Alchemy Pay, a prominent player in the fiat-to-crypto payment gateway sector, has joined forces with AltLayer, an open-source decentralized protocol, to introduce a seamless On and Off-ramp solution across its ecosystem. This strategic move aims to simplify digital currency transactions for individuals worldwide who lack access to traditional banking services or credit cards.
Exciting news as we unveil our collaboration with @alt_layer! #AlchemyPay is set to revolutionize On and Off-Ramp solutions within #AltLayer’s ecosystem. Users and developers can now enjoy effortless crypto transactions globally, spanning over 173 countries, with a variety of payment options and local fiat currencies. pic.twitter.com/jDIJ5Vu8Nn — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 30, 2024
AltLayer Enhances User Experience through Alchemy Pay Partnership
The partnership between Alchemy Pay and AltLayer is geared towards enhancing the user experience within AltLayer’s ecosystem. By leveraging Alchemy Pay’s plugin, developers and dApps on the AltLayer platform can seamlessly integrate on-and-off ramps, facilitating the buying and selling of cryptocurrencies using payment methods like WeChat Pay and others, against different local fiat currencies.
AltLayer is renowned for its innovative ‘rollup-as-a-service’ (RaaS) model and the concept of restaked rollups, achieved through its proprietary technology in conjunction with EigenLayer’s restaking mechanism. This collaboration, in tandem with Alchemy Pay, reinforces AltLayer’s position as a leading provider of blockchain solutions, enhancing decentralization, security, interoperability, and efficiency within its systems.
The alliance between Alchemy Pay and AltLayer underscores their mutual commitment to advancing the utility of blockchain technology. By offering tailored rollup solutions and efficient On/Off Ramp services, both companies aim to make cryptocurrency transactions more accessible, aligning with broader industry initiatives focused on driving mass adoption of digital assets.
Alchemy Pay Expands Global Payment Gateway Reach
Alchemy Pay’s payment gateways support Visa and Mastercard payments in 173 countries, as well as Apple Pay, Google Pay, domestic transfers, and popular mobile wallets in emerging markets like Nigeria and Kenya. With over 300 supported local payment channels, the gateway ensures high conversion rates and minimal fees, streamlining customer onboarding processes and enhancing user satisfaction overall.
The partnership between Alchemy Pay and AltLayer marks a significant milestone in the industry, paving the way for innovative approaches to cryptocurrency transactions through altcoin intermediaries like AltLayer. This collaboration signifies a shift towards more diverse and user-friendly methods of conducting transactions in the digital asset arena.