Alchemy Pay, a renowned platform that provides a hybrid payment infrastructure for both crypto and fiat currencies, has recently announced a new partnership. According to Alchemy Pay, it has expanded its support to Tether’s USDT and Circle’s USDC stablecoins on Celo, a blockchain network that is compatible with Ethereum Virtual Machine (EVM) and prioritizes mobile usage. The platform took to social media to announce this collaboration.
Alchemy Pay Extends Support for Celo!
Continuing our previous partnership, we are excited 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.
Alchemy Pay Expands Support for USDT and USDC Tokens on Celo for a Seamless On-Ramp
In addition to the announcement on social media, Alchemy Pay provided further details about this development in a comprehensive blog post. The platform highlighted that Celo has integrated both the USDT and USDC tokens into its mainnet. By doing so, the platform enables users to acquire these stablecoins on Celo. To facilitate this, the platform utilizes both native fiat currencies and regular fiat payments.
This extension allows users on the robust Celo ecosystem to leverage the USDT and USDC tokens. Celo reportedly has over 1,000 collaborators in 150 jurisdictions. On the other hand, Alchemy Pay provides easy access and unparalleled support. As a result, both newcomers and experienced crypto enthusiasts can now access Celo-USDT and Celo-USDC.
The Collaboration Combines the Unique Features of Both Companies to Provide an Unmatched Experience
Previously, in May of last year, Alchemy Pay integrated cUSD and CELO tokens onto its on-ramp platform. This integration allowed users to interact with these digital tokens in a simple and compliant manner for everyday use. Celo, with its mobile-first blockchain, aims to provide cost-effective and fast payments globally.
With its compatibility with Ethereum Virtual Machine, Celo aims to reach users worldwide and enable their equal prosperity. The company is accelerating the development of a resilient digital financial ecosystem through its Ethereum scaling and real-world solutions. Celo’s platform is supported by a diverse community, including collaborators such as Deutsche Telekom, Opera, and Telefónica.
On the other hand, Alchemy Pay operates in 173 jurisdictions worldwide. It ensures extensive cryptocurrency purchases and offers various payment options. This includes 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.
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