Burger King Paris Accepts Crypto Payments Via Alchemy Pay And Binance Pay

Burger King, the popular fast-food chain, has installed Instpower power bank rental machines that accept crypto payments in its Parisian restaurants. This move is part of a partnership with crypto payment providers Alchemy Pay and Binance Pay. Instpower is a world-leading power bank-charging service that has teamed up with the two payment providers to allow its users to pay with cryptocurrency for power bank devices at over 14,000 locations globally.

Crypto Payment Solution

Flash Development, the distributor responsible for deploying Instpower machines across Europe, sees this collaboration with Burger King in Paris as a significant milestone in its European operations. Yann Phu, the company’s CEO, said the inclusion of the machines at the fast-food chain would enable customers to power their devices while on the move. He also noted that while power banks are widely used in Asia, their market is still developing in Europe. Having Alchemy Pay facilitate cryptocurrency payments via Binance Pay makes the payment option cutting-edge and accessible to Europeans.

Instpower’s shared power banks are frequently used by travelers to charge their devices while on-the-go at hotels, restaurants, bars, and airports. The borderless nature of cryptocurrency makes it the ideal payment method for such services.


First Hybrid Merchant Payment System

Alchemy Pay, founded in Singapore in 2018, is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users. In 2019, the company launched the world’s first hybrid merchant payment acceptance system, which allowed merchants to receive cryptocurrency payments from customers both in-store and online. By 2021, Alchemy Pay had touchpoints with over 2 million merchants in 70+ regions.

In 2021, Alchemy Pay’s network partnered with Binance to facilitate its Binance Pay payment method. Alchemy Pay’s on and off-ramp solution is integrated with platforms and dApps, providing an easy onboarding from fiat currency to crypto. It supports payments from 173 countries with Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallets, and domestic bank transfers, with a focus on emerging markets. Its offramping capability remits to users in 50+ local fiat currencies.