Alchemy Pay, a renowned platform that provides a hybrid payment infrastructure for cryptocurrencies 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, a blockchain network that is compatible with Ethereum Virtual Machine (EVM) and focuses on mobile usage. The platform made the announcement on social media platform X.
In addition to the X announcement, Alchemy Pay also provided detailed insights about this collaboration in a comprehensive blog post. The platform highlighted that Celo has integrated both USDT and USDC tokens on its mainnet, allowing users to acquire these stablecoins on Celo. The platform reportedly leverages native fiat currencies and regular fiat payments for this purpose.
This extension enables users within the robust Celo ecosystem to utilize USDT and USDC tokens. Celo, with its extensive network of over 1,000 collaborators across 150 jurisdictions, offers a wide range of opportunities. On the other hand, Alchemy Pay provides easy access and unparalleled support, catering to both newcomers and experienced crypto enthusiasts who wish to onboard Celo-USDT and Celo-USDC.
The collaboration between Alchemy Pay and Celo combines the unique features of both platforms, providing users with an exceptional 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 straightforward and compliant manner for everyday use. Celo, with its mobile-first blockchain, aims to offer cost-efficient and fast global payments. With its EVM compatibility, the company strives to reach consumers worldwide and create an inclusive financial ecosystem. Celo’s platform is supported by a diverse community, including ecosystem collaborators such as Deutsche Telekom, Opera, and Telefónica.
Meanwhile, Alchemy Pay operates in 173 jurisdictions worldwide, offering broad cryptocurrency purchases and a wide range of payment options. The platform accepts traditional credit cards like Mastercard and Visa for domestic transactions, as well as local mobile wallets. With over 300 native payment channels, Alchemy Pay ensures a seamless checkout experience and continues to expand its access to regional mobile wallets.
In conclusion, Alchemy Pay’s partnership with Celo expands its support for USDT and USDC tokens, allowing users within the Celo ecosystem to easily acquire these stablecoins. The collaboration between both platforms combines their unique features to provide users with an exceptional payment experience.