Alchemy Pay token price spikes 67% following support for Google Pay Alchemy Pay token price spikes 67% following support for Google Pay
Alchemy Pay's support for Google Pay will allow Android phone users to purchase crypto directly with their bank cards.
1 min read
Updated: Feb. 20, 2023 at 12:45 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Leading fiat-crypto payment gateway Alchemy Pay has announced its support for Google Pay — allowing Android phone users to purchase crypto directly with their bank cards.
Following the announcement, Alchemy Pay’s native token (ACH) surged up to a local high of $0.04 — recording a 67% gain in the last 24 hours.
ACH has sustained an uptrend in recent times — recording a 180% gain in the 7-day time frame and a cumulative of 270% over the last 30 days, according to CryptoSlate data.
Support for Google Pay
The surge in ACH is linked to Alchemy Pay’s move to expand its reach of the mobile wallet market with the new support for Google Pay, according to a Feb. 20 announcement.
Alchemy Pay had earlier inched support for Apple Pay, hence the support for Google Pay will allow iOS and Android phone users to easily purchase crypto via the app with their bank cards.
On Google Pay, Alchemy Pay will provide support for purchasing crypto using the following fiat currencies: USD, EUR, KRW, SGD, AUD, TWD, TRY, CAD, JPY, AED, NZD, and HKD.
Beyond Google Pay and Apple Pay, Alchemy Pay also supports payments in Mastercard and Visa across 173 countries.
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Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Alchemy Coin (ACOIN) is the utility token of Alchemy ecosystem, participating in the governance in different capacities in the two stages – training period and application period.