Alchemy Pay rolled out its new fiat payment solution in Brazil, integrating directly with the country’s PIX instant payments network. The integration enables users to deposit and withdraw Brazilian reais (BRL) in real time on participating crypto platforms through the same PIX system already used for everyday bank transfers.
The official announcement reads, “With this integration, users can now deposit funds via PIX and withdraw the same way, bringing seamless, real-time fiat payment capabilities to crypto platforms.” PIX was launched by the central bank in 2020, and it is now used by more than 76% of the population through mobile apps, QR codes, or PIX keys.
LBank is one of the first exchanges to use this setup, handling BRL deposits and withdrawals through PIX inside its own system. The change is expected to shorten settlement times and lower payment friction for users.
Regulatory approvals fuel global rollout
The announcement also reveals that Alchemy Pay is expanding the same model to other regions through regulatory approvals. Over the past year, Alchemy Pay has added several key licenses, including money transmitter approvals in parts of the United States and securities-related permissions in Hong Kong.
It also holds regulatory clearance in the United Kingdom, Switzerland and South Korea, allowing it to operate within local compliance rules as it expands to new regions.
In early October, Alchemy Pay formed an exclusive partnership with MiCA-licensed ZBX Group to support fiat infrastructure in Europe under the new regulatory framework. Separately, in April, the company received approval in Arizona after securing a Money Transmitter License from the state regulator.
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