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Fiat-crypto payment gateway Alchemy Pay today announced a partnership with parent processor Checkout.com.

The partnership sees Alchemy Pay’s on and off-ramp integrate with Checkout.com’s Visa and Mastercard channels — with its NFT Checkout also slated to see integration “in the near future” — according to a press release.

Alchemy Pay claims the new integration helps it achieve “one of the highest payment acceptance rates in the industry” while allowing users to buy and sell crypto through the aforementioned card providers.

“The smooth conversion process facilitated by Checkout.com plays a crucial role in eliminating obstacles to widespread crypto and NFT service adoption, perfectly aligning with Alchemy Pay’s mission of bridging the gap between the fiat and crypto global economies,” the Singapore-based crypto-fiat payment gateway states.

The new partnership continues a trend of Alchemy Pay partnering with a slew of companies in an effort to expand its reach. It has also aggressively obtained operational licenses in multiple countries, including the United States.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bankrupt FTX Trading and Genesis Global Holdco have reached an agreement in principle to settle a dispute surrounding their bankruptcy protection cases, their lawyers said.

In a letter submitted Thursday to a bankruptcy judge, legal counsels for both firms said they intend to “promptly document the Settlement and file a motion pursuant to Federal Rule of Bankruptcy Procedure 9019(a) for entry of an order approving the Settlement in their respective courts.”

The letter, however, did not elaborate on the settlement.

Bankrupt FTX has previously claimed that crypto lender Genesis owed the failed exchange as much as $2 billion, a dispute that would likely delay Genesis’s own court proceedings, Bloomberg reported earlier this month.

Genesis hit by 3ac, FTX

In January, Genesis filed for Chapter 11 bankruptcy protection in New York federal bankruptcy court after it took a financial hit following the collapses of crypto hedge fund Three Arrows Capital and FTX last year.

Genesis owes around $3.6 billion to its top 50 creditors, including claims from Gemini, the crypto exchange founded by the Winklevoss twins.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.