Alchemy Pay, a network that connects cash and cryptocurrencies, has partnered with DWF Labs, a leading global market creator of digital assets, to raise $10 million in financing and extend its payment services in Korea.
Alchemy Pay has secured $10 million in funding from DWF, increasing its valuation to $400 million. The company plans to use the funds to capitalize on the region’s high cryptocurrency acceptance and assist Korean enterprises in achieving greater internationalization.
It has partners such as Visa, Mastercard, Discover, Diners Club, Google Pay, Apple Pay, and so on, and has launched an innovation in the NFT space called the “NFT Checkout” service. The platform allows customers to purchase NFT through fiat currency or in their local domestic currency.
Robert McCracken, the ecosystem lead of Alchemy Pay says, “Korea offers a robust market base where Alchemy Pay has yet to establish a strong presence, and we aim to establish a solid foothold in the region. By utilizing our payment solutions, more Korean companies can close the division between cryptocurrencies and conventional fiat currencies and to keep pace with global economies.”
Compiled by Coinbold
