Alchemy Pay teams up with Mastercard for ‘NFT Checkout’ 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.

Alchemy Pay teams up with Mastercard for ‘NFT Checkout’

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.
Mentioned in this article