Alchemy Pay, a leading payment gateway for fiat and cryptocurrency, has formed a strategic partnership with the CKB Eco Fund. As a result of this collaboration, users now have the ability to purchase CKByte ($CKB), the first fully BTC-isomorphic Layer 2 (L2) protocol, using various fiat payment methods through Alchemy Pay’s fiat-on-ramp solution. The primary objective of this partnership is to enhance accessibility to $CKB by offering a seamless and compliant purchasing process.
The partnership allows users to securely purchase $CKB through an integrated on-ramp on the CKB Eco Fund’s website, as well as directly on the Alchemy Pay Ramp platform. The on-ramp supports multiple payment options, including Visa, MasterCard, mobile wallets, and bank transfers. These payment methods simplify the process for users across the globe to easily and compliantly acquire $CKB.
CKByte ($CKB) plays a crucial role in the Nervos Network, where it is utilized for transaction fees and data storage. Each CKB that a user holds allows them to store one byte of data on the network’s base layer. The CKB Eco Fund, which is known for incubating and investing in projects that connect CKB to the Bitcoin ecosystem, supports the development of decentralized applications in sectors such as DeFi, gaming, and NFTs.
Alchemy Pay, established in 2017, specializes in bridging the gap between cryptocurrency and traditional fiat payments. With operations in 173 countries and over 300 payment channels, the platform supports various local mobile wallets and ensures a seamless checkout process. Alchemy Pay’s extensive global licensing, which covers regions such as the UK, U.S., Canada, Indonesia, and Lithuania, demonstrates its commitment to regulatory compliance and establishes it as a trusted leader in the crypto payment industry.
The mission of the CKB Eco Fund is to connect CKB with the Bitcoin ecosystem. In January 2024, the fund launched the BTCKB initiative, which aims to enhance the integration of Bitcoin’s blockchain with the CKB network. This development seeks to improve Bitcoin’s programmability and introduce smart contract functionalities through CKB’s innovative architecture.
The partnership between Alchemy Pay and the CKB Eco Fund represents a significant milestone in expanding access to $CKB, further bridging the gap between the fiat and crypto ecosystems. With Alchemy Pay’s robust infrastructure and CKB’s cutting-edge technology, this collaboration is poised to advance the accessibility of digital assets and drive innovation within the blockchain sector.