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FollowingAlchemy Pay expands localized deposit service in Bangladesh
Alchemy Pay, a well-known cryptocurrency and fiat payment gateway, announced that its localized deposit service (On-Ramp) in Bangladesh is expanding. This network upgrade connects to the country\'s four major mobile financial services-bKash, Nagad, Rocket and Upay. Users can now purchase cryptocurrency directly using Bangladesh Taka (BDT) through local mobile payment services. This move marks the further expansion of Alchemy Pay\'s coverage in South Asia, choosing one of the most mature digital wallet ecosystems in the region. These local mobile wallets form the cornerstone of Bangladesh\'s financial infrastructure. Alchemy Pay has announced the news on its official X account.
Alchemy Pay uses Bangladesh payment services to simplify cryptocurrency purchases.
Expand cryptocurrency purchase channels, making it easier for Bangladeshi users to enter the digital asset field. The service leverages widely used mobile financial services to achieve seamless payments, lowering the threshold for users to enter the digital asset ecosystem. The cryptocurrency deposit gateway is a payment channel that allows users to exchange fiat currencies (such as Bengali taka) for cryptocurrency.
With more than 50 million registered users, bKash is the core digital platform for daily payments in Bangladesh. Nagad, as the second-largest player in the market, is growing rapidly, with tens of millions of registered users and showing strong momentum in merchant and retail transactions. Alchemy Pay\'s extended infrastructure provides critical support for the development of payment channels, while also helping exchanges, wallets, decentralized applications and Web3 service providers connect users more smoothly and minimize payment obstacles. Over the years, Alchemy Pay has been widely recognized for its efficient and innovative services.
Building a seamless bridge between fiat and cryptocurrency
Alchemy Pay continues to optimize the complex access process between fiat and cryptocurrency economies, helping ordinary users connect to the expanding global digital asset ecosystem. For Bangladesh, this will be an excellent opportunity to improve its payment infrastructure.
In addition, Alchemy Pay has been recognized by Visa and Mastercard\'s two major payment networks, officially becoming an authentication service provider, and joining the Mastercard Cryptocurrency Partner Program. The company has established long-term localized payment coverage networks in markets such as Indonesia, the Philippines, Thailand, Malaysia, Brazil, Mexico and Argentina, providing customized fiat access services based on the payment habits of users in various regions.
