Alchemy Pay brings crypto to Burger King
The well-known fast food chain, Burger King has started accepting crypto payments at one of its locations in Paris, thanks to Alchemy Pay and Binance Pay and Instapower power bank top-up service.
Binance and Alchemy Pay solution bring crypto payments to Paris-based Burger King
Burger King in Paris has added the Instapower powerbank top-up servicewhich has partnered with providers of crypto payments Alchemy Pay and Binance Pay.
In Paris 🇫🇷, the global fast food chain #BurgerKing 🍔, has installed the popular #Instpower power bank rental machines that accept crypto payments facilitated by crypto payment providers, #AlchemyPay and #BinancePay.
Read more here👇https://t.co/UsQBXXP929$ACH
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) March 27, 2023
Essentially, users and customers of the French capital’s fast food chain will be able to pay with cryptocurrency through power bank devicesat more than 14,000 points of sale worldwide.
Instapower’s new solution is today widely used in Asiawhile in Europe it only now seems to be starting to embrace the idea, the partnership with Burger King in Paris being one example.
Alchemy Pay launched its first hybrid payment authorization system in 2019, enabling in-store and online merchants to receive cryptocurrency payments from customers.
By 2021, the cryptocurrency payment acceptance system had touch points with more than 2 million merchants in more than 70 regions.
And indeed, precisely since 2021, the Alchemy Pay network has partnered with Binance to facilitate Binance Pay.
Alchemy Pay and its partnership with Binance Pay to expand crypto payments
Before the Instapower solution, Alchemy Pay and Binance Pay had already formed their own partnership.
In fact, as early as August 2021, Binance Pay had managed to bring crypto payments to Shopifyonce again thank you Alchemy Pay. Essentially, Alchemy Pay is a fiat-crypto hybrid payment provider which, combined with Binance Pay’s wallet, creates a bridge for cryptocurrency payments.
But in addition to Shopify, networks that already relied on Alchemy Pay at the time included QFPay, Pricerite, Ce La Vi, Aldo and Arcadier Saas. Not only that, it did Midwest Global Asia taxi service which included a network of as many as 2,500 limousine drivers at the time.
The introduction of Instapower came the following year, as this 2022 tweet indicates:
We are happy to have a smooth connection with #BinancePay via @AlchemyPay which gives end users flexible options for renting #instpower power banks.
đź‘ŹEmbracing crypto, with flexible payment methods and worldwide access.#Binance #CryptoPayments
— instpower (@instpower) 25 May 2022
France and the regulation of crypto
While in the French capital it is now possible to eat French fries and hamburgers while paying for BTC and other crypto-assets, the country is still at the forefront of cryptocurrency regulation.
And indeed, France has seen a number of approvals of new rules for cryptocurrency companies aimed at cracking down on illegal activities and strengthening supervision to prevent fraud.
In fact, all of these regulations have already approved by French lawmakers on December 22, 2021and now awaiting President Emmanuel Macron’s signatureso they become law.
