Alchemy Pay: Bridging the Global Economies of Fiat and Cryptocurrencies
• The European Parliament approved a new law that requires crypto operators to confirm the identity of their customers to prevent money laundering transactions.
• Alchemy Pay is rapidly growing in the cryptocurrency payment field as a payment solution provider bridging global fiat and cryptocurrencies for users in 173 countries.
• Shawn Shi, the founder of Alchemy Pay was selected as one of the “2022 Forbes China Web 3.0 Innovation Pioneers” for his efforts to make the emerging technology more widely available and provide easier access to financial services for businesses and individuals globally.
European Parliament Passes Crypto Regulation
On April 20th, The European Parliament approved the first comprehensive crypto regulation EU-wide, the Markets in Crypto-Assets (MiCA) and also passed a separate law, the Transfer of Funds regulation, which requires crypto operators to confirm their customer’s identity in order to halt money laundering transactions.
Alchemy Pay Bridging Global Fiat and Cryptocurrencies
In response to this increasing cryptocurrency regulation worldwide, Alchemy Pay is rapidly growing as a payment solution provider bridging global fiat and cryptocurrencies for users in 173 countries. They have established strong partnerships with international payment channels such as Visa, Mastercard, Discover, Diners Clubs, Google Pay, Apple Pay and many local payment channels too. In addition, Shawn Shi was recognized by Forbes China Web 3.0 Innovation Pioneers for his effort towards making this emerging technology more accessible to people all around the world.
World’s First Hybrid Payment Merchant Acceptance System
In 2018 Alchemy Pay released Crypto Payment -the world’s first hybrid payment merchant acceptance system that allows merchants to accept payments in both cryptocurrencies and fiat currencies from their customers. This system acts like a ‘hands off’ system where Alchemy Pay accepts cryptocurrency payments on behalf of merchants then convert them into fiat currency before settling with merchants‘ local currency.
Professionalism & Trustworthiness
The team behind Alchemist Pay has dedicated five years into providing mainstream friendly crypto payment solutions while establishing themselves as professional and serious providers with trustworthiness and accessibility that bridge gaps between traditional finance systems and digital assets across different countries & regions worldwide.
Forbes Recognition For Founder Of Alchemy Pay
Recently Shawn Shi -the founder of Alchemy pay- was selected by Forbes China Web 3.0 Innovation Pioneers for his hard work towards revolutionizing traditional finance through blockchain technology & digital assets globally .