Alchemy Pay, a prominent player in the fiat-to-crypto payment gateway sector, has joined forces with AltLayer, an open-source decentralized protocol, to revolutionize cross-border payment solutions within its ecosystem. This collaboration aims to simplify digital transactions for individuals worldwide who lack access to traditional banking services or credit cards.
We are delighted to announce our partnership with @alt_layer! #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, with their preferred payment methods and local fiat… pic.twitter.com/jDIJ5Vu8Nn — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 30, 2024
AltLayer Enhances User Experience through Alchemy Pay Collaboration
The partnership between Alchemy Pay and AltLayer aims to enhance user experience within AltLayer’s ecosystem. By utilizing Alchemy Pay’s plugin, developers and dApps on the AltLayer platform can easily integrate on-and-off ramps. Consequently, users will have the ability 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 the previously mentioned concept of restaked rollups. This approach combines AltLayer’s proprietary technology with EigenLayer’s restaking mechanism, resulting in improved decentralization, security, interoperability, and efficiency within these systems. This collaboration with Alchemy Pay further solidifies AltLayer’s position as one of the leading blockchain solution providers.
The partnership between Alchemy Pay and AltLayer reflects a shared commitment to advancing the use cases of blockchain technology. By offering tailored rollup solutions and efficient On/Off Ramp services, both companies aim to make cryptocurrency transactions more accessible, ultimately contributing to the widespread adoption of digital assets.
Alchemy Pay Expands Global Payment Gateway Reach
Alchemy Pay’s payment gateways cover 173 countries and include popular options such as Visa, Mastercard, Apple Pay, and Google Pay. Additionally, the platform supports domestic transfers and popular mobile wallets in emerging markets like Nigeria and Kenya.
With over 300 supported local payment channels, Alchemy Pay ensures high conversion rates and minimal fees for its users. Moreover, the platform streamlines customer onboarding processes, enhancing overall user satisfaction.
Ultimately, Alchemy Pay’s partnership with AltLayer signifies a significant step forward in the field of cryptocurrency transactions. This collaboration introduces alternative methods for conducting cryptocurrency deals, expanding beyond conventional approaches and leveraging the capabilities of altcoin intermediaries like AltLayer.
Tags: ACH
