PRESS RELEASE. Singapore, August 3, 2021 – Binance, the world’s largest crypto exchange, has partnered with crypto-fiat hybrid payment solutions provider Alchemy Pay to build a payment bridge between crypto and fiat through the Binance Pay wallet.
Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Launched as beta in February, Binance Pay’s functions allow users and merchants to send and receive crypto payments around the world without incurring special handling fees for using crypto.
Supported by Alchemy Pay’s fiat-crypto integration, Binance Pay is available for both peer-to-peer payments and merchant-based transactions. Users and merchants can choose their preferred options for paying and getting paid with 40+ supported cryptocurrencies.
“Alchemy Pay was founded in 2018 by a team of fiat payment gateway veterans with a shared vision to build a…