Paysafe, Alchemy Pay team to improve global crypto payments 

Paysafe has announced a strategic partnership with Alchemy Pay, a leading fiat-to-crypto payment solution provider.

The integration allows users in 130 countries to purchase cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) using over 40 fiat currencies.

The collaboration aims to enhance Alchemy Pay’s offerings for cryptocurrency exchanges, Web3 companies, and other crypto businesses by integrating Paysafe’s payment products.

In the first phase of the partnership, Alchemy Pay has integrated Paysafe’s Skrill and NETELLER digital wallets, as well as a variety of third-party local payment methods, into its Fiat On-ramp solution.

Paysafe’s open banking solution in the UK and 15 other European countries enables cryptocurrency purchases to be paid directly into a bank account.

Expansion details

This partnership significantly expands Alchemy Pay’s payment solution, providing more options for crypto partners and customers and reducing transaction friction.

The integration of LPMs, which are well-known in certain markets, combined with the global reach of Skrill and NETELLER, aims to minimise abandoned transactions and improve the payment experience.

Micah Kershner, Senior Vice President of Crypto and Digital Assets at Paysafe, noted the large user base of Skrill and NETELLER and their popularity among crypto holders.

“We are delighted to partner with Alchemy Pay, which has a global footprint like Paysafe,” said Kershner. “The large user base of Skrill and NETELLER wallets and their popularity among crypto holders, combined with the integration of local payment methods, will power Alchemy Pay’s Fiat On-ramp with more payment options.”

In the second phase of the partnership, expected to go live later this year, Alchemy Pay will integrate additional Paysafe payment options in other regions of the world.