Alchemy Pay, a cryptocurrency payment company, has introduced SEPA deposits in Europe to enhance its payment services.

Alchemy Pay Expands Crypto Purchase Options with Euro and UK Payment Solutions

Alchemy Pay, a leading cryptocurrency payment platform, is diversifying its payment options by integrating new on-ramps for purchasing crypto in Europe and the United Kingdom.

The latest development includes the introduction of several deposit options, such as the Euro Instant solution, Single Euro Payments Area (SEPA) Instant, and the Faster Payments option in the U.K. Alchemy Pay aims to streamline the process of acquiring cryptocurrencies like Bitcoin, enabling swift transfers ranging from seconds to a few minutes.

As part of these enhancements, European Alchemy Pay customers utilizing SEPA Instant can now purchase up to 5,000 euros ($5,460) in cryptocurrency, while Faster Payments in the U.K. offers a transfer limit of up to 5,000 British pounds ($6,320). These new channels are accessible to users in 30 European countries and the U.K., subject to completion of Know Your Customer checks.

The addition of SEPA Instant payments in Europe and Faster Payments in the U.K. complements Alchemy Pay’s existing support for various local payment channels, including the Polish Blik payment system, Bancontact, Skrill, and others.

This expansion reinforces Alchemy Pay’s payment network across Europe, extending its reach beyond emerging markets and solidifying its influence, as highlighted in the recent announcement.

Currently supporting 300 fiat payment channels across 173 countries, primarily in Southeast Asia, Alchemy Pay is actively broadening its payment services globally. The platform recently obtained new licenses in the United States, covering states like Iowa and Arkansas. Additionally, in February 2023, Alchemy Pay secured licenses for operations in markets such as Indonesia and Lithuania, further solidifying its presence in the cryptocurrency payment landscape.