- Alchemy Pay and Bitget have joined forces to streamline crypto purchases for Indian users, offering seamless conversion between Iran Rupee (IRN) and cryptocurrencies.
- The partnership enables Indian users to easily purchase cryptocurrencies using the Indian Rupee (INR).
- This collaboration reflects the growing demand for crypto payment solutions in India and highlights the evolving regulatory landscape.
Alchemy Pay and Bitget partner to simplify crypto purchases for Indian users, leveraging the Indian Rupee (INR) for seamless transactions.
Alchemy Pay and Bitget Partnership
Alchemy Pay, a global leader in payment solutions, has collaborated with Bitget, a prominent cryptocurrency exchange and Web3 company, to streamline crypto purchases for Indian users. Through Alchemy Pay’s On-Ramp integration, Bitget users can now effortlessly utilize the Indian Rupee (INR) to acquire cryptocurrencies.
Bitget’s Expansion in Southeast Asia
Bitget, boasting a vast user base exceeding 25 million across 100+ countries and regions, stands out as a leading platform committed to empowering users with intelligent trading tools. Leveraging Alchemy Pay’s ramp solution, Bitget has successfully met the needs of its user community in key Southeast Asian nations and now extends its reach to India, further enhancing accessibility for local users through INR support.
Alchemy Pay’s Market Penetration Strategy
Founded in 2017 and based in Singapore, Alchemy Pay has prioritized offering crypto on and off-ramp solutions, positioning itself ahead of competitors, particularly in emerging markets. To facilitate the onboarding of new users for partners like Bitget, Alchemy Pay has secured compliance licenses across various countries and regions worldwide, underscoring its commitment to regulatory compliance and global expansion.
India’s Regulatory Landscape and CBDC Considerations
In a significant development within India’s digital assets space, RBI Governor Shaktikanta Das has announced the central bank’s active consideration of making its digital currency available offline. This move underscores India’s commitment’s to embracing digital innovation while addressing regulatory concerns and promoting financial inclusion.
Conclusion
The collaboration between Alchemy Pay and Bitget marks a significant milestone in simplifying crypto purchases for Indian users, while Alchemy Pay’s strategic market penetration and India’s regulatory developments reflect the evolving landscape of digital assets within the country.
