Patrick Ngan Teases Asia's First Unified Crypto-Fiat Payment System

Speaking on stage at BlockShow 2019 in Singapore today, Alchemy Global Payment Solutions co-founder Patrick Ngan discussed some details of how his company is making it easier to pay for everyday goods and services with cryptocurrency.

Ngan emphasized the power of choice to make consumers and merchants happier.

Calling his company's "The first unified crypto-fiat payment solution in Asia," he described a merchant product that lets the customer decide whether they want to pay in local fiat currency or a popular cryptocurrency of their choice.

"People in this audience probably have a lot of Bitcoin," Ngan said.

The Alchemy GPS merchant app is already available for download from Google Play and the App Store.

It supports a number of payment systems popular throughout Asia, including Alipay, WeChat Pay, Paynow, and Rakuten Pay, as well as major cryptocurrencies.

Alchemy GPS can also support fiat settlement for keeping more conventional books.

"We want to enable all the popular crypto tokens out there to be accepted by our merchant system. Anyone who buys tokens should be able to easily spend them."

Alchemy GPS is already up and running in Singapore and Hong Kong today - if you're attending BlockShow, then you can already pay for local cab rides with crypto.

Ngan ended his presentation by announcing plans for expansion to other crypto-friendly countries.