Alchemy Pay, a leading crypto payment provider, has recently integrated its virtual card with Samsung Pay, Samsung’s contactless payment tool, to make cryptocurrencies more accessible. This new feature allows Alchemy Pay’s virtual card users to spend their crypto holdings at millions of locations worldwide, including popular retailers like Amazon, Netflix, Apple Store, Facebook, and eBay. By adding their card to the Samsung Pay app, cardholders can easily start using it for everyday transactions. This partnership with Samsung Pay complements the existing Google Pay option, giving Alchemy Pay cardholders more flexibility in crypto spending.
Founded in 2017, Alchemy Pay has over 1 million users in 173 countries and more than 500,000 cardholders. The company has been expanding its services to include support for popular digital payment platforms. In 2023, Alchemy Pay integrated Apple Pay into its fiat-to-crypto on-ramp, allowing users to purchase crypto using their Apple devices. This integration enabled users to buy crypto with fiat currencies directly through the Apple Pay app, making it convenient and accessible for non-U.S. users as well. Additionally, in June 2024, Alchemy Pay partnered with Scroll, a Layer-2 Ethereum scaling solution, to allow users access to stablecoins like Tether (USDT) and USD Coin (USDC) through their platform, supporting over 50 fiat currencies.
Further expanding its services, Alchemy Pay announced in August 2024 the expansion of its on-ramp service to 29 European countries. Users in these countries can now conduct euro-to-crypto transactions using Alchemy Pay’s open banking integration. The company has partnered with over 200 major banks and numerous local banks across Europe, including well-known institutions like N26, BNP Paribas, HSBC, Deutsche Bank, UniCredit, Swedbank, Revolut, and more. This partnership aims to provide European users with a seamless and secure way to access cryptocurrencies through their banking systems.
The integration of Alchemy Pay’s virtual card with Samsung Pay marks another milestone in making crypto payments more mainstream and accessible to a wider audience. With the ability to spend crypto at millions of locations worldwide and popular online retailers, Alchemy Pay cardholders can now use their digital assets in the same way as traditional money. This move towards enabling crypto spending through mainstream payment tools like Samsung Pay and Google Pay is expected to drive further adoption of cryptocurrencies and bridge the gap between traditional and digital financial systems.
Alchemy Pay’s ambitious plans for expanding its payment options include integrating with other major card networks like Visa, Mastercard, American Express, and more. By providing users with a variety of payment choices and enhancing accessibility to cryptocurrencies, Alchemy Pay aims to simplify the process of using digital assets for everyday transactions. The company’s partnerships with leading technology and financial institutions, coupled with its wide user base across multiple countries, position it as a key player in the evolution of crypto payments and the mainstream adoption of digital currencies.
In conclusion, Alchemy Pay’s partnership with Samsung Pay and its continuous efforts to expand its payment options reflect the company’s commitment to making cryptocurrencies more accessible and convenient for users worldwide. With a focus on integrating with popular payment platforms and scaling solutions, Alchemy Pay is paving the way for seamless and secure crypto transactions. As the digital asset space continues to evolve and gain mainstream acceptance, Alchemy Pay remains at the forefront of driving innovation and promoting the use of cryptocurrencies in everyday payments.
