SINGAPORE, January 12, 2023 /PRNewswire/ — 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 throughout Asia which has pioneered new payment systems at the edge of modern financial technology: convenient payments that allow seamless movement of funds between 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 complete set of offerings that satisfy newcomers and surprise crypto Native on-ramp services (plug-in or APIs) have been integrated by platforms across the entire Web3 space, from large-scale exchanges to small specialized token issuers and dApps.

The Forbes award recognizes the company’s pioneering achievements in fintech/crypto space. Forbes selected entrepreneurs, investors, open source project collaborators and crypto ecosystems that have made significant contributions to the development of Web 3, saying that they “sought to find cases of value creation by innovative companies in the field of Web 3.0 and to show how the current wave of Web 3.0 is shaping a greater level of autonomy”.

shawn shi commented, “It’s great to receive industry recognition for our work in the payment space. The scope of possibility is wide open and our team is always pushing the envelope. We have proven time and time again that any payment scenario with any Personalization 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 largest company in the world Ethereal scaling layer 2, implementing Apple Pay and becoming an official Visa service provider. His success stems from his team’s significant working knowledge of both legacy finance and blockchain technology. At the bottom 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 experienced talent and also managed to avoid any direct contagion from the recent fallout and scandals from the crypto market.

Alchemy Pay supports Mastercard and Visa in 173 countries, as well as large-scale banking systems like SEPA in Europe. Where the team has been at the forefront of invention, however, is in their unparalleled coverage of emerging markets such as 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 crypto using them. the result is that crypto platforms and services can access hitherto unreachable markets around the world.

shawn shi He set out his thoughts for the coming year: “In 2023, no one will stop us. This year we will see the launch of our application that will be a one-stop-shop for users who want to feel the full power and scope of what Web3 and crypto I 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

SOURCE Alchemy Pay