Alchemy Pay, now supports domestic bank transfer payments for crypto purchases in Nigeria. By enabling users to pay by domestic bank transfer, it is seamless to buy and sell cryptocurrency for Nigeria. As a leading payment provider, Alchemy Pay is able to treat transactions as domestic, and enable Nigerians to buy crypto with local Nigerian Naira currency.
Singapore-based, Alchemy Pay produces a fiat-crypto on-ramp plugin that is now being used by major crypto exchanges like OKX, and as well as many wallets, DeFi, gaming and NFT marketplaces. The plugin is used by Web3 platforms across all sectors of the industry. The new support for bank transfer payments mean that, as well as Mastercard and Visa, Nigerian users can now buy crypto directly with Nigerian Naira on crypto platforms using these popular local alternative payment methods.
Transactions can be from minimum of 11300 NGN. Users in Nigeria can enjoy access to crypto using bank transfers for many banks including all major banks in Nigeria. They will also enjoy far higher success rates at lower fess, and more transaction success rates.
Simplifying the onboarding process is crucial for the widespread adoption of cryptocurrencies and by enabling new payment options, Alchemy Pay brings crypto to a growing number of users. Founded in Singapore in 2018, the company’s success in Nigeria is not the only one in emerging markets. The gateway provider supports highly popular regional payment methods in emerging markets such as Pix, SPEI, GCash, Dana, OVO, PayNow.
