- Alchemy Pay announced the integration of domestic bank transfer support to facilitate seamless and cost-effective crypto purchases using the Turkish lira (TRY).
- The new feature aims to bridge the gap between fiat and crypto economies, providing easier access to Web3 services through real-world payment systems.
- This development significantly enhances crypto accessibility in Turkey, catering to the needs of Turkish users who prefer local fiat currency for crypto transactions.
In a significant move to bridge the gap between traditional fiat and burgeoning crypto economies, Alchemy Pay has announced the addition of domestic bank transfer support in Turkey. The new feature is designed to foster seamless and cost-effective cryptocurrency purchases using the local fiat currency, the Turkish lira (TRY).
Previously, Alchemy Pay joined Pendulum to streamline the fiat-to-crypto transaction system. It incorporated PEN Token while doing so and this new development follows the lead.
Alchemy Pay, recognized for its mission to integrate real-world payment systems with Web3 services, has enhanced its platform to cater to the growing demand for cryptocurrency in the Turkish market. This advancement streamlines the process for Turkish users, simplifying the fiat-to-crypto transaction experience and making it more accessible to the mainstream audience.
The integration of domestic bank transfers is a game-changing feature for Alchemy Pay, as it allows Turkish users to bypass the complexities typically associated with crypto transactions. By simplifying the process, the platform ensures that users can purchase digital assets directly with TRY, fostering a more efficient and cost-effective approach to crypto investments.
This development is particularly significant for the Turkish market, which has seen a rising interest in digital assets. Alchemy Pay’s decision to add bank transfer support caters to the needs of Turkish users who prefer to use their local fiat currency for crypto transactions, and it marks an important milestone in enhancing crypto accessibility in Turkey.