Alchemy Pay has announced a groundbreaking partnership with Linea, integrating the Linea blockchain into its ramp service platform. This collaboration aims to simplify the transfer of major virtual assets such as ETH, USDT, USDC, and FOXY on the Linea network using local fiat currencies.
With support for transactions in over 50 local fiat currencies, this partnership not only expands Linea’s reach but also streamlines the transaction process on its network, marking a significant advancement in blockchain accessibility.
This collaboration ushers in a new era of convenience for users and developers within the Linea ecosystem. Through Linea’s ecosystem portal, stakeholders now have instant access to Alchemy Pay’s ramp services.
This integration enables seamless conversions between crypto and fiat currencies, utilizing familiar payment methods like Visa, Mastercard, Google Pay, Apple Pay, various mobile wallets, and bank transfers. These enhancements are poised to create a more user-friendly environment, fostering wider adoption and engagement with the Linea network.
Empowering developers and users with robust security and seamless transactions, Linea stands out in the blockchain landscape with its secure zkEVM ecosystem designed to support decentralized applications (dapps). Its infrastructure, based on cryptographically secure zk-Rollups, ensures unparalleled network security.
Alchemy Pay enhances this ecosystem with its globally accessible Ramp service, essential in expanding Linea’s audience. This service benefits everyday users as well as developers seeking to build on the Linea blockchain, providing them with an efficient payment gateway. This is critical for developers requiring reliable and easy financial transactions to support their applications and user bases.
Alchemy Pay’s Ramp service supports a wide range of cryptocurrencies and offers fiat-based purchase capabilities in 173 countries through its network of over 300 local payment channels. This global service extends beyond traditional credit and debit card options, incorporating local mobile wallets to enhance the user experience with convenient payment solutions.
In addition, Alchemy Pay’s commitment to regulatory compliance is demonstrated by its acquisition of licenses for payment services in various jurisdictions, including the UK, the U.S., Canada, Indonesia, and Lithuania. Notably, it has recently obtained an Authorized Payment Institution License in the UK.
Recognized by major financial networks like Visa and Mastercard as an authorized service provider, Alchemy Pay’s adherence to strict compliance and regulatory standards assures partners and users of its reliability and security as a fiat-crypto payment gateway.