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Scallop, an advanced money market protocol on Sui blockchain, has announced the integration of Alchemy Pay’s On & Off-Ramp solution. This move simplifies the process for Scallop users to buy and sell cryptocurrencies, offering seamless access to digital assets. This can be done through diverse payment methods, including credit cards, mobile wallets, and bank transfers.
.@Scallop_io, the leading money market on @SuiNetwork, has launched #AlchemyPay's On and Off-Ramp on its DApp.
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) November 20, 2024
Now, users can easily buy crypto, including Scallop's native token, $SCA, using various payment methods in 173 countries, which encourages greater engagement within… pic.twitter.com/EfzBdzv9na
Scallop and Alchemy Pay Unite to Enhance Global Crypto Accessibility
With support spanning 170+ countries, Scallop users can now leverage Alchemy Pay’s global payment infrastructure to easily acquire cryptocurrencies, including Scallop’s native token, $SCA. The token is now listed on Alchemy Pay’s platform, allowing users to directly purchase it for engaging with Scallop’s DeFi ecosystem.
Scallop, a trailblazer in the Sui ecosystem, has set itself apart as the first DeFi protocol to receive a grant from the Sui Foundation. The platform provides an all-in-one DeFi experience with services like lending and borrowing, flash loans, and bridging tools. By integrating Alchemy Pay’s payment gateway, Scallop further enhances user access and engagement across its ecosystem.
The company’s recent acquisition of four Money Transmitter Licenses in the U.S. underscores its commitment to regulatory compliance and secure operations. As an officially authorized payment service provider listed by Visa and Mastercard, Alchemy Pay continues to solidify its reputation as a trusted platform for bridging fiat and crypto economies.
A Synergistic Partnership
The partnership between Scallop and Alchemy Pay demonstrates a shared vision of simplifying and expanding access to decentralized finance. By offering streamlined payment solutions and supporting $SCA token integration, the collaboration aims to attract a broader user base to Scallop’s protocol while fostering the growth of the Sui ecosystem.
With this integration, Scallop users gain an enhanced, user-friendly experience, paving the way for greater adoption of DeFi services globally.