Binance established a partnership with a crypto-fiat firm Alchemy Pay. This partnership will allow Binance Pay users to pay P2P crypto-fiat transactions easily.
Binance Exchange is the biggest crypto exchange by volume in the crypto industry. Binance is expanding their business despite scrutiny issues by regulators & banks of many countries.
On Tuesday, Binance announced their partnership with Alchemy Pay. Alchemy will help the Binance platform with their crypto-fiat integrated system.
The new partnership will enable Binance pay users and merchants to pay & accept payments with 40 supported crypto assets such as Bitcoin and Ether in 18 countries.
Alchemy Pay platform was founded in 2018. They are running their service as a payment gateway globally in 65 countries. They are supporting around 300 fiat-crypto pair currencies through their services.
It should be notice here, Shopify, software technology firm Arcadier, mobile payment service provider QFPay and few Other companies are in partnership with Alchemy Pay. And this partnership will allow Binance Pay platform to use the partners of Alchemy Pay. So this partnership will allow Binance Exchange to spread a high level impact in payment industry with Binance Pay.
AlchemyPay also runs their own native token “ACH”. ACH is Ethereum based coin and it is currently traded at the rate of $0.024 at the time of writing this article. And it is around 100% up over 24 hours because of the partnership announcement.