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Alchemy Pay, the crypto-fiat gateway solution to launch virtual crypto cards with Visa and Mastercard support

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3 years ago

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Alchemy Pay, the crypto-fiat gateway solution to launch virtual crypto cards with Visa and Mastercard support

Alchemy Pay, the hybrid crypto-fiat gateway solution, announces Virtual Crypto-Linked Cards (“Virtual Cards”). With the launch of this card, the adoption of crypto will increase in the payment sector.

This virtual card will have the support of 40 cryptocurrencies including Bitcoin. The card can also be linked to digital wallet services like Google Pay and Paypal.

Also, they will be able to make payments across millions of merchants on the Visa and Mastercard network, including popular eCommerce platforms such as Amazon and eBay.

According to the announcement, “Development of Alchemy Pay’s virtual card services has since been completed and is currently undergoing beta testing in multiple key markets.”

“The company expects the virtual card services to be fully launched at the end of 2021 or early 2022.”

Last week Binance, the world’s largest cryptocurrency exchange by trading volume partnered with Alchemy Pay to build a payment bridge between crypto and fiat through the Binance Pay wallet.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.