To make cryptocurrency purchases easier for Indian users, Bitget, a well-known cryptocurrency exchange, and Alchemy Pay, a leader in global payment solutions, have partnered. As per the update on Bitget, customers may now easily purchase cryptocurrencies with the Indian Rupee (INR) using UPI and IMPS, thanks to Alchemy Pay’s On-Ramp integration. Through this agreement, users will benefit from unmatched ease and flexibility, as the fiat and crypto asset conversion procedure is more straightforward.
With over 25 million users spread over over 100 countries and regions, Bitget is a prominent platform dedicated to providing consumers with sophisticated trading solutions. Its unique copy trade feature has drawn notice, in particular. Bitget is delivering localized benefits to Southeast Asia by expanding its services in response to the region’s growing need for cryptocurrency payment options. After effectively serving the demands of its user base in several important Southeast Asian countries, Bitget is now expanding to India, where it will further improve accessibility for local users with INR support.
The Market Penetration Strategy of Alchemy Pay
Alchemy Pay, a Singaporean startup founded in 2017, has made providing cryptocurrency on-ramp solutions its top priority to outperform rivals, especially in emerging regions. By concentrating on developing areas, particularly in Southeast Asia and Latin America, Alchemy Pay has made considerable headway in capturing market share.
Alchemy Pay has demonstrated its dedication to regulatory compliance and global expansion by obtaining compliance licenses across many countries and regions worldwide, streamlining new user onboarding for partners such as Bitget. Alchemy Pay’s standing as a reliable payment service provider is further cemented by its acceptance by two of the biggest names in the payment business, Visa and Mastercard.
India’s Legal Environment and CBDC Matters to Take Into Account
RBI Governor Shaktikanta Das’s announcement that the central bank is actively considering making its digital currency available offline is a significant milestone in the Indian digital assets industry. This announcement demonstrates the Indian government’s proactive approach to assisting and regulating the unregulated sector.
This action demonstrates India’s resolve to embrace digital innovation, overcome regulatory issues, and advance financial inclusion.
The partnership between Bitget and Alchemy Pay is a major step toward making cryptocurrency purchases easier for Indian consumers. The country’s regulatory changes and Alchemy Pay’s deliberate market penetration both represent how the country’s digital asset market is changing.
Disclaimer: We are obsessed with cryptocurrency and love to write articles to express our thoughts. This article is for informational purposes and contains the writer’s personal opinion. Don’t consider it financial advice from the author or the CoinzBTC team. Do your research and think twice before making any investment decisions. CoinzBTC does not take responsibility for any financial losses.
