Cryptocurrency payment platform Alchemy Pay is making strides to expand its payment options and offer enhanced deposit channels across Europe and the United Kingdom. To this end, the platform has integrated the Euro Instant solution, Single Euro Payments Area (SEPA) Instant, and Faster Payments in the UK.
This move by Alchemy Pay allows users across 30 European countries and the UK to buy up to 5,000 euros (or 5,000 British pounds) in cryptocurrency with swift processing times. This transaction limit caters to varying user preferences and financial needs.
Alchemy Pay already supports 300 fiat payment channels across 173 countries, and aims to further streamline crypto transactions for its European user base. In addition to SEPA Instant and Faster Payments, the platform also supports the Polish Blik payment system, Bancontact, Skrill, and more.
Moreover, Alchemy Pay is dedicated to upholding regulatory standards, emphasizing the completion of Know Your Customer (KYC) checks for users in the European markets. The company is actively obtaining licenses in various regions, including recent acquisitions in the United States, Indonesia, and Lithuania.