Alchemy Pay, a Singapore-based payment gateway bridging crypto and fiat currencies, has partnered with South Korean firms Danal and Danal Fintech to expand their global reach and enhance payment solutions.
🚀#AlchemyPay, Danal, a leading integrated payment business company, and Danal Fintech, the largest virtual asset payment service in Korea, announced the signing of a strategic partnership agreement📜.
This agreement aims to enhance the competitiveness of both parties’ payment… pic.twitter.com/YuYjU9nniH
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 25, 2024
This agreement demonstrates a commitment to creating synergies through a stronger partnership and an expanded payment ecosystem. By combining their expertise in physical and virtual asset payment markets, this collaboration is expected to drive significant advancements and innovation in both the Korean and global payment landscapes.
Son Kyung-hwan, CEO of Danal Fintech, emphasized the importance of this strategic relationship in their global market expansion efforts. He noted that the partnership would facilitate active discussions on improving payment solutions and global marketing strategies to ease their entry into the international market.
Danal is expanding its relationships with global payment partners to support international business expansion. A representative from Danal explained that this agreement is part of their initiative to support overseas expansion and strengthen their global payment network. Following a recent partnership with PayPal, the collaboration with Alchemy Pay is viewed as a crucial step in bolstering Danal’s position and competitiveness in the global market.
Alchemy Pay views the Korean market as a growth opportunity. The partnership with Danal, a leading payment gateway company in Korea, and Danal Fintech, which specializes in real-world virtual asset payments, provides a great opportunity to explore participation in the Korean market and actively establish a global payment cooperation system.
Founded in Singapore in 2017, Alchemy Pay is a payment gateway that connects cryptocurrencies with traditional fiat currencies, catering to businesses, developers, and end-users.
The company offers solutions such as On & Off Ramps for buying and selling crypto and fiat, Crypto Cards for branded global spending, a Web3 Digital Bank for multi-fiat accounts and fiat-crypto conversions, NFT Checkout, and Crypto Payments, supporting transactions in 173 countries. ACH is the Alchemy Pay network token based on the Ethereum blockchain.
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