SINGAPORE, June 4, 2024 /PRNewswire/ -- Alchemy Pay, a
leading fiat-crypto payment solution, has extended
support to Celo, a mobile-first and EVM-compatible blockchain
network fast becoming the ecosystem of choice for stablecoins and
real-world asset (RWA) use cases, based on the previous
partnership. With Circle's USDC and Tether's USDT both
natively deployed on Celo mainnet, Alchemy Pay now facilitates the
acquisition of USDC and USDT on Celo via local fiat currencies and
regular fiat payments, available in 173 countries with 50+ fiat
currencies supported.
This expansion brings USDC and USDT to the robust Celo
ecosystem, which boasts over 1,000 partners in 150 countries.
Alchemy Pay offers seamless support and easy access, making it
simple for both seasoned crypto enthusiasts and
newcomers to onboard Celo-USDC and Celo-USDT. Earlier in
May 2023, Alchemy Pay announced the
integration of CELO and cUSD onto its on-ramp platform, allowing
users to interact with these digital assets for everyday use in a
compliant and straightforward way.
Celo is a mobile-first blockchain designed for fast, low-cost
payments worldwide. Leveraging Ethereum-compatible
technology, Celo aims to reach global users at scale, with a
mission to build a financial system that creates the conditions of
prosperity for everyone. By scaling Ethereum with
real-world solutions, Celo is spearheading a vibrant new digital
economy for all. The platform is supported by a diverse community
of ecosystem partners, including Google Cloud, Telefónica, Opera,
and Deutsche Telekom.
Operating in 173 countries globally, Alchemy Pay ensures
widespread accessibility for cryptocurrency purchases,
offering a diverse array of payment options from conventional
credit cards like Visa and Mastercard, to regional mobile wallets
and domestic transfers. With a network of over 300 local payment
channels, Alchemy Pay extends its reach to local mobile wallets,
guaranteeing a seamless checkout experience. Leveraging its
extensive experience in the crypto payment sector,
Alchemy Pay has forged strong partnerships with major networks and
platforms, including Polygon, TON, Avalanche, ICP, Neo, Arbitrum,
Binance Pay, OKX, Bitget and Lido, etc.
In its pursuit of broadening its service portfolio, enhancing
transaction success rates, and optimizing operational efficiency,
Alchemy Pay actively pursues licenses in various countries and
regions including different states in the
United States, the UK, Canada, Indonesia, and Lithuania, with the upcoming license
acquisition in Hong Kong,
Singapore, etc. Highlighting its
credibility within the conventional payment sphere, both Visa and
Mastercard have enlisted Alchemy Pay as an authorized third-party
service provider, which reinforces its leading position within the
crypto payment landscape.
About Celo
Celo is an emerging Ethereum Layer-2 and
mobile-first blockchain network built for the real world and
designed for fast, low-cost payments worldwide. The Celo ecosystem
consists of a decentralized, proof-of-stake blockchain
technology stack (the Celo Platform), the CELO native token, USDC
and USDT (both enabled as gas currencies), several Mento stable
assets (cUSD, cEUR, cREAL, eXOF), and popular, blue chip
infrastructure including Uniswap V3, Curve, Chainlink, and Rarible,
among others. Launched on Earth Day in 2020, the open-source Celo
mainnet supports a rich ecosystem of projects (1,000+) contributing
to Celo's global mission of prosperity for all. For more about
Celo, visit https://celo.org/.
About Alchemy Pay
Founded in Singapore in 2017,
Alchemy Pay is a payment gateway that seamlessly connects
crypto with traditional fiat currencies for
businesses, developers, and end users. With its On & Off Ramp
solution, Crypto Card, Web3 Digital Bank, NFT
Checkout, and Crypto Payments, Alchemy Pay supports
payments in 173 countries.
The Ramp is a one-stop solution to buy and sell
crypto and fiat, easily integrated by platforms and
dApps according to requirements. The
Crypto Card solution empowers businesses and token
issuers to provide users with branded virtual and physical cards
for instant global spending. The Web3 Digital Bank offers an
innovative solution, allowing Web3 enterprises to open multi-fiat
accounts and facilitating instant conversion between fiat and
cryptocurrencies. ACH is the Alchemy Pay network
token on the Ethereum blockchain.
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SOURCE Alchemy Pay