By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Alchemy Pay Web3 Innovation Pioneer Award from Forbes
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Crypto > Digital Assets > Alchemy Pay Web3 Innovation Pioneer Award from Forbes
Crypto

Alchemy Pay Web3 Innovation Pioneer Award from Forbes

Shayne Heffernan Ph.D.
Last updated: January 17, 2023 1:02 am
Shayne Heffernan Ph.D.
Share
4 Min Read
SHARE

Fiat-crypto payment gateway Alchemy Pay and its co-founder and majority shareholder, Shawn Shi,have been officially recognised by Forbes with the Web3 Innovation Pioneer award on 11 January. The Singapore-based payment solutions provider has a major research and development hub across Asia that has pioneered new payment systems at the very edge of modern fintech – convenient payments that seamlessly enable movement of funds between traditional fiat currency and cryptocurrency. 

After its establishment in 2018, Alchemy Pay became the number one crypto payment system in Southeast Asia. 2022 saw Alchemy Pay move to d2c solutions for the first time. Its on and off-ramp and NFT checkout were all launched in Q3 and Q4 last year. The constant upgrades and innovations since initial launch has created a full suite of offerings that satisfy newcomers and surprise crypto natives. The ramp services (plugin or API) have been integrated by platforms all across the Web3 space, from large scale exchanges and to small, specialised token issuers and dApps.

The Forbes award recognises the company’s pioneering achievements in the fintech/crypto space. Forbes picked out entrepreneurs, investors, contributors to open source projects and crypto ecosystems who have made significant contributions to the development of Web3, saying they were “aiming to find cases of value creation by innovative companies in the Web 3.0 field, and to show how the current Web 3.0 wave is shaping a higher level of autonomy.”

Shawn Shi commented: “It is great to receive industry recognition for our work in the payment space. The scope of possibility is wide open and our team is always pushing the boundaries. We have proven again and again that any payment scenario with any customisation is possible. I’m very proud of our team and 2023 will continue to expand our vision.”

Alchemy Pay ended the year by integrating with Arbitrum, the world’s largest Ethereum scaling layer-2, going live with Apple Pay, and becoming an official service provider by Visa. Its success comes from its team’s significant working knowledge with both legacy finance and blockchain technology. At the foundation of the ramp is a network of payment processors, acquirers, exchanges, dApp devs and blockchains. This has been no small task; the team has a wealth of talent with expertise and it also managed to avoid any direct contagion from the recent fallout and scandals of the crypto market.

Alchemy Pay supports Mastercard and Visa in 173 countries, as well as large scale banking systems such as SEPA in Europe. Where the team has been at the forefront of invention, though, is in its peerless coverage in emerging markets such as SEA and Latin America. Locally based mobile wallets have become a huge part of the payment market in these emerging markets and Alchemy Pay enables users to buy and sell crypto using them. The result is that crypto platforms and services are able to access hitherto unreachable markets around the world.

Shawn Shi laid out his thoughts for the coming year: “In 2023 there will be no stopping us. This year will see the launch of our app that will be a one-stop shop for users who want to feel the full power and scope of what Web3 and crypto can offer. We are building for the long term.”

Follow Alchemy Pay

Website:https://alchemypay.org/
Twitter:https://twitter.com/alchemypay
LinkedIn:https://www.linkedin.com/company/alchemypay/
Medium :https://alchemypay.medium.com/
YouTube:https://www.youtube.com/c/AlchemyPay 

You Might Also Like

Knightsbridge: Pioneering a Corporate Currency Revolution

Specific Parts of the Donald Trump Bill Upsetting Elon Musk

Still a Strong Buy $BABA

Top U.S.-Listed Bitcoin Companies $BMNR $MARA $RIOT $CIFR $CORZ $COIN

Saudi Red Sea: A Rising Star in Luxury Tourism

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article The Coins that are Flying
Next Article Beauty Farm Medical and Health Industry Inc. ("BeautyFarm Med" or "Company", stock code: 2373.HK) BeautyFarm Med 2373 Hong Kong a Buy


Latest News

Larry Fink Says Tokenized Assets Are Coming, and Knightsbridge Is Ready
Education Forex Gold Headline News KXCO Guide Opinion Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Stocks Strategy USD June 3, 2025
shayne heffernan bitcoin
Why You Must Own Bitcoin
Bitcoin Featured Headline News KXCO Guide Most Popular Opinion Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Strategy Todays Trade Ideas May 31, 2025
Prada Launches New Bangkok Showpiece
Art Fashion Headline News Lifestyle Lifestyles of the RIch and Famous Living Luxury Shayne Heffernan May 30, 2025
Knightsbridge Boosts Nvidia Target to $200 $NVDA
AI Headline News KXCO Guide Nasdaq Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Stocks Strategy Todays Trade Ideas US Stocks May 30, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?