- Alchemy Pay integrates Euro Instant solutions, SEPA Instant and Faster Payments.
- SEPA Instant allows European users to purchase up to €5,000 worth of cryptocurrency.
- Faster Payments in the UK allows transfers of up to 5,000 British pounds.
Cryptocurrency payments platform Alchemy Pay has strengthened its payments infrastructure, introducing new deposit options across Europe and the UK.
The platform integrates the Euro Instant solution, Single Euro Payments Area (SEPA) Instant and Faster Payments in the UK to simplify cryptocurrency trading for users in 30 European countries and the UK with fast processing times and defined transaction limits.
Improved accessibility and transaction flexibility
Alchemy Pay’s move to integrate its various on-ramps in Europe and the UK is a significant step forward in expanding its payment options and providing enhanced deposit channels in Europe and the UK.
With the addition of the Euro Instant solution, SEPA Instant and Faster Payments, Alchemy Pay aims to simplify the process of purchasing cryptocurrencies such as Bitcoin for its European user base.
Alchemy Pay users in Europe can now seamlessly engage in cryptocurrency transactions with the introduction of SEPA instant and fast payments. SEPA Instant allows users to purchase up to 5,000 euros ($5,460) of cryptocurrency, while Faster Payments in the UK allows transfers of up to 5,000 British pounds ($6,320). These transaction limits are designed to meet a variety of user preferences and financial needs.
Alchemy Pay’s global expansion
Alchemy Pay’s recent move to support SEPA instant and fast payments in Europe is consistent with its overarching strategy of expanding its payment network.
The platform, which already supports 300 fiat payment channels in 173 countries, is actively expanding its services globally.
In addition to SEPA instant and fast payments, Alchemy Pay continues to strengthen its support for a variety of local payment channels, including Poland’s Blik payment system, Bancontact, Skrill, and more. This diversity provides users with a variety of options, giving them the flexibility to choose their preferred payment method.
To maintain regulatory standards, Alchemy Pay emphasizes completing Know Your Customer (KYC) checks for users in European markets. This commitment to regulatory compliance is consistent with the company’s strategy to acquire licenses in a variety of geographies, including recent acquisitions in the United States, Indonesia, and Lithuania.