Alchemy Pay vs CoinsPaid: Inside the B2B Crypto Payment Infrastructure War Reshaping Global Commerce

When 78% of Fortune 500 companies are either exploring or piloting crypto payments for international B2B transfers, the question isn't whether crypto payment infrastructure matters—it's who will build the rails that carry the next trillion dollars. Two platforms have emerged as frontrunners in this race: Alchemy Pay, the Singapore-based gateway serving 173 countries with ambitions to become a "global financial hub," and CoinsPaid, the Estonia-licensed processor that handles 0.8% of all global Bitcoin activity. Their battle for B2B dominance reveals the future of how businesses will move money across borders.

The Stakes: A $3.5 Billion Market Growing at Warp Speed

The crypto payment gateway market tells a story of explosive growth. Valued at $1.5 billion in 2024, it's projected to reach $3.5 billion by 2030, with some estimates suggesting even faster expansion to $4.07 billion by 2029. But these aggregate numbers obscure the more dramatic shift happening in B2B corridors.

Stablecoin-based cross-border B2B payments exploded from under $100 million in early 2023 to over $3 billion in monthly volume by 2025. Smart contracts are expected to facilitate 80% of crypto payments in business-to-business settings for efficiency gains that traditional banking simply cannot match. B2B payments through crypto gateways have seen 50% year-over-year increases as businesses discover that cryptocurrency offers lower fees and faster settlement compared to traditional SWIFT systems.

The U.S. alone is forecast to see 82.1% growth in crypto payment adoption between 2024-2026. Global crypto payment volume in retail is projected to hit $600 billion by the end of 2026. And yet, many businesses still face challenges with settlements and compliance—creating massive opportunities for platforms that can solve these pain points at scale.

Alchemy Pay: The Asian Powerhouse Building a Blockchain Empire

Alchemy Pay emerged from Singapore in 2018 with a simple but ambitious thesis: bridge fiat and crypto economies for global consumers, merchants, and institutions. Today, that thesis has evolved into one of crypto's most aggressive expansion strategies.

Global Reach and Integration Depth

The numbers are staggering. Alchemy Pay's network spans 173 countries and regions, aggregating 300+ payment channels including integrations with Visa, Mastercard, Binance Pay, and Shopify. The platform supports 50+ fiat currencies and 100+ mainstream cryptocurrencies, serving 3 million users as of 2024.

What separates Alchemy Pay from competitors is the depth of its regional integrations, particularly across Southeast Asia. The platform has embedded itself into local payment ecosystems through partnerships with Alipay HK, GCash in the Philippines, DANA in Indonesia, and QRIS—enabling users to purchase crypto and NFTs using their familiar local payment methods.

Recent 2025 partnerships underscore the platform's momentum:

• LINE Messenger Integration: Alchemy Pay's complete ramp solution now operates directly within the LINE DApp Portal, reaching 196 million LINE users through partner KaiaChain
• Ripple Partnership: Powering fiat on-ramps for RLUSD, Ripple's compliant stablecoin
• Avalanche Integration: Bringing AVAX into Alchemy Pay's extensive on-ramp solution
• Xterio NFT Checkout: Enabling global NFT purchases via credit cards and local fiat methods
• Bitso Listing: Adding ACH to Mexico's largest crypto exchange for Latin American expansion

The Alchemy Chain Gambit

Perhaps most significant is Alchemy Pay's plan to launch Alchemy Chain, a Layer 1 blockchain optimized for stablecoin transactions, in Q4 2025. The network will use ACH for gas fees and integrate major stablecoins like USDC and USDT, targeting cross-border payment efficiency that existing infrastructure cannot match.

The roadmap extends through 2026 with mainnet deployment, RPC nodes, developer SDKs, and transaction explorer tools planned for Q2 2026. A proprietary stablecoin is slated for launch after Alchemy Chain goes live. Analysts predict Alchemy Chain could become a $50 billion+ settlement layer by 2026—though such projections require significant execution.

Regulatory Foundation

Alchemy Pay has invested heavily in regulatory compliance, securing licenses in multiple jurisdictions:

• Electronic Financial Business Registration in South Korea
• Digital Currency Exchange Provider (DCEP) registration in Australia
• 10 U.S. state licenses with more pending
• Registration under Visa's Ramp Provider Program through Worldpay partnership

This regulatory-first approach positions Alchemy Pay for what it calls its transformation "from a crypto payment gateway into a global financial hub."

CoinsPaid: The Gaming-Native European Champion

While Alchemy Pay pursued breadth across consumer and merchant verticals, CoinsPaid carved a different path: depth in high-volume, high-risk verticals where crypto adoption was already strong.

The Gaming Vertical Lock

CoinsPaid, founded in 2014 and headquartered in Estonia, has become synonymous with crypto payments in online gaming. The platform processes approximately €1 billion in monthly volume, serving over 800 merchants with particular strength in gaming partnerships including integration with SoftSwiss, a major iGaming software provider.

The platform handles 0.8% of global Bitcoin activity—a remarkable concentration for a single payment processor. This gaming focus isn't accidental; it reflects CoinsPaid's strategic bet that high-volume, crypto-first merchants would drive more sustainable growth than chasing mainstream retail adoption.

Technical Infrastructure

CoinsPaid positions itself as a crypto payment ecosystem rather than a single tool:

• Multi-Asset Wallets: Supporting 20+ cryptocurrencies and 40 fiat currencies for conversion
• Security: 4-eyes approval security concept for enterprise-grade protection
• OTC Desk: Handling large transactions over €1 million
• Payment Processing: Instant processing with 13-language payment page support
• E-commerce Integration: Ready-made plugins for popular platforms with robust API support

Fee structures favor high-volume merchants:

• Payment acceptance: 0.5%–1.5%, depending on monthly transaction volume
• Fiat withdrawals: 1%–3%, depending on currency and method
• No monthly account fees, deposit/withdrawal fees, or hidden transfer charges

Regulatory Positioning

Operating under Estonian regulation, CoinsPaid maintains AML/KYC controls aligned to EU requirements. This European compliance base has proven valuable as MiCA (Markets in Crypto-Assets) regulation reshapes the continent's crypto landscape. Recognition as "Best Cryptocurrency Payment Gateway – Europe 2025" by industry awards validates this approach.

Head-to-Head Comparison: Where Each Platform Excels

Feature	Alchemy Pay	CoinsPaid
Geographic Coverage	173 countries	150+ countries
Payment Channels	300+	Focused gaming integration
Cryptocurrencies	100+	20+
Fiat Currencies	50+	40
Monthly Volume	Not disclosed	~€1 billion
User Base	3 million (2024)	800+ merchants
Primary Vertical	Consumer + merchant	Gaming + high-risk
Own Blockchain	Alchemy Chain (Q4 2025)	No
Regulatory Approach	Multi-jurisdiction	EU-focused

When to Choose Alchemy Pay

• Asian Market Focus: Unmatched integrations with Alipay HK, GCash, DANA, and regional payment rails
• Consumer-Facing Products: On-ramp/off-ramp services for crypto platforms and wallets
• RWA Integration: Access to tokenized stocks and ETFs through xStocks Alliance partnership
• Ecosystem Play: ACH token appreciation potential through Alchemy Chain adoption

When to Choose CoinsPaid

• Gaming Vertical: Deep SoftSwiss integration and gaming-specific compliance
• European Operations: MiCA-aligned compliance from Estonia-licensed entity
• High-Volume Processing: OTC desk and volume-based pricing for large merchants
• Bitcoin-Heavy Operations: Specialized infrastructure for BTC-dominant payment flows

The Competitive Landscape Beyond the Big Two

Neither Alchemy Pay nor CoinsPaid operates in a vacuum. The B2B crypto payment space includes formidable alternatives:

BVNK holds 25+ global licenses and serves enterprises like Deel, Worldpay, Rapyd, and Ferrari across 130+ markets. Its instant auto-conversion from stablecoins to fiat currencies (USD, EUR, GBP) appeals to enterprises wanting crypto rails without crypto exposure.

B2BinPay offers full-stack infrastructure supporting 350+ currencies across multiple chains, with off-chain transfers to reduce network costs—a critical feature for high-frequency B2B payments.

NOWPayments supports over 300 cryptocurrencies and 75 fiat currencies with automatic conversion, though it targets a broader merchant base rather than enterprise-specific needs.

BlockBee offers a non-custodial model with fees starting at 0.25%—among the lowest in the industry—appealing to businesses prioritizing cost over feature depth.

What This Means for B2B Payment Strategy

The Alchemy Pay vs CoinsPaid comparison illuminates a broader strategic question facing businesses adopting crypto payments: vertical depth versus horizontal breadth.

CoinsPaid's gaming dominance demonstrates that owning a vertical completely can be more valuable than serving many verticals partially. Its 0.8% share of global Bitcoin activity, concentrated largely in gaming, represents genuine market power in a specific corridor.

Alchemy Pay's approach—building infrastructure layers that could become foundational for multiple verticals—carries higher execution risk but potentially unlimited upside. If Alchemy Chain succeeds as a settlement layer, every transaction on the network could generate value for ACH holders.

For businesses evaluating these platforms, the decision framework is clear:

1. Vertical Fit: Does the platform have deep expertise in your industry?
2. Geographic Alignment: Does its regulatory footprint match your operational needs?
3. Volume Economics: Do fee structures reward your expected transaction patterns?
4. Future Roadmap: Does the platform's direction align with your long-term strategy?

The Road Ahead: 2026 and Beyond

The crypto payment infrastructure war is entering a decisive phase. Alchemy Pay's Alchemy Chain launch in late 2025 represents a bet that payment processors can evolve into settlement layer providers—a fundamental upgrade in business model and value capture.

CoinsPaid's focus on becoming the definitive infrastructure for gaming and high-risk verticals reflects a different thesis: that deep vertical expertise trumps horizontal expansion in a market where compliance complexity rewards specialization.

Both approaches have merit. Both carry risk. And both point to a future where crypto payment infrastructure becomes as essential to global commerce as the card networks that preceded it.

The next year will reveal which thesis prevails—or whether the market is large enough for both to thrive in their respective domains. With B2B crypto payments growing at 50% annually and stablecoin volumes reaching new highs, the only certainty is that the infrastructure powering these flows will become increasingly valuable.

---

BlockEden.xyz provides enterprise-grade blockchain infrastructure for the payment networks of tomorrow. As crypto payment rails become critical infrastructure, reliable node services and API access form the foundation of every transaction. Explore our API marketplace to build payment infrastructure on foundations designed for institutional scale.