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Alchemy Pay and Cobo Custody Sign Strategic Cooperation to Integrate Fiat-Crypto Payment and Financial Services

Alchemy Pay and Cobo Custody Sign Strategic Cooperation to Integrate Fiat-Crypto Payment and Financial Services

Alliance Aims For International Expansion

Secure wallet and crypto custody services provider Cobo has partnered with Alchemy Pay to add hybrid crypto-fiat payment convenience to its platform, joining forces to offer high performance overseas payment channels to millions of customers. The collaboration has asset management and DeFi on the collaborative agenda as well, completing a comprehensive international expansion drive.

“Alchemy Pay is expanding globally, as is Cobo”

Cobo offers a secure mobile wallet (Cobo Wallet), a high-end cold storage wallet (Cobo Vault), and custodial services for institutional investors that allow clients to focus on investing and managing their crypto portfolios with peace of mind. Clients in each of these segments will receive the additional benefit of payment options with both fiat and crypto currency through Alchemy Pay.

Completing the synergy of the partnership, Alchemy Pay will be able to access the Cobos client network as well as offer its clients enhanced security and custodial benefits under Cobo’s expertise.

“Alchemy Pay is expanding globally, as is Cobo,” said John Tan, CEO of Alchemy Pay. “And by joining forces with one of the best crypto wallet and custody providers in Asia, we can better serve the clients that are the foundation of our growth. Moreover, Alchemy Pay increases its base of client touchpoints through the Cobo network.”

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Cobo is led by Discus Fish, one of the early cryptocurrency pioneers, and co-founder of F2Pool, now the world’s largest mining pool of integrated digital currencies. Commenting on the partnership, Fish said that “Alchemy Pay and Cobo both are pioneers in our respective fields, and this is a basis for all the more synergy in our approach to the opportunities we will pursue together. Each partner brings additional usage scenarios to the other. It’s a great fit.”

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