Alchemy Pay makes an investment in LaPay UK Ltd to kickstart the global expansion of businesses across various sectors. LaPay UK Ltd operates as a fintech company in the United Kingdom, while Alchemy Pay is a renowned Web3 payment service provider on a global scale.

LaPay holds an Authorized Payment Institution (API) License issued by the Financial Conduct Authority (FCA) in the United Kingdom under reference number 914920. This investment marks a pivotal moment for Alchemy Pay as it strives to acquire more than twenty certifications from countries such as the United States, United Kingdom, Hong Kong, Singapore, Australia, and South Korea, among others.

According to Gibbs Lvy, co-founder of Alchemy Pay, the organization aims to offer users a wide range of Web3 payment solutions, including local fiat currency transfers and future foreign exchange options. He emphasizes that the investment in LaPay will open up new opportunities in the robust markets of the United Kingdom and beyond.

Lvy highlights the transformative role of fintech companies like LaPay in revolutionizing traditional banking, finance, payments, and Web3. Major players in the industry, including PayPal, Visa, and Revolut, are increasingly focusing on Web3 fintech, leading to significant changes in the global financial payments landscape.

Alchemy Pay is actively working to build a comprehensive Web3 payment ecosystem by integrating certification pathways and international compliance standards. The organization aims to introduce alternative payment methods (APMs) to enhance service capabilities and offer diverse payment products tailored to various needs.

Currently, Alchemy Pay holds six certifications from four continents and is committed to obtaining over twenty certifications to establish a global presence. Founded in Singapore in 2017, Alchemy Pay serves as a bridge between cryptocurrencies and traditional fiat currencies, offering services such as NFT checkout, On & Off Ramp service, and payments in 173 countries. The Ramp provides a unified solution for buying and selling cryptocurrency and fiat, while the NFT checkout allows for the direct purchase of NFTs using fiat currency.