A European Crypto Exchange Integrates Alchemy’s Hybrid Crypto-Fiat Payment Gateway

European cryptocurrency exchange MEXC global announced a partnership with Alchemy Pay to combine its crypto-fiat onramp to upgrade its service to million users.

Alchemy Pay has the world’s first hybrid fiat and digital currency platform. Besides, the platform gives seamless crypto and fiat payments for merchants, developers, and financial institutions.

According to MEXC, the partnership will guide the adoption of digital assets by exchange users. This means that they can deposit fiat directly onto the MEXC exchange using their credit and debit cards.

Following this, John Tan, CEO of Alchemy Pay said,

"Our partnership with MEXC Global is a significant milestone in mitigating the gap between cryptocurrency and fiat to drive overall crypto adoption in the European region. This is a win-win situation. Experienced investors have an easier way to invest funds in crypto, while MEXC Global can now target crypto-curious investors with no crypto holdings."

In addition, he noted that MEXC’s token $MX will be integrated into the Alchemy Pay payment gateway. This will lead to a use case for the tokens. Thus, they can also be accepted as payment by the Alchemy Pay merchants and associates network.

As per reports, the crypto exchange is currently performing 4.1 million transactions per second for its over 6 million users worldwide. What is more, with hosted server clusters based in Singapore and South Korea, MEXC provides enhanced security and data integrity.