SINGAPORE, March 28,
2024 /PRNewswire/ -- Alchemy Pay, the leading global
Web3 payment solution provider, has revealed its investment
in LaPay UK Ltd, a UK-based fintech dedicated to facilitating
international business growth for companies.
Significantly, LaPay holds an Authorised Payment Institution
(API) License in the UK with reference number 914920 and is
regulated by the UK Financial Conduct Authority (FCA). The
strategic investment marks the most recent milestone for Alchemy
Pay, aligning with its aspirations to secure over 20 licenses
globally in key regions such as the U.S., U.K., Hong Kong, Singapore, Australia, and South
Korea.
Gibbs Lvy, Co-Founder of Alchemy Pay, reflected on the
significance of this investment, stating, "LaPay is a fintech
company regulated by the FCA, and this investment marks a crucial
milestone in our global payment licensing strategy. Together, we
aim to provide users with a comprehensive range of Web3 payment
services, including local fiat currency money transfers, and
foreign exchange in the future. Previously, we operated as a
compliant Web3 payment solution provider on a global scale, but
today, our investment in LaPay gives us increased reach and new
opportunities in the UK and global market."
He emphasized, "Innovative fintech firms like LaPay are
reshaping the dynamics between traditional banking, finance,
payments, and Web3. Currently, established financial giants
like PayPal, Visa, Revolut, and others are also venturing into Web3
fintech, marking the beginning of a transformative era in the
global financial payments landscape, where payments, wallets,
custody services, and stablecoins are gradually integrating into
traditional banking, finance, and payment infrastructures."
Alchemy Pay is progressively constructing its comprehensive Web3
payment ecosystem through deep integration of licensing resources
and global compliance credentials, expanding alternative payment
methods (APMs) worldwide to enhance service capabilities, and
introducing diverse payment products to cater to various scenarios.
With its current collection of 6 regulatory licenses spanning 4
continents, by 2024, Alchemy Pay aims to apply and secure over 20
licenses, solidifying its extensive presence worldwide.
About Alchemy Pay
Founded in Singapore in 2017,
Alchemy Pay is a Web3 payment gateway that seamlessly connects
crypto with traditional fiat currencies for businesses, developers,
and end users. With its On & Off Ramp solution, NFT Checkout,
Alchemy Pay supports payments in 173 countries.
The Ramp is a one-stop solution to buy and sell crypto and fiat,
easily integrated by platforms and dApps according to requirements.
The NFT Checkout enables direct purchases of NFTs using fiat
payment methods.
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SOURCE Alchemy Pay