Binance Pay arrives on Shopify

Good news for crypto bugs out there: , Binance will bring the Binance Pay service to Shopify, after the partnership with Alchemy Pay.

This may sound occult for some of our readers, but, to make it real easy on normies, Binance Pay means that you will be able to use Bitcoin on Shopify from now on.

That’s due to Alchemy Pay, which is basically a fiat-crypto hybrid payment provider, i.e. it uses an automatic process for converting crypto into dollars at the current rates if you want to pay for stuff with Bitcoin.

Moreover, the partnership between Binance Pay, Shopify and Alchemy Pay is building a bridge for crypto payments via the Binance Pay wallet.

Speaking of Binance Pay, these guys provide a service that consists of enabling crypto payments via your smartphone with the Binance App. The app is used all over the world, and it allows you to buy stuff with crypto without having to pay extra fees.

Other networks that support Alchemy Pay include:

  • Shopify,
  • QFPay,
  • Pricerite,
  • Ce La Vi,
  • Aldo,
  • Arcadier SaaS,

The CEO of Alchemy Pay, John Tan, commented:

 “Alchemy Pay was founded in 2018 by a team of fiat payment gateway veterans with a shared vision to build a practical bridge between fiat and crypto. When we started, the total value of the cryptocurrency market was less than a tenth of a percent of what it is today. Electronic payments outside of the $80 trillion fiat economy were virtually unknown to the world. Alchemy Pay’s partnership with Binance for the Binance Pay wallet significantly expands the practical backbone applications we build between the crypto and fiat worlds”.

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