Samsung Pay Introduces Crypto Payments via Alchemy Pay Integration

Samsung Pay Expands to Crypto Payments with Alchemy Pay

Samsung Pay has taken a big step toward the world of cryptocurrency, thanks to its new integration with Alchemy Pay. This update enables users to make crypto payments using Alchemy Pay’s virtual cards on Samsung’s mobile wallet platform. Announced on October 8, 2024, the partnership brings a seamless payment experience for Alchemy Pay’s existing and new users.

This move comes shortly after Alchemy Pay’s successful integration with Google Pay in September 2024, showing the platform’s commitment to broadening its reach and usability.

500,000 Users Can Now Pay with Samsung Pay

Alchemy Pay, a leader in the crypto payment industry with over one million registered users, now allows 500,000 of its virtual card users to utilize Samsung Pay for both in-store and online transactions. This partnership expands the number of platforms where users can use crypto, including popular services such as:

• ChatGPT Plus

• Apple Store

• Midjourney

• Amazon

• Netflix

• Facebook

• eBay

Significant Demand Expected for Crypto Payments

Alchemy Pay's spokesperson shared that the company anticipates strong interest from indirect users, thanks to its wide network of business partners. With over one million registered users on its ramp platform and 500,000 crypto card users already active, the integration with Samsung Pay is expected to introduce many more users to the convenience of crypto payments.

This is not the first time Samsung Pay has ventured into crypto. Back in 2020, Samsung Pay partnered with Swipe, a payment gateway, to enable users to make payments using their Swipe Visa card balances.

Image placement suggestion: A chart or infographic illustrating the growth in users after Alchemy Pay’s integration with Samsung Pay would provide a clear representation of the expected demand.

How to Set Up Alchemy Pay Virtual Card on Samsung Pay

For those looking to take advantage of this new feature, the process is straightforward:

1. Visit the Alchemy Pay website to check compatibility between your virtual card and Samsung Pay.

2. Open the Samsung Pay app and add your Alchemy Pay virtual card.

3. Begin using Samsung Pay to make crypto payments, both online and in-store, at participating retailers.

Alchemy Pay has ambitious plans to continue expanding its network, integrating with major payment networks such as Visa, Mastercard, and American Express. These integrations will ensure users have more ways to pay with crypto across the globe.

A Growing Network for Alchemy Pay

Founded in 2017 in Singapore, Alchemy Pay has grown to support major platforms like Apple Pay and now Samsung Pay. Earlier in 2023, Alchemy Pay rolled out Apple Pay integration, allowing users to buy crypto with fiat currencies, including the US dollar and euro.

Alchemy Pay’s continued expansion into various payment systems, including major competitors like Apple Pay, indicates that crypto payments are becoming more widely accepted and easier for users worldwide.