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Alchemy Pay, a leader in the fiat-to-crypto payment gateway space, has partnered with AltLayer, an open-source decentralized protocol, to bring about borderless On and Off-ramp solution within its ecosystem. This move will simplify digital money transactions for people all over the world who may not have access to bank accounts or credit cards.
Thrilled to announce our partnership with @alt_layer!#AlchemyPay brings seamless On and Off-Ramp solutions to #AltLayer's ecosystem. Developers and users can enjoy effortless crypto transactions globally across 173+ countries, with preferred payment methods and local fiat… pic.twitter.com/jDIJ5Vu8Nn
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 30, 2024
AltLayer Boosts User Experience with Alchemy Pay Partnership
The collaboration between Alchemy Pay and AltLayer seeks to improve user experience within the latter’s ecosystem. Using Alchemy Pay’s plugin, developers as well as dApps on the AltLayer platform can integrate on-and-off ramps without much struggle. Consequently, this will allow users buy or sell any cryptocurrency using various payment methods such as WeChat Pay among others against different local fiat currencies.
AltLayer is well-known for its unique ‘rollup-as-a-service’ (RaaS) model and the earlier stated idea of restaked rollups. They do this using their own technology in combination with EigenLayer’s restaking mechanism. As a result, it improves decentralization, security, interoperability and efficiency of these systems. This collaboration along with Alchemy Pay also solidifies AltLayer’s position as one among many top blockchain solution providers.
The partnership between Alchemy Pay and AltLayer implies a shared dedication towards advancing the use cases for blockchain tech. Cryptocurrency transactions can become more inclusive by making them easier to use through tailored rollup solutions. These are are offered by both companies alongside efficient On/Off Ramp services. This move aligns with wider industry efforts targeted at digital asset mass adoption.
Alchemy Pay to Expand Payment Gateway Reach Globally
Payment gateways provided by Alchemy Pay include Visa and Mastercard payments in 173 countries, Apple Pay, Google Pay. It also includes domestic transfers as well as popular mobile wallets within emerging markets such those found in Nigeria or Kenya.
The gateway boasts over 300 supported local payment channels which ensures high conversion rates coupled with minimal fees charged. On the other hand, it streamlines customer onboarding processes in that way improving overall satisfaction levels among users.
Lastly, the fact that Alchemy Pay partnered with Altlayer could be seen as one major step forward within this field. From now, there will no longer only exist conventional ways for making deals based upon cryptocurrencies but also new ways created through altcoin intermediaries like Altlayer.