Feb 27, 2023
Alchemy Pay and Berkah Digital Score Regulatory Approval in Indonesia
Alchemy Pay, a global crypto-to-fiat payment platform, has recently announced it has been granted a license by the Central Bank of Indonesia to operate remittances and fund transfers in cooperation with local fintech firm Berkah Digital Pembayaran.
The license, which was jointly issued to both Alchemy Pay and Berkah Digital’s platform BDPay, will enable the firms to offer more efficient and cost-effective payout methods.
Alchemy Pay, which is based in Singapore and operates in 173 countries, is known for its partnerships with crypto giants such as Binance exchange. The platform enables payments via Mastercard, Visa, Google Pay, Apple Pay and a number of other regional mobile wallets such as BDPay.
Berkah Digital, a payment service provider listed under license category three, is mainly known for its BDPay platform, which offers retail and corporate clients local and cross-border remittance services. The platform also provides client payroll services and transfers via bank application programming interfaces, allowing users to transfer to 136 banks in Indonesia.
Alchemy Pay’s own utility token, Alchemy Pay (ACH), is issued on the Ethereum blockchain and is an integral part of the network. ACH is used for transaction fees, network rewards and other processes.
The news of the license comes at a time when the popularity of NFTs and crypto is on the rise. As a result, the need for efficient and cost-effective promotion and marketing of NFTs and crypto has increased. Alchemy Pay and Berkah Digital are well-positioned to meet this need and provide a comprehensive suite of services to businesses looking to promote and sell their NFTs and crypto.
As a web3 agency, Alchemy Pay and Berkah Digital offer a range of services including Twitter NFT marketing, NFT promotion, NFT marketing agency services, and other web3 services. With the license, the two firms will be able to provide more efficient and cost-effective services to businesses looking to promote and sell their NFTs and crypto.
The license granted to Alchemy Pay and Berkah Digital is an important milestone for the web3 space and will open up new opportunities for businesses looking to promote their NFTs and crypto. With the license, Alchemy Pay and Berkah Digital are well-positioned to become the go-to destination for businesses looking to promote and sell their NFTs and crypto.
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