Instpower: Crypto payments at 14K locations with Binance Pay, Alchemy Pay

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Instpower, the world’s leading power bank-charging service, has teamed up with Binance Pay and Alchemy Pay to let its users pay with cryptocurrency for power bank devices at more than 14,000 locations worldwide.  Mobile Phone Charger Docking Station

Instpower: Crypto payments at 14K locations with Binance Pay, Alchemy Pay

Due to its borderless nature, crypto is the ideal payment method for Instpower’s shared power banks that are commonly used by travellers to charge their devices while on-the-go at hotels, restaurants, bars and airports.

Due to its integration with Binance Pay via Alchemy Pay, users can pay with crypto at Instpower machines in Japan, Germany, Austria, Italy, the United Kingdom, Turkey, France, Hungary, Canada, Mexico and Brazil, with many more regions to come.

Pakning Luk, regional head of business development at Binance Pay, said, “We are pleased to be making crypto payments possible for Instpower users who will directly benefit from borderless cryptocurrencies. We are delighted to have the support of our partner Alchemy Pay to make this happen.”

Since the partnership was announced in August 2021, Alchemy Pay, one of the industry’s leading crypto-fiat payment providers, has facilitated Binance Pay’s crypto-to-fiat settlement process. Designed by Binance, the world’s largest crypto exchange, Binance Pay is a contactless-crypto payment technology where users can shop with or send crypto to friends and family worldwide.

A video of Instpower’s power banks accepting crypto payments via Binance Pay can be seen here.

Cody Lee, founder of Instpower, said, “This seamless integration of Binance Pay via Alchemy Pay’s payment solutions marks a huge step forward in our drive to make our power banks as accessible and flexible as possible for our customers worldwide. We believe cryptocurrency will play an increasingly important part in the future of digital payments, and crypto’s borderless nature benefits our travelling customers.”

John Tan, CEO of Alchemy Pay, said, “We are delighted to be providing the backend solutions for Binance Pay’s crypto payments for a fast-growing, global presence like Instpower. We continue to make crypto a highly accessible form of payment for real-world services, which we believe holds the key to worldwide crypto adoption and a more equitable financial system.”

Founded in Singapore in 2018, Alchemy Pay is a payment-solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto, permitting easy onboarding to blockchain ecosystems and making Web3 services highly accessible. 

Today, Alchemy Pay is supported in more than 70 countries with 300 payment channels and has touchpoints with more than 2 million merchants through partnerships with industry leaders such as Binance, Shopify, Nium and QFPay. The Alchemy Pay (ACH) token is ERC-20 protocol-native to the Ethereum blockchain. 

Founded in Hong Kong in 2019, Instpower is the global leading power bank-sharing company committed to providing customers immediate charging anywhere, anytime for their mobile phones, tablets, earbuds, e-cigarettes, laptops or other electronic devices. Instpower has launched its business in 13 countries and is backed by two charging-industry heavyweights, Anker and Sunwoda.

Press visuals can be obtained here.

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