Alchemy Pay Set to Expand U.S. Footprint With Zero Hash Partnershipby Fintech News Singapore January 31, 2024
Alchemy Pay, a fiat-crypto payment gateway, has partnered with crypto infrastructure platform Zero Hash to expand its operations in the United States.
This collaboration focuses on enhancing Alchemy Pay’s payment capabilities in the U.S. market, allowing users to utilise Automated Clearing House (ACH) transactions for crypto purchases.
The integration of Zero Hash’s full-stack API with Alchemy Pay’s On-Ramp is a strategic move aimed at strengthening Alchemy Pay’s presence in the U.S. Zero Hash’s platform, which includes regulatory licensing and identity verification capabilities compliant with U.S. standards, facilitates seamless ACH bank transfers for crypto purchases.
Zero Hash supports over 50 digital currencies across 22 blockchains and has processed transactions totaling over US$15 billion. Its comprehensive API solution has been utilised by industry leaders, including Stripe, to manage technical and regulatory complexities in the crypto domain. The platform’s operations extend to 221 countries, with compliant access to 51 U.S. jurisdictions, demonstrating its reliability and regulatory adherence.
Alchemy Pay operates in over 173 countries and supports more than 50 fiat currencies. The company offers over 300 global payment channels, including major services like Visa, Mastercard, Apple Pay, and Google Pay, as well as local mobile wallets and domestic transfer services.
The company has licenses in various markets, including the U.S., Canada, Indonesia, and Lithuania.
“As a leader in providing technical and regulatory crypto infrastructure, Zero Hash is delighted to have been selected by Alchemy Pay to power their crypto on-ramp in the US, leveraging ACH payments.
Zero Hash shares the same DNA and mission as Alchemy Pay, to connect fiat and crypto economies. We are proud that leading Web 3.0 companies, like Alchemy Pay, choose to build their crypto programs on top of our stable, flexible and compliant crypto infrastructure.”
said Mark Daly, SVP Growth at Zero Hash.
“Our expansion of services and licensing in the USA has been complemented by Zero Hash’s own licenses and technical expertise.
This partnership ultimately provides our US ramp users with the ability to use domestic ACH transactions for speed, efficiency, and security when purchasing digital assets.”
said Robert McCracken, Ecosystem Lead at Alchemy Pay.
Featured image credit: Edited from Freepik