- Alchemy Pay integrates its virtual card service with Samsung Pay for seamless cryptocurrency usage.
- Users can use cryptocurrency to make purchases from retailers such as Amazon and Netflix.
- The integration simplifies setup and expands Alchemy Pay’s supported payment platforms.
Alchemy Pay announced that it is integrating its virtual card service with Samsung Pay. This development will allow users to seamlessly spend their cryptocurrency holdings through Samsung’s contactless payment platform.
This new feature follows a similar integration with Google Pay just a few weeks ago and is set to improve convenience for the growing number of users looking to utilize digital currency in their everyday transactions.
Alchemy Pay expands cryptocurrency payment options.
The integration of Alchemy Pay and Samsung Pay aims to strengthen the utility of the virtual card service, which already boasts more than 500,000 users.
This integration is part of a broader strategy to capitalize on the growing demand for cryptocurrency payment solutions among mainstream consumers. With this integration, Alchemy Pay users can now make purchases online and in-store at a variety of supported retailers, including popular platforms like Amazon, Netflix, eBay, and the Apple Store.
Alchemy Pay, a Singapore-based cryptocurrency payment service provider founded in 2017, has seen significant growth, with over one million registered users on its platform. This partnership will allow users to easily link their Alchemy Pay virtual card to Samsung Pay to transact using cryptocurrency assets.
This development is in line with the trend of integrating cryptocurrency payment solutions into existing digital wallet services, giving users additional flexibility and spending options.
The announcement also highlighted Alchemy Pay’s ambitions to further expand its services. The spokesperson said the company expects integration with Samsung Pay to increase demand for its products, especially from indirect users who can engage with the service through partnerships and collaborations.
This strategy highlights Alchemy Pay’s commitment to improving access to cryptocurrency payments and bridging the gap between traditional finance and digital currencies.
Samsung Pay’s Alchemy Pay virtual card
To use the Alchemy Pay virtual card with Samsung Pay, you must first check card compatibility on the Alchemy Pay website. Once confirmed, you can add your card to the Samsung Pay app and start trading cryptocurrency almost immediately.
This streamlined setup process is designed to make it easier for users to adopt cryptocurrency payments without facing technical issues.
In the future, Alchemy Pay plans to continue expanding its supported payment platforms with the goal of full integration with major card networks such as Visa, Mastercard, and American Express. Through this, Alchemy Pay seeks to further solidify its position as a leader in the cryptocurrency payment field by providing users with powerful and flexible payment solutions in line with the evolving digital financial environment.
This integration with Samsung Pay is a pivotal step in making cryptocurrency more accessible to a wider audience in response to the growing appetite for innovative payment options in today’s digital economy.