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Paysafe Partners with Alchemy Pay to Expand Fiat-Crypto Payment Solutions

Author

Slice of Finance Team
05 Aug

Key Highlights:

  • Paysafe partners with Alchemy Pay to enhance fiat-crypto payment options.

  • Integration of Skrill and NETELLER for broader payment methods.

  • 130 countries can now access 40+ fiat currencies for crypto purchases.

  • Expansion into Latin America expected in the second phase of the partnership.

Source (Business Wire)

Notable Quotes:

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

Micah Kershner, SVP of Crypto & Digital Assets at Paysafe
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"At Alchemy Pay, we believe easy fiat-crypto onboarding is key to unlocking the true potential of crypto. Partnering with Paysafe streamlines this process for our users and opens the door to a wider audience, particularly in European countries. Looking ahead, we're excited to leverage Paysafe's expertise to expand into other promising markets like Latin America, bringing the benefits of crypto to an even larger global community.”

Robert McCracken, Ecosystem Lead at Alchemy Pay

Our Take:

The partnership between Paysafe and Alchemy Pay marks a significant step forward in the integration of fiat and cryptocurrency transactions. By leveraging Paysafe's extensive payment solutions, including the popular Skrill and NETELLER digital wallets, Alchemy Pay enhances its Fiat On-ramp solution, providing users with a more seamless and diversified payment experience. This collaboration not only simplifies the crypto purchasing process for users in 130 countries but also positions both companies for future expansion into promising markets like Latin America. As the demand for crypto continues to rise, such strategic alliances are essential in driving adoption and reducing transactional friction for end-users and businesses alike.