Binance Pay integrates Alchemy Pay’s token $ACH.

Binance Pay integrates Alchemy Pay’s token $ACH, opening up a variety of possibilities for users to leverage $ACH across a wide range of financial activities.

With a base of over 12 million active individual users, Binance Pay has emerged as a powerhouse in digital payments, facilitating over $120 billion in transactions over the past three years. The versatility of the platform is highlighted by the fact that it accepts over 80 cryptocurrencies, the latest addition being $ACH.

This integration comes in response to the growing demand for a variety of payment options and reflects a broader trend to integrate cryptocurrencies into real-world scenarios.

Integrating $ACH into Binance Pay paves the way for users to seamlessly engage in everyday transactions, including online and offline shopping, peer-to-peer transfers, fundraising, and donations.

By leveraging Binance Pay’s extensive merchant network, users can now leverage their $ACH holdings to purchase anything from a cup of coffee to electronics at both physical stores and online platforms such as Travala.com, CryptoRefills, and Coinsbee.

This collaboration between Alchemy Pay and Binance Pay highlights their shared vision of simplifying cryptocurrency payments for everyday users and promoting widespread adoption of cryptocurrencies.

This move is also consistent with Alchemy Pay’s commitment to obtain regulatory licenses related to payments and financial services in multiple jurisdictions to ensure user security and compliance with regulatory standards.

In particular, Alchemy Pay’s recent achievements in securing remittance and financial services licenses in Arkansas and Iowa demonstrate its commitment to regulatory compliance and building trust within the industry. Additionally, we have been officially recognized as a trusted third-party payment provider by Visa and Mastercard, further strengthening our position as a leading payment service provider in the cryptocurrency industry.

In addition to Binance Pay integration, Alchemy Pay also collaborated with Binance Pay to launch its own mini app, “Crypto Card”, on the Binance Marketplace. This innovative service allows users to engage in global shopping using cryptocurrency from numerous popular brands, including Chat GPT Plus, Apple Store, Amazon, Google Pay, Netflix, Ebay, and Walmart. Including $ACH in these different scenarios will further amplify its real-world applications and improve its utility for users around the world.

Also read: Unprecedented surge in real-world Web3 use cases in 2023: Alchemy Report