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.
Latest Alchemy Payment Stories
Alchemy Pay Receives License From Central Bank Of Indonesia, ACH Increases By 7%
Adoption 3 months ago 1 minute read
Alchemy Pay Token Price Surges 67% After Google Pay Support
Trading 3 months ago 1 min read
Bitcoin Recovers $27,000 After Market Relief: CryptoSlate WMarket Update
Wrapped up 6 hours ago read 3 minutes
Disclaimer: The opinions of our authors are solely their own and do not reflect the opinions of CryptoSlate. Any information you read on CryptoSlate should not be construed as investment advice, nor does CryptoSlate endorse any projects that may be mentioned or linked in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to the content in this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.