Hassan Maishera
On Friday, the Alchemy Pay team announced via a blog post that it has officially gained admission to the Association for Quality Assurance of Financial Services (VQF) as a recognised Self-Regulatory Organisation (SRO) in Switzerland.
This regulatory achievement allows Alchemy Pay to offer secure and compliant fiat-to-crypto and crypto-to-fiat exchange services, especially stablecoin payment solutions to the Swiss market.
As part of this membership, Alchemy Pay will continue to meet the rigorous compliance standards set by VQF, ensuring secure and transparent operations within Switzerland’s rapidly growing stablecoins and crypto market. This regulatory framework creates a solid foundation for Alchemy Pay to expand its stablecoin payment infrastructure, which offers businesses and consumers a more efficient alternative to traditional payment rails.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down 7% in the last 24 hours and trades at $0.02280.
