Alchemy Pay Integrates PayID to Deliver Seamless Crypto Payments in Australia

Alchemy Pay, a leading platform offering cryptocurrency payment solutions, has announced its new integration of the interbank payment platform “PayID.”

Alchemy Pay, a cryptocurrency payment platform, has announced the integration of interbank payment platform ‘PayID’ for its expansion in Australia.

The platform shared details of this endeavor in a recent post on its official X account.

Announcing the integration of PayID for compliantly offering fiat-crypto exchange service within Australia. This achievement enables us to serve Australian users with reduced fees, faster processing times and higher transaction success rates.

The integration of PayID comes after the platform has effectively obtained registration as a Digital Currency Exchange Provider from the Australian financial intelligence organization. This development ensures Alchemy Pay’s regulatory compliance and improves its capability to serve consumers in the jurisdiction with rapid processing times, higher transfer success rates and decreased fees.

PayID has become a noted platform for delivering transformative payment solutions within Australia. The real-time processing abilities of the platform have led to its widespread adoption. Now, as it has integration with PayID, Alchemy Pay aims to empower users in Australia to convert $AUD into cryptocurrencies without any barrier. The respective integration is a noted move to enable a seamless onboarding procedure and opens exclusive doors for the market expansion by Australian projects.

Australia is known for implementing a stringent regulatory framework for the platforms providing crypto payments. In this regard, the number of complaint service providers is very less, hindering the adoption of crypto on a large scale. Keeping this in mind, Alchemy Pay is attempting to offer a compliant forum for the users to drive adoption with PayID’s integration. Moreover, this development denotes the platform’s efforts to solidify its status as a trusted entity, setting a precedent for market standards.

“At Alchemy Pay, we are thrilled to announce the integration of PayID in Australia. This partnership will allow us to serve Australian users better with faster processing times, higher transaction success rates and decreased fees,” a spokesperson for the platform said.

“We are also pleased to be able to offer a fully compliant fiat-crypto exchange service, which is a testament to our commitment to operating within regulatory boundaries.”

Alchemy Pay has also effectively integrated with several zonal payment channels to cater to different consumer needs. Within Europe, the platform offers seamless transfers for consumers in UK, EU, Indonesia, Philippines, Malaysia and Thailand. The current regulatory landmark in Australia is another step in this venture to provide services across the globe. PayID’s integration shows that Alchemy Pay is devoted to accelerating cryptocurrency adoption and contributing to future innovation.