Alchemy Pay, a leader in the fiat-to-crypto payment gateway sector, has joined forces with AltLayer, an open-source decentralized protocol, to introduce a borderless solution for On and Off-ramp transactions within its ecosystem. This collaboration aims to simplify digital money transactions for individuals worldwide who lack access to bank accounts or credit cards.
We are thrilled to announce our partnership with AltLayer! #AlchemyPay is bringing seamless On and Off-Ramp solutions to AltLayer’s ecosystem. Developers and users can now enjoy effortless global crypto transactions across 173+ countries, using their preferred payment methods and local fiat currencies. pic.twitter.com/jDIJ5Vu8Nn
AltLayer Boosts User Experience with Alchemy Pay Partnership
The partnership between Alchemy Pay and AltLayer is focused on enhancing the user experience within the AltLayer ecosystem. By utilizing Alchemy Pay’s plugin, developers and dApps on the AltLayer platform can easily integrate on-and-off ramps. This integration enables users to buy or sell any cryptocurrency using various payment methods, including WeChat Pay, against different local fiat currencies.
AltLayer is renowned for its unique ‘rollup-as-a-service’ (RaaS) model and its innovative concept of restaked rollups. They achieve this through their proprietary technology combined with EigenLayer’s restaking mechanism, which improves decentralization, security, interoperability, and efficiency of these systems. This collaboration with Alchemy Pay further solidifies AltLayer’s position as one of the top blockchain solution providers.
The Alchemy Pay and AltLayer partnership demonstrates a shared commitment to advancing the use cases for blockchain technology. By offering tailored rollup solutions and efficient On/Off Ramp services, both companies are making cryptocurrency transactions more accessible and inclusive. This aligns with industry-wide efforts to promote mass adoption of digital assets.
Alchemy Pay to Expand Global Payment Gateway Reach
Alchemy Pay’s payment gateways cover 173 countries and include Visa and Mastercard payments, Apple Pay, Google Pay, domestic transfers, and popular mobile wallets in emerging markets such as Nigeria and Kenya. With over 300 supported local payment channels, Alchemy Pay ensures high conversion rates and minimal fees. Additionally, the gateway streamlines customer onboarding processes, enhancing overall user satisfaction.
The partnership between Alchemy Pay and AltLayer represents a significant step forward in this field. It not only offers conventional methods for cryptocurrency transactions but also introduces new avenues through altcoin intermediaries like AltLayer.
Tags: ACH