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MEXC Global leverages Alchemy Pay for on and off-ramping in Japan, Korea, and Indonesia

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The leading digital asset and cryptocurrency trading platform MEXC Global, has teamed up with the leading fiat-crypto payment gateway provider, Alchemy Pay (ACH) to provide multiple pay-in and pay-out methods for users in Japan, Korea, and Indonesia. Among other things, the partnership will allow Indonesian users to withdraw funds to bank accounts and will enable the depositing of funds via Visa and Mastercard in Japan and Korea.

Indonesia has developed into a crypto hotspot over the past year, and MEXC Global can now leverage Alchemy Pay’s considerable channels to offer customers the most complete service of any exchange there. Along with the withdrawal-to-bank capability, Alchemy Pay’s local fiat payment channels include virtual account payments, so users can deposit funds into their MEXC Global account by bank transfer. The mobile wallets GoPay, OVO, Dana, LinkAja, ShopeePay, and BCA Mobile can also now be used for limited sum deposits. 

Alchemy Pay is a specialist in providing on and off-ramps for seamless movement between crypto and fiat currencies and has become increasingly prominent in the crypto space as a bridging service for the industry over the past 12 months. Collaborating with one of crypto’s biggest exchanges represents another step forward. CEO, John Tan commented, “We are now gaining a real foothold in Japan and Korea, as well as adding to our operational services in Indonesia. Our crypto payment network in these markets will continue to expand from here, as will the services we can offer to partners.” 

MEXC Global’s CMO, Antonio Wu, said of the partnership, “MEXC’s expansion in Asia is now faster than ever, and we’re happy to have Alchemy Pay and more reliable partners help us offer seamless user experience in the local market.”

Alchemy Pay’s flagship product still remains its hybrid crypto-fiat payment system, which allows merchant partners to accept popular cryptocurrencies in offline and online payments at a low cost and with near-instant instant conversion to the merchant’s local fiat currency. The all-in-one system also allows merchants and businesses to accept fiat payments via e-wallets and credit cards. The network is supported by its incentivizing utility token, ACH, which runs on the Ethereum blockchain. 

The executive team behind Alchemy Pay all come from considerable experience in traditional finance and fintech payments and the expertise has been welcomed by leading blockchain entities. In November it integrated fiat payment rails for Polygon, a layer-2 solution for the Ethereum blockchain. This year has already seen integration with Avalanche, the fastest growing blockchain developer community in the industry.

About Alchemy Pay
Alchemy Pay is an integrated fiat and cryptocurrency gateway solutions provider, powering seamless crypto and fiat acceptance for merchant networks, developers, and financial institutions. The company drives the adoption of blockchain technology by making crypto investments, commercial transactions, and DeFi services readily accessible to consumers and institutions in the fiat economy. Today, Alchemy Pay supports over 70 countries with 300 payment channels and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay, and more.



About MEXC Global

Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services including spot, margin, leveraged ETFs, derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.


 Disclaimer: This is a paid post and should not be treated as news/advice.


With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.
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