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An efficient L1 network aelf has started a partnership with the payment giant Alchemy Pay. Alchemy Pay announced the collaboration in a blog post written on Medium. The platform mentioned that the latest collaboration has been started to offer a convenient as well as a simple method for the off and on ramps of the fiat currency. As per the company, the decentralized applications (dApps) and the developers in the ecosystem of aelf will get significant benefits from this collaboration.
aelf Partners with Alchemy Pay to Leverage Its Off and On-Ramp Solution
The partnership will permit the developers to utilize the direct-to-customer plugin of Alchemy Pay on their decentralized applications (dApps) easily. In addition to this, the consumer around the world will have the capability to sell and purchase crypto assets. They will be allowed to do that with the use of their favourite regional fiat currency-related methods.
The respective plugin can instantly be integrated into the platforms as well as the decentralized applications. This makes the procedure cost-effective and simple. Along with this, Alchemy Pay has also listed ELF (the native token of aelf) on its ramp. This allows straight buyouts with fiat currencies. The payment gateway of Alchemy Pay permits payments with the top payment platforms including MasterCard and Visa in up to 173 countries.
Moreover, the company also offers regional transactions and famous mobile-based wallets in several developing markets. Alchemy’s fiat-crypto ramp offers a straightforward and rapid Know Your Customer (KYC) procedure. Apart from that, it also provides high rates of conversion and low fees. This enables convenient selling and purchasing just like the usual online payments that are done with regional currencies.
The Platform Recently Conducted a Couple of Successful Hackathons
In that blog post, Alchemy Pay moved on to explain the aelf blockchain. The platform recognized its swift processing speed. Additionally, Alchemy noted that aelf’s open-source tools also play a crucial role in elevating its position within the industry. According to the company, another significant factor of aelf is its system of distributed nodes that are structured to grow the Web3 sector in the coming decade.
The platform brought to the front that aelf has effectively conducted a couple of hackathons. Furthermore, it reportedly deployed several exclusive projects on its network. In the words of Alchemy, aelf is well-equipped and prepared for the next explosion in the Web3 world.