Alchemy Adds Its On & Off Ramp To Navi Protocol to Allow Token Purchases With Fiat Currencies

Navi protocol has integrated Alchemy Pay’s On & Off-ramp to allow token purchases directly with fiat payments. Users can now purchase $NAVX using fiat currencies. Users can use debit/credit cards and various local payment methods on the Sui Network using AlchemyPay ramp, which also supports $SUI, $USDT, and $USDC.

The Navi protocol is the first Native One-Stop Liquidity Protocol implemented on Sui. It facilitates users’ involvement as liquidity providers or borrowers in the Sui Ecosystem.

Liquidity providers offer assets to the market, generating passive income through rates, while borrowers can get loans for various assets. Navi’s primary objective is positioning itself as a significant participant in the fast-changing DeFi industry inside the Sui Ecosystem by offering crucial DeFi infrastructure.

More About the Partnership Between Alchemy & Navi

Alchemy Pay is a payment protocol that provides services for bridging the fiat and crypto global economies. Their products include crypto payment solutions, on and off-ramps for fiat-crypto exchanges, and NFT checkout services that enable direct purchases with fiat payments. With Alchemy Pay, merchants and end-users can execute convenient and flexible payment transactions in fiat and cryptocurrency.

This new collaboration facilitates the smooth conversion between fiat currency and cryptocurrency, including the smooth buying of Navi’s native token, $NAVX. The provision of a seamless ramp solution by Alchemy Pay is enhancing accessibility for both new and seasoned users of cryptocurrency.

Furthermore, the native token of NAVI Protocol, $NAVX, is now included on the ramp page of Alchemy Pay. By reducing the difficulty level in obtaining $NAVX, the user base is expanded and increased involvement within NAVI’s ecosystem is facilitated.

Moreover, Alchemy Pay’s technology streamlines the user experience of the Sui ecosystem by facilitating direct fiat payment channels. Alchemy Pay’s ramp technology also facilitates transactions using $SUI, $USDT, and $USDC on the Sui Network, offering consumers dependable and secure transaction alternatives. This strategic decision emphasizes the dedication to improving user comfort and expanding access inside the cryptocurrency ecosystem.