Press Release Singapore, January 12, 2023. Fiat Crypto Payment Gateway’s Alchemy Pay and its co-founder and majority shareholder, Sean Shih, were officially recognized byForbes January 11, Web3 Innovation Pioneer award. The Singapore-based payment solutions provider has pioneered new payment systems at the cutting edge of modern fintech – convenient payments that seamlessly enable the transfer of funds between traditional fiat and cryptocurrencies – with major research and development centers across Asia.
After its founding in 2018, Alchemy Pay became the number one crypto payment system in Southeast Asia; in 2022, Alchemy Pay moved to a d2c solution for the first time. Itson and off ramp and NFT checkoutwere all launched in Q3 and Q4 of last year. Since the initial launch, constant upgrades and innovation have resulted in a well-rounded suite of services that satisfy newcomers and surprise crypto natives. From large exchanges to small and specialized token issuers and dApps, platforms across the Web3 space have integrated ramp services (plugins or APIs).
The Forbes Award recognizes the company’s pioneering work in fintech/crypto. Forbes picks entrepreneurs, investors, and contributors to open source projects and the crypto ecosystem who have made significant contributions to the development of Web3, “finding examples of value creation by innovative companies in the Web 3.0 space and demonstrating that the current Web 3.0 wave is forming a higher level of autonomy We aim to do this.”
Shawn Shi commented:“We are very pleased that our work in the payments space has been recognized by the industry. The range of possibilities is wide and our team is constantly pushing the envelope. We have proven time and again that any settlement scenario and any customization is possible. I am extremely proud of our team and 2023 will continue to expand our vision.”
Alchemy Pay ended the year by integrating with Arbitrum, the world’s largest ethereum scaling layer 2, going live with Apple Pay and becoming an official service provider by Visa. Its success is due to the team’s tremendous working knowledge of legacy finance and blockchain technology. The foundation of the ramp is a network of payment processors, acquirers, exchanges, dApp developers, and blockchain. This is no small task. The team has a wealth of talent and expertise and has managed to avoid direct contagion from the recent crypto market downturn and scandals.
Alchemy Pay supports MasterCard and Visa in 173 countries and supports large banking systems such as SEPA in Europe. But where the team is at the forefront of invention is in its unparalleled coverage of emerging markets such as SEA and Latin America. In these emerging markets, locally based mobile wallets have become a large part of the payments market, and with Alchemy Pay, users will be able to buy and sell crypto with them. As a result, crypto platforms and services will be able to access markets that are out of reach around the world.
Shawn Shi offered his thoughts on the coming year.” In 2023, there will be no stopping us. This year we will be launching an app that will be a one-stop store for users who want to feel the full power and scope that Web3 and crypto can offer. We are building for the long term.”
Follow Alchemy Pay
This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or its affiliates or services. or for any damage or loss caused or alleged to be caused, directly or indirectly.
Image credits: Shutterstock, Pixabay, Wiki Commons