Crypto News

Alchemy Pay ties up with Mastercard for ‘NFT Checkout’

Alchemy Pay has partnered with Mastercard to bring “NFT Checkout” a direct payment method for digital artwork.

The company intends the integration to improve access to the NFT market by improving how users interact with digital artworks.

A Medium post announcing the news noted that Mastercard has a presence in more than 210 countries and 1.554 billion debit cards in circulation – suggesting significant potential for NFT adoption.

Alchemy Pay said that businesses can benefit through the ready-made solution. At the same time, users will have a convenient, mainstream way to purchase non-fungible items – especially those who may not be crypto-savvy.

“It significantly reduces the hassles associated with long and inconvenient cryptocurrency purchases and transactions.”

As of press time, ACH’s seven-day performance saw a 10.2% increase. However, in the last 24-hours, the coin declined by 1.8% to $0.02966.

Nonetheless, at the current price, ACH is still down 85.1% from its all-time high of $0.198666 achieved on Aug 6, 2021.

alchemy pay on a roll

The company recently posted its May update detailing several stories. Main attractions include:

  • Adding new payment channels in New Zealand and Australia through the POLi and PayID payment apps.
  • A mention from Harvard, whose crypto payments review found Alchemy Pay to be one of the leading fiat-crypto bridges.
  • The project’s ramp service has a UI update.
  • Its off-ramping service now supports 22 currencies including USD, EUR, GBP and JPY.

Posted in: adoption, NFTs, partnerships, Payments author Samuel Wan Analyst at CryptoSlate

Samuel Wan, a finance professional turned full-time crypto content creator, values ​​personal autonomy and personal freedom in his pursuits.

Editor Zaim Shoaib Zuberi Editor at Crypto Slate

Influenced by business, finance, DeFi and crypto editor Zaim holds a degree in business and finance. His 14-year career in financial journalism spans sectors such as banking, finance, insurance and technology.

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