MEXC Partners With Alchemy Pay to Introduce New Payment Options
- MEXC’s European users will be able to deposit fiat to their accounts with credit and debit card transfers.
- The MXC token will be accepted across Alchemy Pay’s merchant and partner network, while MEXC will introduce trading for ACH.
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Cryptocurrency exchange MEXC Global has announced it has partnered with Alchemy Pay to integrate its hybrid crypto-fiat payment gateway. According to a press release published on 6 August, the partnership will enable MEXC to better serve its customers in the European market.
“Our partnership with MEXC Global is a significant milestone in mitigating the gap between cryptocurrency and fiat to drive overall crypto adoption in the European region.” Said John Tan, CEO of Alchemy Pay. “This is a win-win situation. Experienced investors have an easier way to invest funds in crypto, while MEXC Global can now target crypto-curious investors with no crypto holdings.”
The integration will provide fiat on-ramps for MEXC’s European users, enabling them to deposit fiat currencies onto their accounts via credit and debit cards. In addition to that, the partnership will also integrate MEXC’s native MXC token onto Alchemy Pay’s hybrid crypto-fiat payment gateway. This will create more use cases for the token as they will be accepted as a form of payment across Alchemy Pay’s merchant and partner network, the company said.
The MEXC Global exchange will also support trading for Alchemy Pay’s ACH token and is set to introduce margin trading in the following weeks.
- Chainlink Price Feeds will provide Alchemy Pay users with fair exchange rates when trading ACH on DEXs.
- The oracle solution will also enable users to collateralize DeFi loans with ACH.
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- Coinone will now support trading and custody of Alchemy Pay’s ACH utility token.
- The listing will provide the company with a gateway to the South Korean market.
- Alchemy Pay’s virtual crypto-linked cards will support 40 cryptocurrencies and will be accepted across all merchants on the MasterCard and Visa networks.
- The company is considering offering the cards as a full suite white-label service to crypto companies.