Pundi X, a pioneering blockchain technology company committed to simplifying digital currency transactions, announces the integration of Alchemy Pay into its upcoming decentralized payment platform. This enhancement, set for Q1 2025, will enable merchants using Pundi X self-custodial payment system to leverage Alchemy Pay’s on-ramp and off-ramp services, streamlining the process of converting fiat to digital assets and vice versa.

Through this collaboration, Alchemy Pay will facilitate the conversion process directly, allowing businesses to access seamless cryptocurrency transactions while retaining the decentralized capabilities of XPOS. To utilize this functionality, merchants will register with Alchemy Pay, thereby gaining access to its extensive fiat-to-crypto conversion network.

Empowering Merchants with Flexible Payment Solutions

The integration of Alchemy Pay allows XPOS merchants to:

• On-Ramp: Accept fiat payments from customers, with Alchemy Pay converting these funds into cryptocurrency.
• Off-Ramp: Convert cryptocurrency to local fiat currency through Alchemy Pay, simplifying settlements for merchants.

This feature provides a powerful, easy-to-use solution for businesses looking to expand their payment options, opening new doors to the digital economy without requiring substantial technical infrastructure.

Advancing Financial Inclusion Through Collaboration

“Integrating Alchemy Pay’s conversion capabilities into the Pundi X ecosystem aligns with our vision of expanding financial inclusion,” said Zac Cheah, Co-Founder and CEO of Pundi X. “With Alchemy Pay handling conversions, merchants can seamlessly incorporate cryptocurrency into their operations, empowering them with a truly global payment solution.”

Robert McCracken, Ecosystem Lead of Alchemy Pay, added, “Our partnership with Pundi X represents a significant step toward bridging the gap between fiat and crypto economies. By integrating our on-ramp and off-ramp services into the Pundi X decentralized payment platform, we are providing merchants with the tools they need to engage in the digital economy effortlessly.”

To sign up for the Pundi X self-custodial payment platform, please fill in the request form.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

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About Pundi X Labs

Founded in 2017, Pundi X delivers innovative web3 and AI technology to build a more accessible and inclusive world. Through its innovative products, from the world’s first blockchain-based point-of-sale platform XPOS, AI data omni-chain layer Pundi AIFX Chain, AI data annotation platform to SocialAI browser plug-in for x.com, Purse+, Pundi X Labs is transforming the way people use and interact with blockchain technology, driving financial inclusion on a global scale.

Headquartered in Singapore, Pundi X has also been selected as one of the top 50 Innovative Fintech Startups in 2018 by KPMG and H2 Ventures, cool vendors in blockchain business by Gartner, and one of the top 10 fintech leaders by Singapore Fintech Association in 2019.

To learn more, please visit www.pundix.com