Binance Pay has integrated Alchemy Pay’s token $ACH, unlocking a plethora of possibilities for users to utilize $ACH across a wide range of financial activities.
With a user base of over 12 million active individuals, Binance Pay has emerged as a powerhouse in the digital payments space, facilitating transactions exceeding $120 billion over the past three years. The platform’s versatility is underscored by its acceptance of over 80 cryptocurrencies, with $ACH being the latest addition.
This integration comes as a response to the growing demand for diverse payment options and reflects a broader trend towards integrating cryptocurrencies into real-world scenarios.
The integration of $ACH into Binance Pay opens up avenues 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 network of merchants, users can now utilize their $ACH holdings to purchase anything from a cup of coffee to electronics, both in physical stores and online platforms such as Travala.com, CryptoRefills, and Coinsbee.
This collaboration between Alchemy Pay and Binance Pay underscores their shared vision of simplifying crypto payments for everyday users and driving the widespread adoption of cryptocurrencies.
The move also aligns with Alchemy Pay’s commitment to acquiring regulatory licenses related to payment and money services across multiple jurisdictions, ensuring user security and compliance with regulatory standards.
Notably, Alchemy Pay’s recent achievements in securing Money Transmitter and Money Services licenses in Arkansas and Iowa exemplify its dedication to regulatory compliance and building trust within the industry. Furthermore, its official recognition by Visa and Mastercard as a trusted third-party payment provider bolsters its position as a leading payment service provider in the crypto space.
In addition to the Binance Pay integration, Alchemy Pay introduced its own mini-app, “Crypto Card,” on the Binance Marketplace in collaboration with Binance Pay. This innovative offering allows users to engage in global shopping using crypto across a myriad of popular brands, including Chat GPT Plus, Apple Store, Amazon, Google Pay, Netflix, Ebay, and Walmart. The inclusion of $ACH in these diverse scenarios further amplifies its practical applications, enhancing its utility for users worldwide.
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