Alchemy Pay, a renowned platform that provides a hybrid payment infrastructure for both crypto and fiat currencies, has recently announced a new partnership. In this partnership, Alchemy Pay has expanded its support to Tether’s USDT and Circle’s USDC stablecoins on Celo, which is a blockchain network that is both EVM-compatible and mobile-first. Alchemy Pay took to social media to announce this collaboration.
In their announcement, Alchemy Pay expressed their excitement about facilitating 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.
Apart from the announcement on social media, Alchemy Pay also provided more information about this partnership in a detailed blog post. According to the platform, Celo has deployed both 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.
This extension enables users in the robust Celo ecosystem to utilize the USDT and USDC tokens. Celo reportedly has over 1,000 collaborators in up to 150 jurisdictions. Alchemy Pay, on the other hand, offers easy access and unparalleled support. This means that both newcomers and experienced crypto enthusiasts can easily onboard Celo-USDT and Celo-USDC.
This collaboration combines the unique features of both Alchemy Pay and Celo to provide users with an unmatched experience. Last year, Alchemy Pay integrated cUSD and CELO tokens onto its on-ramp platform, allowing users to easily interact with these digital tokens for regular use in a simple and compliant manner. Celo, with its mobile-first blockchain, focuses on providing cost-efficient and fast payments worldwide.
With EVM compatibility, Celo aims to reach users globally and provide equal opportunities for prosperity. The company is actively working on creating a resilient digital financial ecosystem with its Ethereum scaling and real-world solutions. Celo’s platform is supported by a diverse community, including collaborators like Deutsche Telekom, Opera, and Telefónica.
On the other hand, Alchemy Pay operates in 173 jurisdictions worldwide, offering broad-level crypto purchases and a wide range of payment options. The platform supports conventional credit cards like Mastercard and Visa for domestic transactions, as well as local mobile wallets. It has over 300 native payment channels and continues to expand its access to regional mobile wallets, ensuring a seamless checkout experience.
Tags: ACH, USDC
