Samsung Pay is expanding its payment options by adding Alchemy Pay’s virtual card, making it easier for users to spend their cryptocurrency.
Alchemy Pay, a well-known crypto payment provider with over one million users, announced on October 8 that its virtual card will now work with Samsung Pay. This integration comes shortly after Alchemy Pay launched its services on Google Pay in September.
500,000 Users Can Now Pay with Samsung Pay
Samsung Pay is a mobile payment service created by Samsung Electronics. With this new partnership, Alchemy Pay users can use their virtual crypto cards for purchases both in stores and online at participating retailers.
Alchemy Pay pointed out that its virtual card users can now shop on platforms like ChatGPT Plus, the Apple Store, Midjourney, Amazon, Netflix, Facebook, and eBay, among others.
A spokesperson for Alchemy Pay mentioned that they expect strong demand from new users due to the Samsung Pay integration. They stated, “We already have one million registered users on our platform and 500,000 users of our crypto card. Since we have many business partners, we anticipate more users will access our services through this integration.”
Alchemy Pay isn’t the only crypto payment provider to team up with Samsung Pay. In 2020, Samsung Pay also partnered with Swipe, allowing users to make payments from their Swipe Visa card balances.
How to Use Alchemy Pay Virtual Card on Samsung Pay
To get started, users should visit the Alchemy Pay website to check if their virtual card works with Samsung Pay. Then, they can add their card to the Samsung Pay app and begin making crypto payments.
Once set up, users can use their Alchemy Pay virtual card to make purchases through Samsung Pay.
In its announcement, Alchemy Pay shared plans to expand its supported payment platforms and ensure “full integration” with major card networks like Visa, Mastercard, and American Express.
Summary Review: The integration of Alchemy Pay’s virtual card with Samsung Pay enhances the versatility of cryptocurrency payments, allowing users to seamlessly spend their crypto at various retailers. This move signifies a growing acceptance of digital currencies in mainstream payment systems and highlights Alchemy Pay‘s commitment to expanding its services. As more users adopt this feature, the demand for cryptocurrency transactions in everyday purchases is likely to increase.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
