Alchemy Pay teams up with Mastercard for ‘NFT Checkout’ Alchemy Pay teams up with Mastercard for ‘NFT Checkout’
The partnership will enable direct fiat payment for NFT purchases - improving convenience and NFT market accessibility.
1 min read
Updated: Jun. 2, 2023 at 4:02 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Alchemy Pay has partnered with Mastercard to bring “NFT Checkout” – a direct payment method for digital artwork.
The company intends the integration to improve accessibility to the NFT market, revolutionizing how users interact with digital artwork.
A Medium post announcing the news stated that Mastercard has a presence in over 210 countries and a circulation of 1.554 billion debit cards – suggesting significant potential for NFT adoption.
Alchemy Pay said businesses could benefit through the ready-made solution. At the same time, users would have a convenient, mainstream way to purchase non-fungibles – particularly those who may not be crypto-savvy.
“This significantly reduces the obstacles associated with lengthy and inconvenient cryptocurrency purchases and transactions.”
As of press time, ACH’s seven-day performance saw a 10.2% gain. However, over the last 24 hours, the token fell 1.8% to $0.02966.
Nonetheless, at the current price, ACH is still 85.1% down from its $0.198666 all-time high, achieved on August 6, 2021.
Alchemy Pay on a roll
The company posted its May update recently detailing several stories. Key highlights include:
- The addition of new payment channels in New Zealand and Australia via the POLi and PayID payment apps.
- A mention from Harvard, whose crypto payment review found Alchemy Pay to be pioneering fiat-crypto bridges.
- The project’s Ramp Service has had a UI update.
- Its off-ramping service now supports 22 currencies, including USD, EUR, GBP, and JPY.
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Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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Alchemy is the pioneer of Hybrid Crypto-Fiat Gateway that is bridging the gap between the fiat and crypto economies – driving crypto adoption by making payments, blockchain solutions and DeFI services readily available to everyone.
Mastercard
Mastercard is a leading global payments & technology company that connects consumers, businesses, merchants, and issuers and governments around the world.