Samsung Pay unveils new crypto card
Bringing the crypto world closer to everyday life
Samsung Pay now offers a hassle-free way to spend cryptocurrency through its integration with Alchemy Pay, allowing crypto to be used for online or in-store purchases.
With a buildup of momentum and no end in sight, more people around the world are tapping into crypto for real-world transactions and services.
A survey conducted by global strategy consulting firm EY-Parthenon highlights that shopping—as well as paying family and friends—is the top way people have been practically spending their crypto.
Meanwhile, companies have been contributing to bridging the gap. Their efforts have opened possibilities beyond the virtual landscape.
Now, things are bound to become even more exciting with Samsung Pay's integration with Alchemy Pay. The top fiat-to-crypto payment channel has revealed its collaboration for one of its virtual cards.
Over half a million Alchemy Pay virtual card holders can now enjoy smoother shopping with their crypto holdings. Users from regions including Australia, Europe, North and South America, Africa, and Asia can access this feature.
🚀#AlchemyPay now featuring integration with #SamsungPay on one of its virtual cards💳
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) October 8, 2024
🛍️Our Virtual Card holders can now experience fast, secure transactions by linking their cards to Samsung Pay to shop online or in-store 🏬https://t.co/LNKkgcTSHp$ACH pic.twitter.com/VaIJXP4YOj
Despite the growing number of people paying with crypto, some still find the concept confusing. Alchemy Pay’s virtual card allows crypto assets to be spent like conventional money, unlocking real-world use cases for cardholders.
Supported platforms include Apple Store, ChatGPT Plus, Amazon, Netflix, and Midjourney, among others.
This feature roll-out comes just weeks after Alchemy Pay completed its integration with Google Pay last September. Alchemy Pay has also partnered with Apple Pay since 2023 for fiat-to-crypto purchases.
This collaboration with Samsung Pay furthers Alchemy Pay’s mission to connect crypto and fiat currencies, benefiting users and businesses.
A spokesperson from Alchemy Pay told Cointelegraph they expect demand to soar due to this integration, as more users may easily hop into their service.
Alchemy Pay has ambitious plans to scale its supported platforms further, potentially integrating with networks like American Express, Mastercard, and Visa.
Samsung Pay, a global payment leader, simplifies transactions in both online and physical spaces, handling billions in transaction volume across 173 countries. The integration with Alchemy Pay was designed to be user-friendly: virtual cardholders simply verify if the Samsung Pay logo is on their card and link it in-app.
This advancement pushes forward the practicality of cryptocurrencies for daily living. As more integrations surface and more people opt for crypto payments, everyday life and transactions are bound to evolve.
