Alchemy Pay, a pioneer in the realm of fiat-to-crypto payment gateways, has joined forces with AltLayer, an open-source decentralized protocol, to revolutionize the borderless On and Off-ramp solution within its ecosystem. This collaboration aims to simplify digital currency transactions for individuals worldwide who lack access to traditional banking services or credit cards.
Excited to unveil our exciting partnership with @alt_layer! #AlchemyPay is set to introduce seamless On and Off-Ramp solutions to #AltLayer’s ecosystem. Developers and users alike can now enjoy effortless crypto transactions across 173+ countries, utilizing preferred payment methods and local fiat currencies. pic.twitter.com/jDIJ5Vu8Nn — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 30, 2024
Enhancing User Experience through AltLayer’s Partnership with Alchemy Pay
The strategic alliance between Alchemy Pay and AltLayer aims to enhance user experience within the AltLayer ecosystem. By leveraging Alchemy Pay’s plugin, developers and decentralized applications (dApps) on the AltLayer platform can seamlessly integrate on-and-off ramps. This integration enables users to buy or sell any cryptocurrency using a variety of payment methods, including WeChat Pay, against different local fiat currencies.
AltLayer is renowned for its innovative ‘rollup-as-a-service’ (RaaS) model and the concept of restaked rollups, utilizing their proprietary technology in conjunction with EigenLayer’s restaking mechanism. This collaboration not only enhances decentralization, security, interoperability, and efficiency within these systems but also cements AltLayer’s position as a leading blockchain solution provider.
The partnership between Alchemy Pay and AltLayer signifies a shared 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’s Global Payment Gateway Expansion
Alchemy Pay’s payment gateways support Visa and Mastercard payments in 173 countries, as well as Apple Pay and Google Pay. Additionally, the platform facilitates domestic transfers and integrates popular mobile wallets in emerging markets like Nigeria and Kenya.
With over 300 supported local payment channels, Alchemy Pay ensures high conversion rates and minimal fees, streamlining customer onboarding processes to enhance overall user satisfaction.
Ultimately, Alchemy Pay’s partnership with AltLayer represents a significant stride forward in the industry, paving the way for innovative cryptocurrency transactions through altcoin intermediaries like AltLayer, alongside traditional methods.
Tags: ACH