Alchemy Pay, a payment platform bridging fiat currencies and cryptocurrencies, has announced a partnership with Google Pay allowing Android users to purchase cryptos directly from their bank card. As a result, the ACH token climbed 59% in 24 hours.
Google Pay and Alchemy Pay join forces
On Monday 20 February, Alchemy Pay announced a major partnership with the giant Google Pay. Android smartphone users will now be able to purchase cryptocurrencies easily using their fiat currencies (euros, dollars, etc.) directly via Google Pay.
ANNOUNCEMENTAlchemyPay Adds Google Pay for On-Ramp Fiat-Crypto Purchases
Our on-ramp now supports Google Pay to allow users to purchase crypto quickly, easily, and securely using their fiat currency funds.
Read more herehttps://t.co/iwQI0hnTjg$ACH FiatOnRamp pic.twitter.com/qPUzBGiUuy
– Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) February 20, 2023
It should be noted that Alchemy Pay already supported Apple Pay, but the addition of Google Pay will allow the platform to encompass almost all smartphone users in the world (iOS and Android being the two main ones in this sector).
Thus, Alchemy Pay will allow the purchase of cryptocurrencies through 12 different fiat currencies, including dollars, euros or Japanese yen. Besides Google Pay and Apple Pay, the platform also supports Mastercard and Visa payments in 173 countries.
In a few words, Alchemy Pay is developing an on-ramp solution to facilitate the purchase of cryptocurrencies. Since its launch in June 2022, it has been integrated by many Web3 platforms and businesses wishing to offer this option to their users.
In the Web3 ecosystem, several major clients have already opted for this solution, starting with Binance, Polygon, Bitcoin.com and Near Protocol. This development is aided by its ease of implementation: only a few lines of code are required.
Following the official announcement, the ACH price of Alchemy Pay has grown by an exceptional 59% over the last 24 hours. Helped by Bitcoin (BTC), the ACH has risen 180% in 7 days and a cumulative 270% in the last 30 days.