ACH rate rises by 14% after Alchemy Pay registered as Mastercard’s service provider

A hybrid system of fiat and crypto payments has been added to the payment company’s customer data security and safety program

21.06.2023 - 14:40

1 min

What’s new? On June 21, Alchemy Pay, a hybrid system of fiat and crypto payments, was added to Mastercard’s list of service providers as compliant with its Site Data Protection (SDP) program. Amazon, Google, and JPMorgan are also on the list of providers. Alchemy Pay’s (ACH) native token reacted to the news with an increase of 14,7% to $0,02188832. As of 14:15 UTC, the ACH rate adjusted to $0,02154929, according to aggregator CoinGecko.

Press Release

What else is known? Robert McCracken, Alchemy Pay’s Ecosystem Lead, said the system’s inclusion in the SDP program “demonstrates our commitment to operating within the bounds of regulatory frameworks.”

Earlier this year, Alchemy Pay was listed as a payment service provider by another payment company, Visa. According to McCracken, the crypto platform is “more global than ever” and can now better serve Visa and Mastercard cardholders when using fiat to buy cryptocurrencies in 173 countries.

In December, Hi, a financial application, and Polygon blockchain launched a platform to customize Mastercard’s Web 3.0 debit cards with NFTs. On June 12, Mastercard filed a trademark application for its crypto transaction processing software.

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