Web3 SocialFi Platform Bit.Store Raised Equity Funding from Alchemy Pay
Bit.Store, a global social cryptocurrency investment platform has successfully secured equity funding from Alchemy Pay, the world-leading fiat-crypto payment solutions provider. As part of the deal, Alchemy Pay acquired a 15% stake in Bit.Store. This funding marks a significant milestone for Bit.Store, enabling it to tap into Alchemy Pay’s advanced payment capabilities, including Google Pay and Apple Pay, to deliver greater value to our one million users.
The funds will go towards full-upgrade of Bit.Store, including enhancing Bit.Store’s technical team, improving research and development efficiency, optimizing the product, and providing users with a convenient, secure and user-friendly product experience. Furthermore, Bit.Store will onboard users through Alchemy Pay’s on/off ramps solution, which includes Visa, Mastercard, Google Pay, Apple Pay and other payment services, to help more Web 2 users seamlessly transition into the Web3 world.
“We are excited to have Alchemy Pay as our partner in our journey. Their expertise and resources in the crypto payment industry will empower our users by making it easy to invest in crypto through safe and secure payments.” said Bit.Store’s co-founder Carl Moss, “We hope all the users will have complete ownership of their digital assets.”
Launched in 2020, Bit.Store is an easy to use digital asset investment platform that aims to help people new to crypto to start trading Bitcoin and a small basket of other cryptocurrencies while providing access to education and a community of other traders.
With social features added to make it more informative, the platform provides traders of varying experience a place to share and exchange a data bank of trades, investment strategies, profitability records, transaction records.
Backed by Alchemy Pay, the funding will also support Bit.Store’s expansion and marketing efforts in Southeast Asia, Europe and the United States, leveraging Alchemy Pay’s global capabilities.
About Alchemy Pay
Founded in Singapore in 2018, Alchemy Pay is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users. The Alchemy Pay Ramp Solution is integrated, via plugin or API, with platforms and dApps, providing an easy onramp from fiat currency to crypto. Alchemy Pay’s supports payments from 173 countries — Visa, Mastercard, Google Pay, Apple Pay, popular regional mobile wallets, and domestic transfers with a focus on emerging markets. Its offramping capability remits to users in 50+ local fiat currencies.
Website: https://alchemypay.org
Twitter: https://twitter.com/alchemypay
LinkedIn: https://www.linkedin.com/company/alchemypay
Medium: https://alchemypay.medium.com/
YouTube: https://youtube.com/@AlchemyPay
About Bit.Store
Bit.Store is a global social digital asset investment platform that aims to make it possible for novices, average investors, and experts alike to conveniently and securely access the crypto investment market. We are also a social platform that provides access to education, news, and other investment tools to help all investors increase their knowledge and make informed investment decisions.
Website:http://bit.store/
Telegram:https://t.me/Bitstore_official
Twitter:https://twitter.com/www_bit_store
Medium:https://medium.com/@bitstoreteam
