Alchemy Pay has a strong foothold in Europe, Southeast Asia, and Northern and Latin America. It is now looking to further its expansion in the Korean market. That could soon be a reality, considering the payment gateway service provider has entered into a strategic partnership with DWF Labs. The developments came to light after Alchemy Pay secured funding of $10 million from the multi-stage Web3 investment firm.

Alchemy Pay reportedly had a $400 million market value at the time of funding.

Alchemy Pay plans to utilize the funds raised by capitalizing on the high level of acceptance of cryptocurrency in Korea, expand the payment business in the market, and assist regional companies in achieving their international aspirations.

DWF Labs adds to the list that has big and traditional names like Google Pay, Apple Pay, Visa, MasterCard, and Diners Club, to mention a few. Alchemy Pay surpasses conventional means of payment by providing access to more than 300 different payment channels on a local level..

(by Trevor Holman)