Paysafe Partners with Alchemy Pay to Expand Its Customers’ Payment Options
Paysafe (NYSE: PSFE) has partnered with Alchemy Pay to expand payment options for crypto purchases. The collaboration integrates Paysafe's Skrill and NETELLER digital wallets into Alchemy Pay's Fiat On-ramp solution, allowing users across 130 countries to buy cryptocurrencies using 40+ fiat currencies. This integration also includes Paysafe's open banking solution in the UK and 15 European countries, enabling direct bank account payments for crypto purchases.
The partnership enhances Alchemy Pay's payment solution by adding local payment methods (LPMs) with high brand recognition in specific markets, particularly in Europe. This expansion aims to reduce payment friction and abandoned transactions for crypto exchanges and Web3 companies. A second phase, expected later this year, will integrate more Paysafe payment options in other markets, including Latin America.
Paysafe (NYSE: PSFE) ha stretto una collaborazione con Alchemy Pay per ampliare le opzioni di pagamento per gli acquisti di criptovalute. Questa collaborazione integra i portafogli digitali Skrill e NETELLER di Paysafe nella soluzione Fiat On-ramp di Alchemy Pay, permettendo agli utenti in 130 paesi di comprare criptovalute utilizzando oltre 40 valute fiat. Questa integrazione comprende anche la soluzione di open banking di Paysafe nel Regno Unito e in 15 paesi europei, facilitando i pagamenti diretti dai conti bancari per gli acquisti di criptovalute.
La partnership migliora la soluzione di pagamento di Alchemy Pay aggiungendo metodi di pagamento locali (LPM) di alta riconoscibilità in mercati specifici, in particolare in Europa. Questa espansione si propone di ridurre le frizioni nei pagamenti e le transazioni abbandonate per gli scambi di criptovalute e le aziende Web3. Una seconda fase, prevista entro la fine dell'anno, integrerà ulteriori opzioni di pagamento di Paysafe in altri mercati, inclusa l'America Latina.
Paysafe (NYSE: PSFE) se ha asociado con Alchemy Pay para ampliar las opciones de pago para compras de criptomonedas. La colaboración integra los monederos digitales Skrill y NETELLER de Paysafe en la solución Fiat On-ramp de Alchemy Pay, permitiendo a los usuarios en 130 países comprar criptomonedas utilizando más de 40 monedas fiat. Esta integración también incluye la solución de open banking de Paysafe en el Reino Unido y 15 países europeos, lo que permite pagos directos desde cuentas bancarias para las compras de criptomonedas.
La asociación mejora la solución de pago de Alchemy Pay al agregar métodos de pago locales (LPM) con un alto reconocimiento de marca en mercados específicos, especialmente en Europa. Esta expansión tiene como objetivo reducir la fricción en los pagos y las transacciones abandonadas para los intercambios de criptomonedas y las empresas Web3. Una segunda fase, que se espera más adelante este año, integrará más opciones de pago de Paysafe en otros mercados, incluida América Latina.
Paysafe (NYSE: PSFE)가 Alchemy Pay와 협력하여 암호화폐 구매를 위한 결제 옵션을 확장합니다. 이 협력은 Paysafe의 Skrill 및 NETELLER 디지털 지갑을 Alchemy Pay의 Fiat On-ramp 솔루션에 통합하여 130개 국가의 사용자들이 40개 이상의 법정 통화를 사용하여 암호화폐를 구입할 수 있게 합니다. 이 통합은 또한 영국과 15개 유럽국가에서 Paysafe의 오픈 뱅킹 솔루션을 포함하여, 암호화폐 구매를 위한 직접 은행 계좌 결제를 가능하게 합니다.
이번 파트너십은 Alchemy Pay의 결제 솔루션을 향상시켜 특정 시장, 특히 유럽에서 높은 브랜드 인지도를 가진 로컬 결제 방법(LPM)을 추가합니다. 이번 확장은 암호화폐 거래소와 Web3 기업의 결제 마찰과 거래 포기를 줄이는 것을 목표로 합니다. 올해 말에 예정된 두 번째 단계에서는 라틴 아메리카를 포함한 다른 시장에서 더 많은 Paysafe 결제 옵션이 통합될 것입니다.
Paysafe (NYSE: PSFE) s'est associé à Alchemy Pay pour élargir les options de paiement pour les achats de cryptomonnaies. Cette collaboration intègre les portefeuilles numériques Skrill et NETELLER de Paysafe dans la solution Fiat On-ramp d'Alchemy Pay, permettant ainsi aux utilisateurs dans 130 pays d'acheter des cryptomonnaies en utilisant plus de 40 devises fiat. Cette intégration inclut également la solution de banque ouverte de Paysafe au Royaume-Uni et dans 15 pays européens, permettant des paiements directs depuis les comptes bancaires pour les achats de cryptomonnaies.
Ce partenariat améliore la solution de paiement d'Alchemy Pay en ajoutant des méthodes de paiement locales (LPM) ayant une forte reconnaissance de marque dans des marchés spécifiques, notamment en Europe. Cette expansion vise à réduire les frictions de paiement et les transactions abandonnées pour les échanges de cryptomonnaies et les entreprises Web3. Une seconde phase, prévue pour plus tard cette année, intégrera d'autres options de paiement Paysafe sur d'autres marchés, y compris l'Amérique latine.
Paysafe (NYSE: PSFE) hat sich mit Alchemy Pay zusammengeschlossen, um die Zahlungsoptionen für Krypto-Käufe zu erweitern. Diese Zusammenarbeit integriert die Skrill und NETELLER digitalen Geldbörsen von Paysafe in die Fiat On-ramp-Lösung von Alchemy Pay, sodass Nutzer in 130 Ländern Kryptowährungen mit über 40 Fiat-Währungen kaufen können. Diese Integration beinhaltet auch die Open-Banking-Lösung von Paysafe im Vereinigten Königreich und in 15 europäischen Ländern, die direkte Banküberweisungen für Krypto-Käufe ermöglicht.
Die Partnerschaft verbessert die Zahlungslösung von Alchemy Pay, indem sie lokale Zahlungsmethoden (LPM) mit hoher Markenbekanntheit in bestimmten Märkten, insbesondere in Europa, hinzufügt. Diese Expansion zielt darauf ab, Zahlungsfriktionen und abgebrochene Transaktionen für Krypto-Börsen und Web3-Unternehmen zu reduzieren. Eine zweite Phase, die noch in diesem Jahr erwartet wird, wird weitere Paysafe-Zahlungsoptionen in anderen Märkten, einschließlich Lateinamerika, integrieren.
- Partnership expands payment options for crypto purchases across 130 markets
- Integration of Skrill and NETELLER digital wallets, serving millions of users globally
- Addition of local payment methods (LPMs) to reduce transaction abandonment
- Planned expansion into Latin American markets
- None.
Insights
The partnership between Paysafe and Alchemy Pay represents a strategic move in the evolving landscape of crypto-fiat transactions. While it's a positive development for both companies, the immediate financial impact may be
Key points to consider:
- Market Expansion: Alchemy Pay gains access to 130 countries and 40+ fiat currencies, significantly broadening its reach. This could potentially lead to increased transaction volumes and revenue growth.
- Diversified Payment Options: The integration of Skrill and NETELLER digital wallets, along with local payment methods (LPMs), should reduce friction in crypto purchases. This may result in higher conversion rates and customer satisfaction.
- Open Banking Solution: The inclusion of Paysafe's open banking solution in the UK and 15 European countries adds another layer of convenience for users, potentially driving adoption.
- Future Growth: The planned expansion into Latin American markets later this year indicates a clear growth strategy, tapping into emerging crypto markets.
However, it's important to note that the partnership excludes the United States, a significant crypto market. Additionally, the financial terms of the deal are not disclosed, making it difficult to quantify the exact impact on either company's bottom line.
For Paysafe (NYSE: PSFE), this partnership aligns with its strategy to expand in the crypto space, potentially diversifying its revenue streams. However, given Paysafe's size, the immediate impact on its stock price may be unless the partnership significantly outperforms expectations.
This partnership between Paysafe and Alchemy Pay is a noteworthy development in the crypto industry, particularly in terms of improving fiat-to-crypto on-ramps. Here's why it matters:
- Ease of Access: By integrating Paysafe's payment solutions, Alchemy Pay is reducing barriers to entry for potential crypto investors. This could lead to increased crypto adoption, especially in regions where traditional banking may be less accessible.
- Regulatory Compliance: The partnership leverages Paysafe's established financial infrastructure, which likely comes with robust compliance measures. This could help address regulatory concerns often associated with crypto transactions.
- Market Liquidity: Easier fiat-to-crypto conversions can potentially increase liquidity in crypto markets, which is important for market stability and growth.
- Cross-Border Transactions: With access to 40+ fiat currencies, this partnership could facilitate more efficient cross-border transactions, a key use case for cryptocurrencies.
However, it's important to note that while this partnership enhances accessibility, it doesn't directly address other challenges facing the crypto industry, such as market volatility or regulatory uncertainties. The exclusion of the U.S. market is also a significant limitation, given its importance in the global crypto landscape.
Overall, this partnership represents a positive step towards mainstream crypto adoption, but its full impact will depend on user uptake and the successful execution of the planned expansions.
Partnership enables Alchemy Pay to access Paysafe’s extensive suite of payment products for consumers to use their fiat funds to purchase crypto across 130 markets
Through a single integration with Paysafe, Alchemy Pay has added Skrill, NETELLER and multiple third-party local payment methods (LPMs) as payment methods for its Fiat On-ramp solution.
Users of Skrill or NETELLER across 130 countries1 can now easily use 40+ fiat currencies to purchase Bitcoin, Ethereum, and other cryptocurrencies through Alchemy Pay’s Fiat On-ramp product. In addition to offering Paysafe’s own digital wallets, Alchemy Pay is also using Paysafe’s open banking solution in the
Alchemy Pay’s Fiat On-ramp product will offer even more options to purchase crypto with the addition of LPMs that have high brand recognition in specific markets, including across
Later this year, the second phase of the partnership is expected to be rolled-out, with Alchemy Pay integrating more Paysafe payment options in other markets, including
“We’re delighted to partner with Alchemy Pay, which like Paysafe has a global footprint,” said Micah Kershner, SVP of Crypto & Digital Assets at Paysafe. “The Skrill and NETELLER wallets’ large user-base and popularity among crypto holders along with integration of local payment methods will power Alchemy Pay’s Fiat On-ramp with more payment options. We’re confident this partnership will enhance the payment experience for crypto exchanges and Web3 companies served by Alchemy Pay, driving their future growth.”
"At Alchemy Pay, we believe easy fiat-crypto onboarding is key to unlocking the true potential of crypto,” commented Robert McCracken, Ecosystem Lead at Alchemy Pay. “Partnering with Paysafe streamlines this process for our users and opens the door to a wider audience, particularly in European countries. Looking ahead, we're excited to leverage Paysafe's expertise to expand into other promising markets like
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1 The partnership does not currently extend to |
About Paysafe
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry leading capabilities in payment processing, digital wallet, and online cash solutions. With over 25 years of online payment experience, an annualized transactional volume of
For further information about Paysafe, please contact:
The Paysafe Press Office via PR@Paysafe.com
About Alchemy Pay
Founded in
The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. The Web3 Digital Bank offers an innovative solution, allowing Web3 enterprises to open multi-fiat accounts and facilitating instant conversion between fiat and cryptocurrencies. ACH is the Alchemy Pay network token on the Ethereum blockchain.
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Source: Paysafe Limited
FAQ
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