Alchemy Pay, a leading cryptocurrency payment provider, has announced the integration of its virtual crypto cards with Samsung Pay, offering users an additional seamless way to spend their crypto. This move comes just weeks after Alchemy Pay successfully integrated with Google Pay in September.
The new Samsung Pay integration allows 500,000 users of Alchemy Pay’s virtual card to make payments using their crypto both in-store and online at retailers that support Samsung Pay. The update provides users access to platforms such as the Apple Store, Amazon, Netflix, Facebook, eBay, and even ChatGPT Plus.
Announcing the partnership on October 8, Alchemy Pay highlighted the growing demand for its virtual card service. ”We already have one million registered users on our ramp platform and 500,000 crypto card users. We expect significant demand from indirect users through this integration,” a spokesperson for Alchemy Pay told Cointelegraph.
This collaboration with Samsung Pay, a widely used mobile payment and digital wallet service, further enhances Alchemy Pay’s reach in the cryptocurrency payment space. The company aims to scale its platform by continuing to integrate with major payment networks, including Visa, Mastercard, and American Express.
Founded in Singapore in 2017, Alchemy Pay has been making strides in enabling fiat-to-crypto transactions. In 2023, the company rolled out Apple Pay support, allowing users to purchase crypto with fiat currencies such as the U.S. dollar and euro.
As cryptocurrency adoption grows, partnerships like this between Alchemy Pay and Samsung Pay signal a broader acceptance of digital assets in everyday transactions, giving users more flexibility and convenience when spending their crypto.
Featured image from: cointelegraph.com