Alchemy Pay has announced a groundbreaking partnership with Mastercard to enhance security and user trust within the crypto payment landscape. This collaboration leverages Mastercard’s cutting-edge identity verification solutions to streamline user registration and combat fraudulent activities effectively.
At the heart of this partnership lies Mastercard’s robust account opening solution, powered by advanced machine learning algorithms. This technology enables Alchemy Pay to distinguish between genuine users and potential fraudsters during the application process, thereby bolstering risk management and platform security.
This integration of Mastercard’s account opening API marks a significant advancement for Alchemy Pay across its diverse product suite. From On & Off-Ramp solutions to NFT Checkout and its Crypto Card Solution, every facet of Alchemy Pay’s offerings will now benefit from heightened security measures.
With a global presence spanning 173 countries and supporting over 50 fiat currencies, Alchemy Pay has established itself as a pivotal player in mainstream fiat-crypto accessibility. Its expansive payment network encompasses more than 300 channels, accommodating a wide array of global payment methods, regional mobile wallets, and local bank transfers.
Moreover, Alchemy Pay’s proactive approach in securing Authorized Payment Institution licenses across key jurisdictions— including recent approvals in the UK—underscores its leadership in the crypto payment sector. This regulatory foresight positions Alchemy Pay uniquely to deliver secure, compliant, and seamless payment solutions that bridge the gap between traditional finance and the rapidly evolving realm of crypto and Web3 services.
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