Alchemy Pay, a Singaporean fiat-crypto payment gateway, and its co-founder and majority shareholder, Shawn Shi, have been awarded the Web3 Innovation Pioneer Award by Forbes. The award recognises Alchemy Pay’s pioneering achievements in the fintech/crypto space. Since its establishment in 2018, Alchemy Pay has become the number one crypto payment system in Southeast Asia. The company has a major research and development hub across Asia, and its constant upgrades and innovations have created a full suite of offerings that satisfy newcomers and surprise crypto natives.
Alchemy Pay’s on and off-ramp and NFT checkout were all launched in Q3 and Q4 2022. The ramp services have been integrated by platforms all across the Web3 space, from large scale exchanges to small, specialised token issuers and dApps. Alchemy Pay supports Mastercard and Visa in 173 countries, as well as large scale banking systems such as SEPA in Europe. The company has also been at the forefront of invention in its peerless coverage in emerging markets such as SEA and Latin America.
Shawn Shi commented on the award: “It is great to receive industry recognition for our work in the payment space. The scope of possibility is wide open and our team is always pushing the boundaries. We have proven again and again that any payment scenario with any customisation is possible. I’m very proud of our team and 2023 will continue to expand our vision.”
Alchemy Pay ended the year by integrating with Arbitrum, the world’s largest Ethereum scaling layer-2, going live with Apple Pay, and becoming an official service provider by Visa. The company’s success comes from its team’s significant working knowledge with both legacy finance and blockchain technology. The foundation of the ramp is a network of payment processors, acquirers, exchanges, dApp devs and blockchains.
In conclusion, the Web3 Innovation Pioneer Award by Forbes recognises Alchemy Pay’s pioneering work in the fintech/crypto space. The company’s constant upgrades and innovations have created a full suite of offerings that satisfy newcomers and surprise crypto natives. The ramp services have been integrated by platforms all across the Web3 space, and the company’s success comes from its team’s significant working knowledge with both legacy finance and blockchain technology.