Alchemy Pay, a popular platform that provides a hybrid payment infrastructure for both crypto and fiat currencies, has recently announced a new partnership. According to Alchemy Pay, they have expanded their support to Tether’s USDT and Circle’s USDC stablecoins on Celo, which is an EVM-compatible and mobile-first blockchain network. The company took to social media to announce this exciting collaboration.
Building on their previous partnership, Alchemy Pay is thrilled to offer the direct acquisition of Celo-native USDC and USDT using local fiat currencies and regular fiat payments. This service is available in 173 countries and supports over 50 fiat currencies.
In addition to the announcement on social media, Alchemy Pay has provided more details about this partnership in a comprehensive blog post. They explain that Celo has deployed both the USDT and USDC tokens on its mainnet, allowing users to acquire these stablecoins on Celo. This process utilizes native fiat currencies as well as regular fiat payments.
This extension enables users on the robust Celo ecosystem to make use of the USDT and USDC tokens. Celo has more than 1,000 collaborators in 150 jurisdictions, while Alchemy Pay provides easy access and unparalleled support. This means that both newcomers and experienced crypto enthusiasts can easily use Celo-USDT and Celo-USDC.
This collaboration combines the unique features of both companies to offer an exceptional user experience. In May of last year, Alchemy Pay integrated cUSD and CELO tokens onto their on-ramp platform, allowing users to interact with these digital tokens in a straightforward and compliant manner. Celo’s mobile-first blockchain focuses on providing cost-efficient and fast payments worldwide.
With EVM compatibility, Celo aims to reach consumers globally and provide equal opportunities for prosperity. The company’s Ethereum scaling, along with real-world solutions, is creating a resilient digital financial ecosystem. Celo’s platform is supported by a diverse community, including ecosystem collaborators such as Deutsche Telekom, Opera, and Telefónica.
On the other hand, Alchemy Pay operates in 173 jurisdictions worldwide and ensures widespread crypto purchases. They offer a wide range of payment options, including traditional credit cards like Mastercard and Visa for domestic transactions, as well as local mobile wallets. The platform has over 300 native payment channels and continues to expand its access to regional mobile wallets, ensuring a seamless checkout experience.
In summary, Alchemy Pay has expanded its support for USDT and USDC tokens on the Celo blockchain. This partnership combines the strengths of both companies to offer a unique and user-friendly experience for crypto enthusiasts worldwide.