Binance is providing its users with the opportunity to make payments in Shopify, Arcadier, and Alchemy Pay.
Through crypto-to-fiat integration, Binance has been able to rapidly expand crypto payments. Binance Pay and Alchemy Pay affiliation enabled peer-to-peer payments for more than 2 million merchants worldwide, as announced by Alchemy Pay on Twitter yesterday.
Alchemy Pay is partnering @Binance to drive acceptance of Binance Pay across merchants of our partners such as Shopify, QFPay and other major merchant networks.
For more info:https://t.co/Xm2PmchJPC
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) August 3, 2021
Binance Pay issued in March 2021 is the payment division of Binance that enables its users to carry out and receive payments globally.
The affiliation makes it possible for users in 18 countries to make payments in Bitcoin (BTC) and Ethereum (ETH) among 40 supported cryptocurrencies. Binance users will be able to make payments to partners of Alchemy Pay such as Shopify, Arcadier, and QFPay, and Huobi among others.
Alchemy Pay operates in 65 countries with over 300 channels of fiat and crypto payments since 2018. The firm’s Alchemy Pay (ACH) Ethereum based token has experienced a hefty increase of 1,680% in the last two weeks. Last week Coinbase officially listed Alchemy Pay (ACH). In 24 hours since yesterday, the token has incurred a 100% increase and is now trading at $ 0.024.
With a wide network of merchants, Hong Kong-based furniture giant Pricerite, Canada’s footwear company Aldo, Midwest Global Asia, and Cé La Vi- the Singapore-based company represent the biggest merchants.
Excited about the latest partnership with Binance, John Tan, Alchemy Pay CEO stated that it provides an excellent opportunity for expanding the practical applications among fiat and crypto due to the ever-increasing crypto market value which was significantly lower in the beginnings of Alchemy Pay.
Also read: The Bitcoin Market Remains Unfazed by the US Crypto Tax Proposal