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MultiBit Integrates Alchemy Pay’s On-Ramp Solution

source-logo  blockchainreporter.net 04 January 2024 12:56, UTC

MultiBit, the pioneering cross-bridge for BRC20, has seamlessly integrated Alchemy Pay’s On-Ramp solution into its platform. This integration facilitates the purchase of $MUBI tokens on MultiBit’s website, allowing users to utilize their preferred fiat payment methods.

🚀@Multibit_Bridge has launched #AlchemyPay's On-Ramp service for its users, enabling them to effortlessly purchase $MUBI using their chosen fiat payment methods on its website. In addition, $MUBI is now available through our Fiat On-Ramp.https://t.co/2VazP9ujqb$ACH pic.twitter.com/wEVFyNoc8R

— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) January 4, 2024

MultiBit Bridge aims to resolve the existing challenges of token interoperability between BRC20 and Ethereum-based systems. Functioning as a two-sided bridge, MultiBit not only serves the Bitcoin ecosystem but also facilitates cross-chain value exchange across networks. The integration of Alchemy Pay’s On-Ramp solution further streamlines the token transfer procedure, increasing the chances for economic activity and fostering a seamless user experience.

By enabling fiat payments for cryptocurrency and Web3 services, Alchemy Pay emerges as a leader in the crypto payments sector. The On-Ramp solution plays a pivotal role in closing the accessibility gap between cryptocurrencies and the general public. With a network spanning 173 countries and over 300 fiat payment channels, Alchemy Pay provides a comprehensive range of payment methods, including credit and debit cards, mobile wallets, and bank transfers.

Global Recognition and Regulatory Milestones

Alchemy Pay’s commitment to wider acceptance is evident through its aggressive pursuit and acquisition of licenses to operate payment services in multiple countries, including the United States, Canada, Indonesia, and Lithuania. Recent achievements, such as obtaining Money Transmitter Licenses in Arkansas and Iowa, showcase Alchemy Pay’s proficiency in the cryptocurrency payment market. Notable endorsements from major organizations like Visa and Mastercard further solidify Alchemy Pay’s position as a leading third-party payment service provider.

MultiBit Bridge stands out as an effective and secure bridging technology, enabling seamless token transfers across ETH, BNB, and BTC networks. The bridge, which connects ERC20 and BRC20 tokens, not only addresses token interoperability challenges but also contributes to the expansion and advancement of the Bitcoin ecosystem by increasing the liquidity of BRC20 tokens.