Nium helps Crypto-Fiat Gateway Alchemy grow

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Singapore-based payments and card issuance provider Nium and crypto-fiat gateway Alchemy Pay (ACH) have formed a partnership that amplifies the latter company’s global reach.

The two companies announced their collaboration in a press release on Monday (Jan. 10), saying it “represents a major step forward for Alchemy Pay”, which can now deliver funds to customers at much lower costs in more than 190 countries.

“NIUM enables us to provide crypto and fiat acceptance at even more competitive prices and tap into lucrative new markets where we know there is high demand,” said John Tan, CEO of ACH. “This is a big step forward for us: our network now has global coverage and is more attractive than ever. “

ACH, which runs on the Ethereum blockchain, is known for its crypto-fiat hybrid payment platform, which allows merchants to accept popular cryptocurrencies in both online and offline payments “with near instant conversion. instant in the merchant’s local fiat currency “. This system also helps merchants and businesses to accept fiat payments through electronic wallets and credit cards.

Read more: Nium, modern exchange partner on international payments

This is Nium’s second partnership in the past month. In December, the company said it was working with Modern Exchange Co. of Oman. This project will allow Modern Exchange to use the Nium network to connect with correspondent banks around the world, so customers can make payments in real time.

“As the country rapidly moves towards a more digital, transparent and transparent system for processing domestic and international payments, companies like Modern Exchange Co are embracing the adoption of digital payments and looking for trusted partners like Nium to help them with their efforts. global growth strategy, ”the two companies said.

Learn more: Alchemy Pay will offer Virtual Crypto MC, Visa cards

Last year, Alchemy announced plans to launch “crypto-linked virtual cards” which it says are designed to speed up the use of cryptocurrencies in the payments world.

Alchemy Pay virtual cards can be linked to Google Pay, PayPal, and other digital wallets and support over 40 cryptocurrencies. These cards will be accepted by Amazon, eBay, and millions of other e-commerce merchants who accept Mastercard and Visa transactions.

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