Alchemy Pay and Linea have joined forces to integrate the Linea blockchain into Alchemy Pay’s ramp service platform. This collaboration aims to streamline the transfer process of major virtual assets like ETH, USDT, USDC, and FOXY on the Linea network using local fiat currencies. By supporting transactions with over 50 local fiat currencies, this partnership not only expands Linea’s reach but also simplifies the transaction process on its network, making blockchain more accessible.
This collaboration brings convenience to users and developers within the Linea ecosystem. Stakeholders now have immediate access to Alchemy Pay’s ramp services through Linea’s ecosystem portal. This integration enables easy conversions between crypto and fiat currencies using popular payment methods like Visa, Mastercard, Google Pay, Apple Pay, mobile wallets, and bank transfers. These enhancements create a more user-friendly environment and encourage wider adoption and interaction with the Linea network.
Linea stands out in the blockchain landscape with its secure zkEVM ecosystem, designed to support decentralized applications (dapps). Its infrastructure is built on cryptographically secure zk-Rollups, ensuring unparalleled network security. The platform’s commitment to safety is strengthened by strategic security partnerships and a culture focused on security within its ecosystem. Linea’s mission is to make the decentralized internet safe and accessible, achieved through a comprehensive security framework and initiatives that promote web3 education and expertise.
Alchemy Pay complements this ecosystem with its globally accessible Ramp service, which plays a crucial role in expanding Linea’s audience. This service benefits everyday users and developers by providing a streamlined and efficient payment gateway on the Linea blockchain. It is particularly important for developers who require reliable and easy financial transactions to support their applications and user bases.
Alchemy Pay’s Ramp service supports a wide range of cryptocurrencies and offers fiat-based purchase capabilities in 173 countries through its extensive network of over 300 local payment channels. This global service goes beyond traditional credit and debit card options by incorporating local mobile wallets, enhancing the user experience with convenient payment solutions. Alchemy Pay’s commitment to regulatory compliance is demonstrated by its acquisition of licenses for payment services in various jurisdictions, including the UK, the US, Canada, Indonesia, and Lithuania. It recently obtained an Authorized Payment Institution License in the UK. Recognized by major financial networks like Visa and Mastercard, Alchemy Pay adheres to strict compliance and regulatory standards, assuring partners and users of its reliability and security as a fiat-crypto payment gateway.
