The crypto payment solutions of fiat-crypto company Alchemy Pay will be integrated with the BNB chain soon. With this development in place, Alchemy Pay users can use $BNB for everyday transactions like mobile recharges or renting powerbanks, making way for more crypto adoption in the real world.
The BNB chain integration will enhance the crypto portfolio of the company as users get the flexibility to utilize different kinds of tokens.
The company’s crypto payment solutions are quite popular in Southeast Asia as it is offered by more than 100,000 merchants. Alchemy Pay customers just have to scan a QR code to pay with cryptocurrencies at different merchant outlets. The BNB integration means they will have more options to use digital agents for everyday expenditures like food and utility bills.
This comes at a time when crypto payment solutions are getting accepted everywhere. At present, the global cryptocurrency payment market size is growing at 16.3% rate and is expected to reach $2.59 billion by 2028 which shows an increased acceptance of crypto by merchants across the world. It also means more and more industries are opening up to blockchain technology.
The $BNB token is widely accepted and can be used in diverse scenarios as it expanded to governance, staking and real world payments after initially starting off as transaction fees on Binance. Similar crypto integration has been observed across different payment solutions in the world like PayPal allowing the use of Litecoin, Ethereum and Bitcoin while launching its own token. Visa partnered launched crypto linked cards partnered with more than 65 digital assets platforms in over 40 nations.
While challenges such as regulatory uncertainty and market volatility remain, the ongoing development of user-friendly crypto payment solutions like those offered by Alchemy Pay could pave the way for a future where digital assets are as commonplace in transactions as traditional fiat currencies.