Alchemy Pay, a global Web3 payment solution provider, has
recently announced its investment in LaPay UK Ltd, a fintech company based in
the United Kingdom, which facilitates international business growth for
corporations.
Notably, LaPay possesses an Authorised Payment Institution License
in the UK, and operates under the regulation of the UK Financial Conduct Authority
(FCA). This strategic investment aligns with its objectives to acquire over
20 licenses globally by the year 2024, focusing on regions such as the United
States, United Kingdom, Hong Kong, Singapore, Australia, and South Korea.
🚀#AlchemyPay has revealed its investment in LaPay, a UK-based fintech company, to obtain an Authorised Payment Institution (API) License in the UK.
This allows us to leverage the financial capabilities gained through the license for global expansion.https://t.co/CRGUzc4dIu$ACH pic.twitter.com/DR84mebHi0— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) March 28, 2024
Alchemy Pay is building its Web3 payment ecosystem by integrating
licensing resources and ensuring compliance on a global scale. Currently,
Alchemy Pay holds 6 regulatory licenses spanning 4 continents.
Gibbs Lvy, the Co-Founder of Alchemy Pay, emphasized:
“Innovative fintech firms like LaPay are reshaping the dynamics between
traditional banking, finance, payments, and Web3. Currently, established
financial giants like PayPal, Visa, Revolut, and others are also venturing into
Web3 fintech, marking the beginning of a transformative era in the global
financial payments landscape, where payments, wallets, custody services, and
stablecoins are gradually integrating into traditional banking, finance, and
payment infrastructures.”
The Necessity for Common International Approaches in
Regulation
The head of the FCA, Ashley
Alder, stressed the importance of global cooperation in regulating
financial technology (fintech) due to its rapidly evolving nature, as reported
by Finance Magnates. He
highlighted that while fintech innovation presents opportunities, it also
brings risks that necessitate smart policy responses from regulators worldwide.
Alder emphasized the need for international collaboration to support firms and
consumers in managing these risks effectively. He mentioned that fintech
companies now rival traditional banks in major European economies, driving
disruption and innovation in the financial sector.
Alder acknowledged
regulators’ dual mandate of fostering innovation while safeguarding stability
and competition, mentioning regulatory sandboxes as a means of controlled
experimentation. He underscored the necessity for common international
approaches to address emerging risks in fintech and protect financial stability
and competition.
Alchemy Pay, a global Web3 payment solution provider, has
recently announced its investment in LaPay UK Ltd, a fintech company based in
the United Kingdom, which facilitates international business growth for
corporations.
Notably, LaPay possesses an Authorised Payment Institution License
in the UK, and operates under the regulation of the UK Financial Conduct Authority
(FCA). This strategic investment aligns with its objectives to acquire over
20 licenses globally by the year 2024, focusing on regions such as the United
States, United Kingdom, Hong Kong, Singapore, Australia, and South Korea.
🚀#AlchemyPay has revealed its investment in LaPay, a UK-based fintech company, to obtain an Authorised Payment Institution (API) License in the UK.
This allows us to leverage the financial capabilities gained through the license for global expansion.https://t.co/CRGUzc4dIu$ACH pic.twitter.com/DR84mebHi0— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) March 28, 2024
Alchemy Pay is building its Web3 payment ecosystem by integrating
licensing resources and ensuring compliance on a global scale. Currently,
Alchemy Pay holds 6 regulatory licenses spanning 4 continents.
Gibbs Lvy, the Co-Founder of Alchemy Pay, emphasized:
“Innovative fintech firms like LaPay are reshaping the dynamics between
traditional banking, finance, payments, and Web3. Currently, established
financial giants like PayPal, Visa, Revolut, and others are also venturing into
Web3 fintech, marking the beginning of a transformative era in the global
financial payments landscape, where payments, wallets, custody services, and
stablecoins are gradually integrating into traditional banking, finance, and
payment infrastructures.”
The Necessity for Common International Approaches in
Regulation
The head of the FCA, Ashley
Alder, stressed the importance of global cooperation in regulating
financial technology (fintech) due to its rapidly evolving nature, as reported
by Finance Magnates. He
highlighted that while fintech innovation presents opportunities, it also
brings risks that necessitate smart policy responses from regulators worldwide.
Alder emphasized the need for international collaboration to support firms and
consumers in managing these risks effectively. He mentioned that fintech
companies now rival traditional banks in major European economies, driving
disruption and innovation in the financial sector.
Alder acknowledged
regulators’ dual mandate of fostering innovation while safeguarding stability
and competition, mentioning regulatory sandboxes as a means of controlled
experimentation. He underscored the necessity for common international
approaches to address emerging risks in fintech and protect financial stability
and competition.
