Alchemy Pay, a renowned platform that provides a hybrid payment infrastructure for cryptocurrency 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, which is an EVM-compatible and mobile-first blockchain network. The platform took to social media to announce this exciting collaboration.
Under this partnership, Alchemy Pay aims 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 social media, Alchemy Pay also provided detailed information about this collaboration in a comprehensive blog post. The platform highlighted that Celo has deployed the USDT and USDC tokens on its mainnet. This deployment allows users to acquire these stablecoins on Celo using native fiat currencies and regular fiat payments.
By offering support for USDT and USDC tokens on Celo, Alchemy Pay enables users within the robust Celo ecosystem to utilize these stablecoins. Celo boasts over 1,000 collaborators across 150 jurisdictions, while Alchemy Pay provides easy access and unparalleled support. This partnership ensures that both new and experienced crypto enthusiasts can easily onboard Celo-USDT and Celo-USDC.
The collaboration between Alchemy Pay and Celo combines the unique features of both platforms to create an exceptional user experience. Last year, Alchemy Pay integrated cUSD and CELO tokens onto its on-ramp platform, allowing users to seamlessly interact with these digital tokens in a compliant manner. Celo, with its mobile-first blockchain, focuses on providing cost-effective and fast payments worldwide. With its Ethereum scaling solutions, the company aims to create a resilient digital financial ecosystem for global users. Celo’s platform is supported by a diverse community, including collaborators like Deutsche Telekom, Opera, and Telefónica.
Meanwhile, Alchemy Pay operates in 173 jurisdictions worldwide and offers a wide range of payment options. Users can make crypto purchases using conventional 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 for users.
In conclusion, Alchemy Pay’s expansion of support for USDT and USDC tokens on Celo opens up new opportunities for users within the Celo ecosystem. This partnership combines the strengths of both platforms to provide a seamless and convenient payment experience.
