paving the way for wider adoption of cryptocurrencies globally through reliable fiat payment.
Learn more: https://t.co/QKQcLYPiGH$ACH pic.twitter.com/zyKGD0vSNF
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 21, 2023
Mastercard SDP Compliant Registered Service Provider List enrollments reflect companies that are registered as service providers and have received formal approval of compliance. Like Alchemy Pay, each Mastercard customer is responsible for complying with Mastercard rules and other standards for registering as a service provider. This list is full of other well-known companies like Amazon, Google, and JP Morgan.
Alchemy Pay especially came to the fore in January of this year. Accepted by Visa, another major player in the traditional payments industry.
Alchemy Pay (ACH) price rises by double digits
ACH price gained more than 12% after the announcement. In the same time frame, the overall market was bullish, including BTC and ETH.
Press releases
“Mastercard has been a key component in the success of our global payments network,” said Robert McCracken, Alchemy Pay Ecosystem Leader. We are now more global than ever, bridging the fiat and crypto economies in 173 countries around the world. Our involvement in the Mastercard SDP Program demonstrates our commitment to operate within the confines of regulatory frameworks. Ultimately, it is the consumer who benefits from seamless access to Blockchain finance through global payment standards like Mastercard.”
Mastercard’s global network facilitates payments across a range of strategic partners in more than 200 countries and regions. There are currently 1.55 billion Mastercard holders worldwide. This significant number of users gives Alchemy Pay an advantageous position to serve it more effectively.
About Alchemy Pay
As a payment provider, Alchemy Pay enables crypto and Web3 adoption by people around the world using their preferred payment method. It’s not just limited to Mastercard and Visa. It also means GooglePay, ApplePay and hundreds of local wallets and wire transfers. Today, 173 countries and 50+ currencies are supported by our fiat-to-crypto payment gateway. The company is committed to simplifying the crypto adoption process and paving the way for wider crypto adoption. cryptocoin.comWe have included the recent collaborations of the company on this page.
