Alchemy Pay's recent $10 million funding round is indicative of a major breakthrough for the South Korean cryptocurrency sector. The company provides a unique and innovative solution for businesses to access fiat payment systems and thus, to connect with the traditional financial system. By working with payment processors like Visa, Apple Pay and Mastercard, Alchemy Pay aims to capitalize on the nation's high acceptance of cryptocurrencies.

In addition, Alchemy Pay recently announced a partnership with OKX, a cryptocurrency exchange. This joint venture makes it easier for customers to purchase crypto using local currencies by offering the company's fiat onramp solutions.

Furthermore, DWF Labs, a market maker, has recently invested $165 million in eight crypto and Web3 projects in the past six weeks. Andrei Grachev, the company's managing partner, believes that this bearish market is the ideal time to enter the investment space due to the amount of profits the company accrued.

Alchemy Pay's native token, ACHP, is worth over $180 million, steadily increasing in value. This signifies a positive reaction from investors which, combined with DWF Labs' investments, is a promising portent for the future of the cryptocurrency industry.



Other News from Today