RATE Group | Patrick Ngan Teases Asia’s First Unified Crypto-Fiat Payment System
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Patrick Ngan Teases Asia’s First Unified Crypto-Fiat Payment System

14 Nov Patrick Ngan Teases Asia’s First Unified Crypto-Fiat Payment System

Posted at 08:40h in Cryptocurrency News by

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Speaking on stage at BlockShow 2019 in Singapore today, Alchemy Global Payment Solutions (Alchemy GPS) co-founder Patrick Ngan discussed some details of how his company is making it easier to pay for everyday goods and services with cryptocurrency.

Ngan emphasized the power of choice to make consumers and merchants happier. Calling his company’s “the first unified crypto-fiat payment solution in Asia,” he described a merchant product that lets the customer decide whether they want to pay in local fiat currency or a popular cryptocurrency of their choice.

“People in this audience probably have a lot of Bitcoin,” Ngan said. “Instead of trading that currency, we can give you the chance to freely spend it on that expensive bottle of Dom Perignon, or a fancy handbag.”

The Alchemy GPS merchant app is already available for download from Google Play and the App Store. It supports a number of payment systems popular throughout Asia, including Alipay,…

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