On November 6, 2021, Alchemy Pay’s Chief of Staff, Karmen Tang, delivered her keynote address at the Epicenter Crypto Conference in Lisbon.
Tang took the audience through a brief history of Alchemy Pay and the broad ecosystem they have now built within blockchain infrastructure. The founders of Alchemy Pay come from giants of traditional payments such as Mastercard, QFPay, PayPal, and Tencent. “Experience, expertise and networking have all been key to what Alchemy Pay does. That gives us that edge over others in the crypto payment space,” said Tang.
Significant Network Growth
In the past year, Alchemy Pay has achieved significant growth and secured new partnerships including access to PayPal payment channels in Q4 of 2020, and to Visa and MasterCard payment channels earlier this year.
Today, Alchemy Pay is in over 60 countries, and provides over 200 payment channels for fiat and crypto acceptance. The industry still faces a lack of real-world use cases and in order to solve this Alchemy Pay functions as a bridge to enable transactions between crypto and fiat.
Tang went on to explain that Alchemy Pay’s payment ecosystem is divided into four main categories: Customers and consumers; merchants and institutions; transaction service providers; and software technology developers. These are some of the different areas of blockchain infrastructure that Alchemy Pay has been able to bring together.
Over the past year, Alchemy Pay has established partnerships with Shopify and Binance and this summer their ACH token was launched on Coinbase, which led to a 150-fold increase in value. ACH is now also supported by Gemini, Crypto.com, Poloniex, CoinOne, and Changelly. Their social media community has also increased substantially, growing to over 200,000 followers across Twitter, Telegram and Reddit.
Tang also revealed that Alchemy Pay has
