Cryptocurrency payment platform Alchemy Pay is scaling its payment options by integrating new on-ramps \u2014 new ways to buy crypto \u2014 in Europe and the United Kingdom.<\/p>\n
Alchemy Pay has introduced new deposit options, including the euro instant solution, Single Euro Payments Area (SEPA) Instant, and the U.K. fast money transfer option, Faster Payments.<\/p>\n
Announcing the news on Nov. 29, Alchemy Pay stated that the new payment options aim to simplify purchasing cryptocurrencies like Bitcoin (BTC), enabling transfers to be processed in \u201cseconds to a few minutes.\u201d<\/p>\n
With SEPA Instant, European Alchemy Pay customers can buy up to 5,000 euros ($5,460) in cryptocurrency, while Faster Payments has a transfer limit of up to 5,000 British pounds ($6,320). These two new channels are accessible to users in 30 European countries and the U.K. after completing Know Your Customer checks.<\/p>\n
Europe\u2019s SEPA Instant payments and Faster Payments in the U.K. join a range of supported local payment channels, such as the Polish Blik payment system, Bancontact, Skrill and others.<\/p>\n
\u201cThis move further amplifies Alchemy Pay\u2019s payment network throughout Europe, surpassing emerging markets and broadening its influence,\u201d the announcement states.<\/p>\n