Alchemy Pay, a renowned fiat-crypto payment processing solution, is broadening its support through integration with Scroll, an innovative Layer-2 scaling solution that enhances Ethereum capabilities using zero-knowledge technology and compatibility with the Ethereum Virtual Machine. This integration now allows users to access USDT and USDC on Scroll through the Alchemy Pay gateway, enabling individuals to purchase these assets with over 50 fiat currencies and multiple payment options in 173 countries.
Exciting news! #AlchemyPay is now compatible with the @Scroll_ZKP network, incorporating Scroll-USDT/USDC on our Fiat On-Ramp! By offering seamless fiat-crypto onboarding, we are collaborating with #Scroll to improve accessibility for users and developers globally … pic.twitter.com/TUBnJYSikD — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 5, 2024
The addition of USDT and USDC support via Scroll integration marks a significant milestone for Alchemy Pay. Scroll, a new Layer 2 blockchain developed by Ethereum developers, upholds Ethereum’s core principles of scalability, security, and decentralization. The partnership with Alchemy Pay will introduce USDT and USDC to the Scroll ecosystem, enriching the platform and attracting a broader user base worldwide.
With a presence in 173 countries, Alchemy Pay accepts popular payment methods like Visa, Mastercard, Apple Pay, and Google Pay, providing users with over 300 payment channels. This not only helps users avoid high transaction fees but also ensures fast and secure transactions.
In addition to expanding its support through Scroll integration, Alchemy Pay has obtained regulatory licenses in various jurisdictions, including the United States, Canada, Indonesia, and Lithuania. Recent acquisitions of a Money Transmitter License in New Hampshire and an Authorized Payment Institution License in the UK further solidify Alchemy Pay’s global standing as a leading payment gateway. Listed alongside payment giants Visa and Mastercard, Alchemy Pay is recognized as an official payment service provider.
The collaboration with Scroll represents a significant advancement in Alchemy Pay’s mission to provide seamless fiat-crypto payment solutions. Access to USDT and USDC through Alchemy Pay is expected to drive increased adoption of these popular cryptocurrencies, propelling their growth within the market.
This strategic partnership with Scroll is part of Alchemy Pay’s ongoing efforts to expand its comprehensive offerings and bring new players and partners into the broader blockchain ecosystem. Together, they aim to address challenges in decentralized finance (DeFi) usability and cryptocurrency conversion, paving the way for further innovation in the industry.