Cryptocurrency payment platform Alchemy Pay is expanding its payment options by integrating new portals (or new ways to buy cryptocurrencies) in Europe and the UK.
Alchemy Pay has introduce New deposit options including Euro Instant Settlement, Single Euro Payments Area (SEPA) Instant and UK Express Remittance options for faster payments.
Alchemy Pay announced the news on November 29, noting that the new payment option is designed to simplify the purchase of cryptocurrencies such as Bitcoin (BTC), allowing transfers to be processed in “seconds to minutes.”
Through SEPA Instant, European Alchemy Pay customers can purchase cryptocurrencies for up to €5,000 ($5,460), while Faster Payments has a transfer limit of up to £5,000 ($6,320). The two new channels will be available to users in 30 European countries and the UK after completing Know Your Customer checks.
European SEPA instant and fast payments in the UK join a range of supported local payment channels, such as the Polish Blik payment system, Bancontact, Skrill and more.
“This move further expands Alchemy Pay’s payment network across Europe, beyond emerging markets and broadens its reach,” the announcement stated.
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According to the announcement, Alchemy Pay currently supports 300 legal currency payment channels in 173 countries, most of which are located in Southeast Asia. The platform is actively expanding its payment services globally, recently adding new licenses in the United States, including Iowa and Arkansas.
In February 2023, Alchemy Pay also obtained licenses in Indonesia, Lithuania and other operating markets.
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