Alchemy Pay Joins Mastercard Crypto Partner Program to Expand Fiat-Crypto Payments

According to official statements, Alchemy Pay and Sei separately joined Mastercard’s crypto partner program, highlighting efforts to connect fiat-crypto payments, on-chain commerce, and blockchain evaluation for financial services.

SEI

Summary

Alchemy Pay and Sei both announced participation in Mastercard’s crypto partner program, reflecting Mastercard’s ongoing engagement with digital asset and blockchain firms. Alchemy Pay said the partnership focuses on payment tools that bridge fiat currency and cryptocurrency and on exploring on-chain commerce integrations worldwide. Sei said its participation follows prior collaboration with Mastercard on a white paper outlining a framework for evaluating blockchain in financial services. Together, the announcements point to broader efforts to link digital asset infrastructure with mainstream payment systems and assess blockchain for real-world financial use cases.

Terms & Concepts
  • Fiat-crypto payments: Payment systems that let users move between government-issued money and cryptocurrencies for spending, settlement, or transfers.
  • On-chain commerce: Commercial activity recorded on a blockchain, allowing transactions and related processes to be executed through blockchain networks.
  • White paper: A formal document that outlines a concept, framework, or proposal, often used in finance and crypto to explain technical or strategic ideas.