Crypto payment company Alchemy Pay adds SEPA deposits in Europe

Cryptocurrency payment platform Alchemy Pay is expanding its payment options in Europe and the UK by integrating new on-ramps – or new ways to buy crypto.

Alchemy Pay has introduced new deposit options, including a Euro Instant solution, Single Euro Payment Area (SEPA) Instant and a UK Instant Money Transfer option, including Instant Payments.

Announcing the news on Nov. 29, he said the new payment options aim to simplify buying cryptocurrencies like Bitcoin (BTC), allowing transfers to be processed in “seconds and a few minutes.”

With SEPA Fast, European Alchemy Payments customers can purchase up to 5,000 euros ($5,460) in cryptocurrency, while Fast Payments has a transfer limit of up to 5,000 British pounds ($6,320). These two new channels are accessible to users in 30 European countries and the UK after completing Know Your Customer checks.

In the UK, European SEPA Fast and Express payments join supported local payment channels such as the Polish Blick payment system, Bancontact, Skrill and others.

“This move will strengthen Alchemy Pay's payment network across Europe, reaching new markets and expanding its reach,” the announcement said.

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According to the announcement, Alchemy Pay currently supports 300 fiat payment channels in 173 countries, mainly in Southeast Asia. The platform is expanding its payment services globally and has recently added new licenses in the United States, including the states of Iowa and Arkansas.

In February 2023, Alchemy Pay was also licensed in operating markets such as Indonesia and Lithuania.

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