SINGAPORE - Media OutReach - 18September 2019 - Alchemy Global PaymentSolutions Limited (Alchemy), a global cryptocurrency payment pioneer, whichpowers businesses with cryptocurrency payment systems and solutions, haspartnered with Singapore-based Arcadier,the world's fastest-growing online marketplace builder, and QFPay, a leading digital fiat paymenttechnology company that serves over 1.2 million merchants across 13 markets inAsia and the Middle East, to launch Asia's first hybrid crypto and fiat paymentsolution (Alchemy Hybrid Payment Solution).

The Alchemy Hybrid PaymentSolution, which can be conveniently installed as an application on smartphones,tablets and point-of-sales terminals, is aimed at helping merchants acceptpayments from leading fiat digital wallets in Asia such as Alipay, WeChat Pay,Rabbit LinePay etc. and over 30 popular cryptocurrencies including Bitcoin, Ethereum,Bitcoin Cash, Litecoin, Gemini Dollar and Tether. Merchants using the AlchemyHybrid Payment Solution will be settled in the local fiat currency of choicewith no settlement risk, for example, SGD in Singapore, HKD in Hong Kong.

"The Alchemy Hybrid PaymentSolution is a game changer for the global cryptocurrency market as it propelscryptocurrencies towards truly becoming a global currency. It creates real-lifeuse cases for cryptocurrencies as crypto holders can now spend theircryptocurrencies to purchase goods and services in addition to their investmentfunctions," stated Patrick Ngan, Co-Founder and CEO of Alchemy. "We willcontinue to integrate new and popular cryptocurrencies such as Facebook's Librato drive usage and liquidity for cryptocurrencies."

The Alchemy Hybrid PaymentSolution, which brings together the synergies of blockchain technology anddigital payments, has garnered strong interest from industry leaders andcryptocurrency communities alike. Alchemy is currently in discussions with various verticals in both thefiat and cryptocurrency space including crypto exchanges, OTC platforms,cryptocurrency issuers and other crypto wallets to further enhance thecapabilities and payment options of Alchemy Hybrid Payment Solution.

"The Alchemy Hybrid PaymentSolution provides businesses with an intuitive application and fiat settlementoption so they can accept cryptocurrencies just like a regular fiat mobilepayment method," says Will Leung, Co-Founder and General Manager of QFPay HongKong. "Our recent successful launch across Pricerite's retail chain stores waswell received by the general public and crypto community alike. We areheartened by the growing demand for this solution and expect to rollout to moremerchants in Hong Kong, Singapore and the rest of Asia in coming months."

Available for online and offline payments, the Alchemy Hybrid Payment Solution is set to make its onlinedebut by partnering with leading online marketplace platform provider Arcadierwho will have the hybrid payment option as part of its payment gateway offeringto users of its platform. "We are pleased to partner with Alchemy to makeavailable a unique payment proposition, allowing both crypto and mobilepayments for eCommerce. The partnership will certainly enhance our paymentpartner ecosystem." Shared Dinuke Ranasinghe, Co-Founder and CEO of ArcadierGroup. "Payments is integral to the success of all eCommerce businesses. Alchemy's Hybrid Payment Solution allows us to remain at theforefront of eCommerce innovations and support our users' ever changing paymentneeds."

Alchemy and QFPay havealready launched the Alchemy Hybrid Payment Solution in Hong Kong withPricerite -- the leading home furnishing specialist with over 20 retail chainstores, marking Hong Kong's first local retail chain to accept both fiat andcryptocurrencies. In Singapore, the Alchemy Hybrid Payment Solution waslaunched with Midwest Global Asia, the largest payment solutions provider fortransportation professionals in Singapore which serves over 2,500 drivers thatprovide concierge, tour and transportation services.

About Alchemy Global Payment Solutions Limited

Alchemy Global PaymentSolutions (Alchemy) is a global crypto payment pioneer and leader that providesbusinesses and merchants with cryptocurrency payment systems and solutions.Alchemy leverages on a decentralized payment consensus protocol to connect andbenefit the entire payment ecosystem, from payment partners to merchants andcurrency holders. Alchemy's hybrid crypto and fiat payment system islaunch-ready and deployed at over 2000 merchant sales points in Hong Kong andSingapore since July 2019.

AboutAcardier Pte. Ltd.

Arcadier is the world's fastest-growingmarketplace builder and is the recognised global leader of multi-vendor marketplacetechnology with users from more than 170 countries. Founded in 2013 inSingapore by senior PayPal executives, Arcadier enables enterprises, SMBs,communities and start-ups to build their white-labelled marketplacesefficiently and cost effectively. Arcadier's platform supports variouseCommerce models in B2B, B2C, P2P, eProcurement, Service & Rental, andSharing Economy marketplace ideas across industry verticals such as retail,consumer goods, commodities, industrial and services.

AboutQFPay International Limited

QFPay is a leading mobile paymenttechnology, solution and service provider with presence across 13 markets inAsia and Middle East. Since its incorporation in 2012, QFPay is empoweringmerchants with end-to-end online and offline QR-code mobile payment solutionsand value added services including food ordering services and customer loyaltyprograms. To date, QFPay's solutions have served over 1.2 million merchants andexecuted over 1 billion transactions. These customers range from large, mediumand small merchants, from luxury fashion and jewellery brands to restaurantsand hotels, exhibitions to convenience store chains.