Alchemy Pay, a renowned platform that provides a hybrid payment infrastructure for both crypto and fiat currencies, has recently announced a new partnership. The company has expanded its support to Tether’s USDT and Circle’s USDC stablecoins on Celo, which is a blockchain network that is compatible with the Ethereum Virtual Machine (EVM) and focuses on mobile-first applications. Alchemy Pay took to social media platform X to announce this exciting collaboration.
Building on their previous partnership, Alchemy Pay is thrilled to facilitate 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 also provided more details about this new endeavor in a comprehensive blog post. The platform highlighted that Celo has integrated both USDT and USDC tokens on its mainnet. By leveraging this integration, Alchemy Pay enables users to acquire these stablecoins on the Celo network using native fiat currencies and regular fiat payments.
This extension allows users within the robust Celo ecosystem to utilize the USDT and USDC tokens. Celo, with its extensive network of over 1,000 collaborators across 150 jurisdictions, offers an ideal platform for this collaboration. Alchemy Pay, on the other hand, provides easy access and unparalleled support for crypto assets. This partnership ensures that both newcomers and experienced crypto enthusiasts can seamlessly onboard Celo-USDT and Celo-USDC.
The collaboration between Alchemy Pay and Celo combines the unique features of both companies to offer an unmatched user experience. In May of last year, Alchemy Pay integrated cUSD and CELO tokens onto its on-ramp platform. This integration allowed users to easily interact with these digital tokens for everyday use in a compliant manner. Celo, with its mobile-first blockchain, focuses on providing cost-efficient and fast payments worldwide. With its Ethereum compatibility and real-world solutions, Celo aims to empower users worldwide and create a resilient digital financial ecosystem. The company is supported by a diverse community, including collaborators like Deutsche Telekom, Opera, and Telefónica.
Meanwhile, Alchemy Pay operates in 173 jurisdictions globally and ensures seamless crypto purchases through a wide range of payment options. The platform accepts conventional credit cards like Mastercard and Visa for domestic transactions, as well as local mobile wallets. With over 300 native payment channels, Alchemy Pay continues to expand its access to regional mobile wallets, providing users with a smooth checkout experience.
In summary, Alchemy Pay’s expansion of support for USDT and USDC tokens on Celo allows users to easily acquire these stablecoins using fiat currencies and regular fiat payments. The collaboration between Alchemy Pay and Celo combines the strengths of both companies to offer a unique and seamless user experience.
