Alchemy Pay Raises $10 Million to Expand Business in South Korea
On April 3rd, Alchemy Pay, a Singapore based cryptopayment service provider, announced that it would complete a $10 million financing with a valuation of $400 million. This round o
On April 3rd, Alchemy Pay, a Singapore based cryptopayment service provider, announced that it would complete a $10 million financing with a valuation of $400 million. This round of financing will be led by DWF Labs and will be used to expand its business in South Korea. （CoinDesk）
Alchemy Pay completed a $10 million financing with a valuation of $400 million, led by DWF Labs
In a recent announcement on April 3rd, Singapore-based cryptopayment service provider Alchemy Pay revealed that it had completed a $10 million financing round with a valuation of $400 million. Led by DWF Labs, the funds raised will be used to expand Alchemy Pay’s business in South Korea. In this article, we’ll take a closer look at Alchemy Pay, its recent financing news and what it could mean for the future of the company and the South Korean crypto market.
Introduction to Alchemy Pay
Alchemy Pay is a global leader in cryptocurrency payment solutions, providing merchants and customers with fast, secure, and cost-efficient ways to conduct transactions. The company offers a range of solutions including payment gateways, point-of-sale systems and mobile applications that support a variety of digital assets.
Breaking Down the Financing Round
According to the announcement, the funding round was led by DWF Labs, a blockchain acceleration fund, and supported by a range of industry leaders, including Chain Capital, Rapyd Capital, and others. This marks the first time that Alchemy Pay has sought external investment since it was founded in 2018.
Why South Korea?
For Alchemy Pay, South Korea represents a significant market with a rapidly growing interest in cryptocurrencies. According to a report by Chainalysis in 2020, South Korea was the third-largest cryptocurrency market in the world, accounting for around 12% of global trading volume. The report also noted that South Koreans were enthusiastic about cryptocurrency, with a higher percentage of the population actively trading digital assets compared to other countries.
What Does This Mean for Alchemy Pay?
With this new funding, Alchemy Pay will be able to expand its crypto payment services into South Korea, offering merchants and customers an easier, faster, and more secure way to use digital assets for daily transactions. Alchemy Pay offers a unique solution that caters to the needs of both merchants and consumers, offering a seamless experience that integrates directly with existing payment infrastructure.
What Does This Mean for the South Korean Crypto Market?
Alchemy Pay’s expansion into the South Korean market could have a significant impact on the broader adoption of cryptocurrency in the region. By providing a fast, secure, and easy way to conduct transactions, Alchemy Pay could help to bridge the gap between traditional financial systems and the growing number of South Koreans who are interested in crypto.
Conclusion
Alchemy Pay’s recent funding announcement highlights the growing interest in cryptocurrency payments and the need for more accessible and user-friendly solutions. With this new funding, Alchemy Pay is well-positioned to expand its reach in South Korea and offer even more options for merchants and consumers.
FAQ
1. What is Alchemy Pay?
Alchemy Pay is a Singapore-based cryptopayment service provider that offers merchants and customers fast, secure, and cost-efficient ways to conduct transactions using digital assets.
2. Who led the recent financing round for Alchemy Pay?
The financing round was led by DWF Labs, with support from Chain Capital, Rapyd Capital, and others.
3. Why is Alchemy Pay interested in South Korea?
South Korea represents a significant market for Alchemy Pay with a rapidly growing interest in cryptocurrencies. With this new funding, Alchemy Pay can expand its crypto payment services and offer more accessible and user-friendly solutions for merchants and consumers.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/13007.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
New Motors in Switzerland Now Accepting Bitcoin Payments: What This Means for Cryptocurrency Adoption in the Auto Industry
According to reports, Bitcoin Magazine reported on social media that New Motors, a Swiss luxury car dealer, now accepts Bitcoin payments.
Swiss luxury car dealer New Motors now acc -
Moonbeam’s Ecosystem Grant Allocation Window Closes
On March 14, the Poca ecological smart contract platform Moonbeam announced on social media that the first batch of ecosystem grant allocation windows had been officially closed, and the community and allocation committee would provide feedback through Moonbeam community forum from March 17. Moonbeam, the Poca ecological smart contract platform, announced that the first batch of ecosystem grants allocation window has been officially closed Analysis based on this information:Moonbeam, an ecological smart contract platform based on Poca, announced on social media that the first batch of ecosystem grant allocation windows had been closed, signaling the beginning of a new phase in the platform’s development. The announcement also mentioned that the community and allocation committee would provide feedback through the Moonbeam community forum from March 17. The ecosystem grant allocation program allows developers to submit proposals for projects that fit within Moonbeam’s ecosystem. The program is aimed at funding innovative projects that can help the platform grow and evolve. The allocation…
-
What are the benefits for miners after zec halving?
zec halving after benefits for miners Editor\’s note: This article comes from th
-
Interpretation:First Republic Bank of the United States strengthens financial situation with new funds
It is reported that the First Republic Bank of the United States has disclosed that all available and unused liquidity funds are more than 70 billion US dollars. It is currently obtaining additional liquidity from the Federal Reserve and JPMorgan Chase to strengthen and diversify its financial situation and obtain more funds under the new Federal Reserve loan plan. At the end of last week, the Bank of the First Republic of the United States began to restrict the remittance of funds by wire transfer, and also said that it would completely stop processing wire transfer transactions. Bank of the First Republic of the United States: At present, all available and unused liquidity funds exceed 70 billion US dollars Analysis based on this information:According to a recent report, the First Republic Bank of the United States has revealed that it currently has over 70 billion US dollars in available and unused liquidity funds. However, despite this substantial amount, the bank…
-
The Rising Tide of Ethereum Pledges: Latest Figures Indicate a Major Upward Trend in Deposits
On April 23rd, according to data on the Tokenview chain, the current cumulative amount of Ethereum pledged deposits has exceeded 19.07 million ETHs. Since the completion of Ethereu
-
Lido V2 Update: Successful Ethereum Withdrawals and Turbo Mode Testing
On March 28th, it was reported that Lido V2 is currently being tested on Goerli and has confirmed that the first withdrawal was successful. Lido contributors have successfully test
-
OKX Web3 Wallet Launches without Gas Transfer Function
On April 18th, according to official sources, the OKX Web3 wallet has been launched without Gas transfer function. All OKX Web3 wallet users can enjoy a free Gas Fee for their firs
-
Metaverse Platform Transmira Raises $4 Million Equity Financing with nChain Acquiring 20% Equity
On April 28th, Transmira, a metaverse platform, announced the completion of a $4 million equity financing, with nChain participating and acquiring 20% of the company\’s equity. nCha
-
Meaning of A Card Signature (Full Name of A Card)
What does A Card Signature mean? A Card Signature refers to decoding and generat
-
Why exchange for USDT transactions (why can USDT be exchanged with USD 11)
Why do I want to exchange for USDT trading USDT trading? The reason why do I want to exchange for USDT trading is that Bitcoin has experienced significant fluctuations in the recent market, and the market heat has decreased In order for everyone to better understand the current development status and trends of Bitcoin, we need to do some basic learning in this area There are many technologies that are indispensable in the blockchain industry, and these can be achieved through computer algorithms; The smart contract execution of Cryptocurrency can be realized through the mathematical model. So for ordinary users, it is relatively easy to understand what “digital gold” is So how to exchange digital assets? It is because of the code vulnerability in this project that it cannot be used. For example, you can use Bitcoin/USDT and other mainstream currencies to buy a Stablecoin or token, and then convert it into Ethereum, and then convert it into USDT, and…