Alchemy Pay Partnered with ePayments to Leverage Crypto Payments

The partnership gives Alchemy Pay access to customers in Australia and New Zealand.

Merchants at ePayments will benefit from Alchemy Pay's portal.

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Merchants at ePayments will have the flexibility to manage both fiat and crypto payments from Alchemy Pay's portal. Cryptocurrencies have been on the rise in both Australia and New Zealand. Coinbase and CoinSpot are the top wallets in Australia.

Additionally, Alchemy Pay will benefit from ePayments' NZ and Australian fiat payments and provide businesses with access to clients in these markets.

The CEO of Alchemy Pay, John Tan said: “This partnership with ePayments will allow us to enter the New Zealand and Australian markets where crypto adoption is becoming exceptionally strong. Crypto payments are the future, and we are pleased to be working with merchants who have a deep familiarity with the local markets. We are also happy to be opening up our crypto clients to new users in new markets.”

Leo Liu of ePayments added: “Alchemy Pay is a leader in the crypto payment space. Their network of partners and crypto payments capabilities gives our merchants the cutting edge in modern digital payment.”

Cryptocurrencies in New Zealand

In 2021, more investors purchased cryptocurrencies than commercial properties in New Zealand according to Statista. While stocks gained a large chunk of the investments that were made in 2021 (55% according to the study), crypto investments may rise in 2022.

With the commencement of cryptocurrency regulations, more businesses may add cryptocurrencies as one of the available payment methods.

There are calls for New Zealand to take some form of action to reduce the environmental impact of Bitcoin mining in the country. It has been estimated that the annual power consumption of Bitcoin is 3 times that of New Zealand.

New Zealand is in the top 15 countries for interest in NFTs. Asian counties such as Hong Kong and China are dominating NFTs in terms of online search.