Alchemy Pay, a leading provider of hybrid payment infrastructure for crypto and fiat currencies, has announced a new partnership. The company has expanded its support to Tether’s USDT and Circle’s USDC stablecoins on Celo, a blockchain network that is compatible with the Ethereum Virtual Machine (EVM) and prioritizes mobile use. Alchemy Pay made the announcement on social media platform X, expressing excitement about the collaboration.
Building on their previous partnership, Alchemy Pay is now enabling the direct acquisition of Celo-native USDC and USDT using local fiat currencies and regular fiat payments. This service is available in 173 countries, with support for over 50 fiat currencies.
In addition to the announcement on X, Alchemy Pay provided more details about the partnership in a comprehensive blog post. The platform highlighted that Celo has deployed USDT and USDC tokens on its mainnet, allowing users to acquire these stablecoins on Celo. The platform utilizes native fiat currencies and regular fiat payments for this purpose.
This extension enables users in the robust Celo ecosystem to leverage the USDT and USDC tokens. Celo, with over 1,000 collaborators in 150 jurisdictions, provides a wide range of opportunities. Alchemy Pay, on the other hand, offers easy access and unparalleled support, catering to both new and experienced crypto enthusiasts who want to onboard Celo-USDT and Celo-USDC.
The collaboration between Alchemy Pay and Celo combines the unique features of both companies to offer an exceptional user experience. In May last year, Alchemy Pay integrated cUSD and CELO tokens onto its on-ramp platform, allowing users to interact with these digital tokens in a simple and compliant manner. Celo, with its mobile-first blockchain, focuses on providing cost-efficient and fast payments globally.
Celo’s EVM compatibility aims to reach consumers worldwide and promote equal opportunities. With its Ethereum scaling and real-world solutions, the company is accelerating the development of a resilient digital financial ecosystem. Celo’s platform is supported by a diverse community, including collaborators like Deutsche Telekom, Opera, and Telefónica.
On the other hand, Alchemy Pay operates in 173 jurisdictions worldwide, ensuring widespread availability of crypto purchases and offering a diverse range of payment options. The platform accepts traditional credit cards like Mastercard and Visa for domestic transactions, as well as local mobile wallets. It has over 300 native payment channels and continues to expand its access to regional mobile wallets, providing a seamless checkout experience.
Tags: ACH, USDC