SINGAPORE, Aug. 13,
2024 /PRNewswire/ -- Alchemy Pay, the world-leading
fiat-payment gateway, has announced a partnership with Mesh, the
modern connectivity layer for crypto that makes
payments and deposits seamless. Alchemy Pay has integrated the Mesh
API into its crypto payment solution, enabling users
to purchase goods and services at online and offline merchants
using crypto funds from exchanges and wallets. This
connectivity with exchanges and wallets is made possible by Mesh's
technology.
This partnership expands users' crypto payment
options beyond direct transfers, crypto cards, and
Web3 crypto wallets. Now, users can leverage the
balances in their exchange accounts, such as Coinbase,
and their wallets, like MetaMask, as a payment method across
various spending scenarios like online shopping, booking flights
and hotels, offline power bank lending services, and with any other
merchant that supports Alchemy Pay.
The Mesh partnership will make the asset transfer experience
more seamless, intuitive, secure and efficient for Alchemy Pay
users. Importantly, for security purposes, the Mesh platform
neither touches assets nor stores any user personally identifiable
information, so users can have peace-of-mind about the security of
their assets and personal information.
Mesh facilitates secure and streamlined crypto
deposits, payments, and on-ramping from over 300 leading exchanges
and wallets. Its connectivity has fostered major partnerships,
including those with MetaMask and the Sui Network. Last January,
Mesh secured a $6.5 million
investment from PayPal Ventures, with $5
million of the investment made in PYUSD and transferred
on-chain using the Mesh API.
"We are thrilled to partner with Mesh to enhance our
crypto payment solutions," said Robert McCraken, the Ecosystem Lead at Alchemy
Pay. "This collaboration allows us to offer our users more
flexibility and convenience in using their crypto
assets, ensuring a seamless and secure payment experience across
various platforms. Together with Mesh, we are committed to driving
innovation and expanding the possibilities of crypto
payments across various platforms and services."
"Alchemy Pay has been instrumental in bridging the gap between
fiat and crypto," said Bam Azizi, CEO and Co-Founder
of Mesh. "We are thrilled about this partnership with Alchemy Pay
to further enhance the payments process and work towards our shared
goal to provide a much better experience for crypto
users across the globe."
Alchemy Pay remains committed to its fundamental mission to
bridge the fiat and crypto global economies. It
operates an extensive network of over 300 payment channels across
173 countries and regions, supporting 50+ fiat currencies and
offering diverse payment methods, including Visa, Mastercard, Apple
Pay, Google Pay, and local mobile wallets and transfers. This
partnership with Mesh further enhances Alchemy Pay's ability to
simplify crypto asset usage through its
crypto payment solutions.
About Mesh
Founded in 2020, Mesh aims to build an open, connected, and
secure crypto ecosystem. As the modern connectivity
layer for crypto, Mesh unlocks new use cases such as
crypto payments and payouts, deposits, on and
off-ramping, transfers, and more within a unified platform. With
over 300 integrations, Mesh is pioneering the creation of a
connected and embedded crypto ecosystem that benefits
both businesses and users. For more information, visit
https://www.meshconnect.com.
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About Alchemy Pay
Founded in Singapore in 2017,
Alchemy Pay is a payment gateway that seamlessly connects
crypto with traditional fiat currencies for
businesses, developers, and end users. With its offerings including
On & Off Ramp, Crypto Card, Web3 Digital Bank,
Crypto Payments and NFT Checkout, Alchemy Pay supports
payments in 173 countries.
The Ramp is a one-stop solution to buy and sell
crypto and fiat, easily integrated by platforms and
dApps according to requirements. The
Crypto Card solution empowers businesses and token
issuers to provide users with branded virtual and physical cards
for instant global spending. Additionally, our Web3 Digital Bank
supports Web3 enterprises by providing multi-fiat accounts and
instant fiat-crypto conversion capabilities. The
crypto payment solution enables merchants to accept
crypto payments globally, while allowing users to
conveniently spend their crypto assets for everyday
purchases. ACH is the Alchemy Pay network token on the
Ethereum blockchain.
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SOURCE Alchemy Pay