Alchemy Pay, the global leader in Web3 payment solutions, has announced its investment in LaPay UK Ltd, a UK-based fintech company dedicated to facilitating international business growth for companies.
Significantly, LaPay holds an Authorized Payment Institution (API) license in the UK with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA). The strategic investment represents the latest milestone for Alchemy Pay and is in line with its commitment to secure over 20 licenses globally in key regions such as the US, UK, Hong Kong, Singapore, Australia and South Korea.
Gibbs Lvy, co-founder of Alchemy Pay, commented on the importance of this investment, stating: “LaPay is an FCA regulated fintech company and this investment represents a key milestone in our global payments licensing strategy.” Together we want to serve users in the future Offer a full range of Web3 payment services, including money transfers in local fiat currency and foreign exchange. We previously operated globally as a compliant Web3 payment solutions provider, but today our investment in LaPay gives us greater reach and new opportunities in the UK and global markets.”
He emphasized: “Innovative fintech companies like LaPay are reshaping the dynamics between traditional banking, finance, payments and Web3.” Currently, established financial giants such as PayPal, Visa, Revolut and others are also venturing into Web3 fintech, marking the beginning a transformative era in the global financial payments landscape where payments, wallets, custody services and stablecoins are gradually integrated into traditional banking, finance and payments infrastructures.”
Alchemy Pay is gradually building its comprehensive Web3 payment ecosystem by deeply integrating license resources and global compliance credentials, expanding alternative payment methods (APMs) globally to enhance service capabilities, and launching various payment products to cover different scenarios. With its current collection of 6 regulatory licenses across 4 continents, Alchemy Pay aims to apply for and secure over 20 licenses by 2024, solidifying its extensive presence worldwide.