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Leading crypto payment solution, Alchemy Pay, continues to expand the operations of BitStore, one of the leading SocialFi and crypto investment platforms in Asia. Apart from including credit cards and PayPal payment alternatives for BitStore, Alchemy Pay has added more payment options.

Highlights Of The New Features From Alchemy Pay

Some of the options that Alchemy Pay has added are domestic instant transfer and mobile wallet services. Alchemy Pay will also be adding more off-ramp features for BitStore. Thus, BitStore users can swap their cryptos for fiat and deposit their fiat directly into their local bank accounts.

Alchemy Pay has more than 100 fiat currencies available on its platform. These new features prove that Alchemy Pay is gradually becoming a force of reckoning within the VASP space. It also enhances BitStore’s reputation and popularity in Southeast Asia and Europe.

BitStore is the most popular social crypto investment platform among retail investors in Indonesia. Even though it was only launched last year, the platform’s growth has been rapid. BitStore now boasts nearly 700,000 users.

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BitStore’s userbase has risen by 30% between last November and now. Last November was the first time these two firms would collaborate. BitStore’s simple and intuitive user interface has made the platform a popular choice among non-techy persons.

The platform is not only beginner-friendly, but users can also make secure crypto investments conveniently. The app uses several social elements to be better than the competition, especially the SocialFi model. A combination of all these features enhances the popularity of BitStore.

All Investors, Regardless Of Their Experience Level, Can Use The Bitstore Platform

Inexperienced investors can also take advantage of BitStore’s pieces of training to improve their investment knowledge. Thus, they can make better investment decisions. Also, the platform adopts Web3.0 technology to enable users to establish decentralized groups.

Hence, regardless of their experience level, all investors can benefit from the information shared in the ecosystem. The platform has discussion groups for trades, live news, and other detailed training. While speaking on the new development, BitStore chief executive, Carl Moss, said, “adding Alchemy Pay’s new features is a big step forward for our users to make easy and safe payments.”

He also said, “the inclusion of mobile wallets payments is huge. Our Asian users have been requesting this payment option. It is an option whose popularity continues to grow by the day. Also, we are far ahead of the competition because of the Alchemy Pay functionality that enables us to pay out from our platform.”

Alchemy Pay CEO, John Tan, added that Alchemy Pay would support more than 300 fiat currencies by Q3 2022.  He also said, “we are seeking to expand our platform’s functionality that enables users to swap cryptos for fiat and deposit directly to their local banks. We would also be expanding our involvement in the Web3 space with our on-ramp services.”

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Alicia Maher

By Alicia Maher

Alicia Maher is an accomplished news writer with a passion for storytelling. With years of experience in the field, she is skilled at delivering accurate, engaging, and insightful news coverage to her audience.