Source: news.google.com
Press release
PRESS RELEASE. Singapore, January 12, 2023: Fiat crypto payment gateway Alchemy Pay and its co-founder and majority shareholder Shawn Shi have been officially recognized by Forbes with the Pioneer of Web3 innovation award on January 11. The Singapore-based payment solutions provider has a major research and development center in Asia that has pioneered new payment systems at the forefront of modern financial technology: convenient payments that enable seamless movement of funds between the traditional fiat currency and cryptocurrency.
After its establishment in 2018, Alchemy Pay became the number one crypto payment system in Southeast Asia. In 2022, Alchemy Pay moved to d2c solutions for the first time. Its on-ramp and NFT payment and on-ramp launched in the third and fourth quarters of last year. Constant updates and innovations since the initial launch have created a comprehensive suite of offerings that satisfy newcomers and wow crypto-natives. Platforms across the Web3 space, from large-scale exchanges to small specialized token issuers and dApps, have integrated on-ramp services (plug-in or APIs).
The Forbes award recognizes the company’s pioneering achievements in fintech/crypto. Forbes selected entrepreneurs, investors, and contributors to open source projects and crypto ecosystems who have made significant contributions to the development of Web3, saying that they “aimed to find cases of value creation by innovative companies in the field of the Web.” 3.0, and show how the current wave of Web 3.0 is shaping a higher level of autonomy.”
Shawn Shi commented: “It’s great to receive industry recognition for our work in the payments space. The scope of possibility is wide open, and our team is always pushing the limits. We have repeatedly proven that any payment scenario with any customization is possible. I am very proud of our team and 2023 will continue to expand our vision.”
Alchemy Pay ended the year by integrating with Arbitrum, the world’s largest Ethereum scaling layer 2, activating with Apple Pay and becoming an official Visa service provider. His success stems from his team’s significant practical knowledge of legacy finance and blockchain technology. The base of the ramp is a network of payment processors, acquirers, exchanges, dApp developers, and blockchains. This has not been a small task; the team has a wealth of talent and experience and managed to avoid any direct contagion from the recent crypto fallout and scandals.
Alchemy Pay supports Mastercard and Visa in 173 countries and large-scale banking systems like SEPA in Europe. Where the team has been at the forefront of invention, however, is in their unparalleled coverage in emerging markets like SEA and Latin America. Local mobile wallets have become a big part of the payment market in these emerging markets, and Alchemy Pay allows users to buy and sell cryptocurrencies with them. The result is that cryptographic platforms and services can access unreachable markets around the world.
Shawn Shi expressed his thoughts for the coming year: “In 2023, nothing will stop us. This year will see the launch of our app, which will be a one-stop-shop for users who want to feel the full power and scope of what Web3 and cryptocurrency can offer. We are building for the long term.”
Follow Alchemy Pay
Website:https://alchemypay.org/
Twitter:https://twitter.com/alchemypay
LinkedIn:https://www.linkedin.com/company/alchemypay/
Medium:https://alchemypay.medium.com/
Youtube:https://www.youtube.com/c/AlchemyPay
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