Fortune Views

― Advertisement ―

spot_img

Despite $75B in VC Investments in Q4, Startups Struggle to Secure Funding

Venture capital investment in U.S. startups surged to $74.6 billion in the fourth quarter of 2024, a significant rise from the $42 billion average...
HomeNewsAlchemy Pay Funds UK's LaPay for Worldwide Web3 Growth

Alchemy Pay Funds UK’s LaPay for Worldwide Web3 Growth

Alchemy Pay, a prominent player in the Web3 payment solutions sector, has recently expanded its global footprint by investing in LaPay, a UK-based FinTech firm specializing in fostering international business growth. LaPay, which boasts an Authorized Payment Institution (API) license and is regulated by the UK’s Financial Conduct Authority (FCA), represents a significant step for Alchemy Pay in its strategic plan to obtain more than 20 licenses across key global markets, including the U.S., U.K., Hong Kong, Singapore, Australia, and South Korea.

Gibbs Lvy, Co-Founder of Alchemy Pay, highlighted the investment’s importance, pointing out that it not only enhances Alchemy Pay’s compliance and operational scope but also opens up new avenues for offering comprehensive Web3 payment services. These services are anticipated to encompass local and international fiat transactions, as well as foreign exchange solutions, thereby broadening their market reach and operational capabilities.

Lvy also noted the evolving financial landscape, where innovative FinTech companies like LaPay are playing a pivotal role in bridging traditional financial services with the burgeoning Web3 sector. This transition is evident as major financial players like PayPal, Visa, and Revolut increasingly delve into Web3, indicating a shift towards a more integrated financial ecosystem where digital assets and traditional banking services converge.

Alchemy Pay’s strategy involves leveraging its licensing achievements and global compliance standards to enhance its Web3 payment ecosystem. This approach not only facilitates the expansion of alternative payment methods across the globe but also underscores the company’s commitment to being at the forefront of the digital finance revolution. With six regulatory licenses already under its belt across four continents, Alchemy Pay is on track to secure over 20 licenses by 2024, thereby establishing a robust global presence in the Web3 payment domain.