Alchemy Pay secures $10M from DWF Labs

The crypto payment service provider has already an existing partnership with Visa, Mastercard, Discover, Diners Club, etc.
Alchemy Pay secures $10M from DWF Labs

The bridging platform between fiat and crypto, Alchemy Pay announced its strategic partnership with DWF Labs, a global digital asset market maker to secure $10 million in funding and expand its payment services in Korea.  

After securing $10 million in funding from DWF, Alchemy Pay’s total valuation reached $400 million. In the official announcement, Alchemy Pay unveiled areas where funds will be used, including capitalizing on the region’s high cryptocurrency acceptance and assisting Korean enterprises in achieving greater internationalization.

Alchemy Pay already has big partners on its side such as Visa, Mastercard, Discover, Diners Club, Google Pay, Apple Pay, and so on.  

The payment service provider has also launched an innovation in the NFT space called the “NFT Checkout” service. The platform allows customers to purchase NFT through fiat currency or in their local domestic currency. 

Robert McCracken, the ecosystem lead of Alchemy Pay stated, “Korea offers a robust market base where Alchemy Pay has yet to establish a strong presence, and we aim to establish a solid foothold in the region. By utilizing our payment solutions, more Korean companies can close the division between cryptocurrencies and conventional fiat currencies and to keep pace with global economies.”

Also Read: Alchemy Pay & PT Berkah Digital Obtain License in Indonesia

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