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PlatON Integrates with Alchemy Pay’s On and Off Ramp Services On Its Wallet Plugin to Offer Better Crypto Accessibility

source-logo  blockchainreporter.net 07 June 2023 09:53, UTC

In a recent blog post, PlatON, a pioneering digital public infrastructure, has announced its integration with Alchemy Pay’s on and off ramp on its wallet plugin. This strategic partnership is set to accelerate user experience while transacting with cryptocurrencies, making it more accessible and user-friendly than ever before.

PlatON Introduces Wallet Plugin Services

PlatON, a pioneer in digital public infrastructure, has unveiled wallet plugin services for its ecosystem collaborators. This advancement includes the integration of Alchemy Pay’s fiat-crypto on and off ramps into its wallet plugin. This integration allows users to deposit funds directly using fiat payments and facilitates the conversion of crypto to fiat with direct transfers to users’ bank accounts, thereby providing a secure, swift, and straightforward payment experience for wallet users.

Alchemy Pay's fiat-crypto ramps have been integrated into @PlatON_Network wallet plugin to enable users to seamlessly buy and sell crypto with fiat. LAT, USDT & USDC on PlatON Network will be available soon to purchase on #AlchemyPay's ramp.

Read more at: https://t.co/isxWw0jV41 pic.twitter.com/ZemTCck7fz

— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 7, 2023

The native token of the PlatON Network, LAT, along with USDT and USDC on the same network, will be incorporated into Alchemy Pay’s ramp. This inclusion will empower users to directly purchase these tokens using fiat payments.

For many people, the world of cryptocurrencies can seem complex and intimidating. The process of buying and selling digital assets often involves navigating multiple platforms, each with their own interfaces and requirements. By integrating on and off ramps directly into wallet plugins, we can significantly simplify this process. Users can manage their assets from a single platform, making the crypto experience more straightforward and less daunting for newcomers.

Alchemy Pay’s on and off ramp solution is a game-changer in the crypto world. It allows users to easily convert their cryptocurrencies into fiat currencies and vice versa, making transactions seamless and hassle-free. By integrating this solution into its wallet plugin, PlatON is making it easier for users to manage their digital assets, whether they are seasoned crypto enthusiasts or newcomers to the space.

PlatON Sets New High With Alchemy Pay’s Partnership

Alchemy Pay (ACH) has carved a niche for itself as a leading provider of solutions that bridge the gap between crypto, Web3 services, and fiat payments, enhancing mainstream accessibility.

With an unparalleled global reach extending to 173 countries, Alchemy Pay facilitates fiat-crypto transactions through a multitude of payment methods, including Visa, Mastercard, Google Pay, Apple Pay, regional mobile wallets, and domestic transfers.

Its 300+ fiat payment channels go beyond traditional cards to include local mobile wallets. Furthermore, its off-ramp capability supports remittances in over 50 local fiat currencies.

PlatON, a next-generation Internet infrastructure protocol, is spearheaded by the LatticeX Foundation. It leverages the core principles of blockchain and is backed by a privacy-preserving computation network.

The recently launched wallet plugin by PlatON is designed for compatibility with a broad spectrum of decentralized wallets supported by existing project partners, and it offers cross-chain top-ups and fiat on and off ramp capabilities through Alchemy Pay. Future updates will introduce features like cross-chain and cross-coin swaps, prepaid card sales, and virtual VISA cards, among others.

This collaboration between Alchemy Pay and PlatON is set to bolster its comprehensive strength, attract and effortlessly onboard a larger global user base.

As the crypto industry matures, regulatory compliance is becoming increasingly important. Integrated on and off ramps can help facilitate this by providing a clear record of transactions, making it easier for users to comply with tax and other regulatory requirements.