Cryptocurrency exchange MEXC global has partnered with Alchemy Pay in order to integrate its crypto-fiat onramp, providing an upgraded service to its more than six million users.
The partnership will lead to far easier adoption of crypto by current and potential exchange users, given that they can now deposit fiat directly onto the MEXC exchange with their credit and debit cards.
According to John Tan, CEO of Alchemy Pay:
"Our partnership with MEXC Global is a significant milestone in mitigating the gap between cryptocurrency and fiat to drive overall crypto adoption in the European region. This is a win-win situation. Experienced investors have an easier way to invest funds in crypto, while MEXC Global can now target crypto-curious investors with no crypto holdings."
Additionally, MEXC’s token $MX, will be integrated into the Alchemy Pay payment gateway, leading to a further use case for the tokens, in that they can also be used as payment by the Alchemy Pay merchants and partners network.
The MEXC exchange is currently completing 4.1 million transactions per second for the 6 million users from over 70 countries worldwide. Independently hosted server clusters based in Singapore and South Korea are able to provide enhanced security and data integrity.
Alchemy Pay boasts the world’s first hybrid fiat and digital currency gateway. The Alchemy Pay platform provides seamless crypto and fiat payments for merchants, developers and financial institutions.
It operates in 18 countries and regions and accesses 2 million merchants through its partnerships with Shopify, Arcadier, QFPay, and others.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.