Alchemy Pay Integrates Sumsub’s Travel Rule Solution

On Tuesday, the Alchemy Pay team announced via a blog post that it has partnered with Sumsub, a global leader in verification, to integrate its leading Travel Rule solution across Alchemy Pay’s entire product suite

Sumsub connects with counterparties via a Travel Rule solution integrated with 1,800+ VASPs across major protocols like GTR, TRP, CODE, Sygna. By integrating Sumsub’s comprehensive Travel Rule compliance solution, Alchemy Pay is empowering its platform with automated, secure data exchange protocols that enable seamless information sharing between counterparties in virtual asset transfers. Sumsub’s infrastructure will bolster Alchemy Pay’s ability to collect, validate, and transmit required transaction data while maintaining a smooth user experience.

Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down 3.5% in the last 24 hours and trades at $0.00199.