Alchemy Pay has partnered with DWF Labs, a web3 investment firm, to expand its payment business in the Korean market.
The partnership has secured $10 million in funding to capitalize on the region’s high level of cryptocurrency acceptance and assist Korean enterprises in achieving greater internationalization.
Alchemy Pay has partnerships with major payment channels like Visa, Mastercard, Discover, Diners Club, Google Pay, and Apple Pay, as well as local mobile wallets and domestic transfer options.
The company has over 300 local alternative payment channels, extending its reach beyond traditional credit cards. Alchemy Pay has established an extensive coverage area encompassing Europe, Northern and Latin America, and Southeast Asia.
Founded in Singapore in 2018, Alchemy Pay is a payment gateway that connects crypto and global fiat currencies for businesses, developers, and users.
Its Ramp Solution is integrated with platforms and dApps, providing an easy onramp from fiat currency to crypto.
The company supports payments from 173 countries and offramps in 50+ local fiat currencies. ACH is the Alchemy Pay network token on Ethereum and BNB Chain.
This article first appeared on AsiaTechDesk.com