- The purpose of the integration is to “connect cryptocurrency with ordinary people”
- Previously, Alchemy Pay was included in the list of Visa payment service providers
- Through partnership, customers can buy NFTs with Mastercard
Singapore-based crypto payment provider Alchemy Pay has been approved and added to the list of registered Mastercard SDP Compliant service providers. Robert McCracken, Alchemy Pay Ecosystem Leader, commented on this integration:
“Our participation in the Mastercard SDP program reflects our desire to act in accordance with the regulatory framework. Ultimately, consumers have seamless access to blockchain finance through global payment standards such as Mastercard.”
Earlier this year, Alchemy Pay was given the opportunity to become a payment service provider for another global player, Visa. This is in line with the main goal of Alchemy Pay, which is to be a bridge that facilitates transactions between fiat currencies and cryptocurrencies.
The main goal of Alchemy Pay is to bring cryptocurrency closer to ordinary people and make it easier to use. The company aims to eliminate the hassle associated with exchanging fiat currencies for crypto assets or even NFTs. Even now that NFTs have become popular, the process of buying them can be confusing. To address these issues, Alchemy Pay is actively working to improve user experience solutions and is also implementing NFT Checkout. This means you can now use Mastercard to purchase NFTs.