Alchemy Pay Provides Funds For UK’s LaPay To Grow Global Payment Solutions
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Alchemy Pay, a provider of Web3 payment solutions, has announced its significant funding of LaPay Limited, a fintech company in the United Kingdom. This investment aims to initiate the global expansion of organizations operating in different industries.
The UK Fintech holds an Authorized Payment Institution License in the United Kingdom, with reference number 914920. This is under the control and mandate of the Financial Conduct Authority. The latest investment signifies a pivotal moment for Alchemy Pay.
The payment solution provider is dedicated to acquiring certifications from countries such as Hong Kong, the United States, South Korea, Australia, and Singapore, among others.
Alchemy Pay Is Focused On Providing Numerous Web3 Payment Solutions
The co-founder of Alchemy Pay, Gibbs Lvy, revealed that the organization aims to provide a wide variety of Web3 payment solutions. One of these solutions is facilitating money transfers in domestic fiat currencies. He also revealed that the company plans to provide foreign exchange services shortly.
Before that time, the payment provider functioned on a universal level as a provider of Web3 payment service that upheld all applicable standards. According to Gibbs, the funds placed in LaPay will transform the situation by offering them many opportunities in the dynamic UK markets and beyond.
Gibbs also mentioned that fintech companies like LaPay are transforming traditional banking, Web3, payments, and finance. At this time, key players such as Revolut, Visa, PayPal, and others are prioritizing Web3 fintech.
Head of the Financial Conduct Authority, Ashley Alder, announced that global cooperation is most vital in regulating technology (fintech). This is because of fast fast-advancing nature. He stated that fintech innovation creates unique opportunities. It also reveals certain risks that encourage smart policy strategies from regulators worldwide.
As the focus on Web3 fintech increases, a major shift is visible in the global financial payments industry. The aforementioned include wallets, stablecoins, payments, and finance that are presently been incorporated into traditional banking, payment initiatives, and finance frameworks.
The Payment Provider Manages and Offers A Broad Web3 Payment Network
Alchemy Pay is meticulously working to develop an extensive Web3 payment network by seamlessly integrating international compliance standards and certification pathways. Additionally, the firm encompasses the integration of alternative payment methods which improves service potential. It also launches various payment products that suit different circumstances.
The company is renowned for its ability to provide low-cost, fast, easy, and secure transactions between fiat currencies and cryptocurrencies. It enables institutions and customers around the globe to access crypto investment, commercial transactions, and Web3 services easily.
The network presently operates in more than 70 countries. It also has over 300 payment channels in these countries and maintains a global network of more than 2 million merchants. All these achievements were accomplished through strategic partnerships with global remittance companies, OTC and global crypto exchanges, and financial institutions.
