- Summary:
- Stellar network and Alchemy Pay are leveraging their strengths in transaction processing and on/off ramp services to promote crypto adoption.
Alchemy Pay, the crypto on/off ramp payment services provider, has formed a partnership with Stellar network to enable companies building on Stellar to purchase USDC and XLM using fiat. The collaboration aims to incentivise developers to integrate digital assets into their projects and promote mass institutional and retail crypto adoption.
Seamless, efficient transactions at low cost
Alchemy Pay has established a strong presence in the global digital payments market, with services in 173 countries. The company’s crypto-fiat on/off ramp solutions are integrated into over 300 local payment channels, making it easier for developers and dApps to adopt Alchemy Pay. By teaming up with Stellar network, Alchemy Pay intends to leverage the network’s scalability, fast transaction speeds and low transaction costs to incentivise more developers to onboard.
From the onset, Alchemy Pay was developed to make it easier for companies, developers, and users to enjoy seamless crypto-fiat transactions- ultimately aiming to result in mass adoption of crypto. With Alchemy Pay teaming with Stellar network, companies now have more incentives to adopt crypto, while developers will find payment integration easier. Developers will simply use plugins and APIs to integrate Alchemy Ramp in their Stellar Directory. For companies and end users, Alchemy Ramp’s standing as a third-party service provider for VISA and MasterCard is a vote of confidence.
Alchemy Pay’s partnership with Stellar is a significant step forward in the push to promote mass adoption of cryptocurrencies for payments. The partnership leverages the strengths of the two companies to cater for the needs of institutions, developers, and consumers- the three most important user groups in the crypto-fiat on/off ramp ecosystem. The partnership brings crypto to credit cards, debit cards, bank transfers, and mobile wallets, while also supporting seamless integration with GameFi, NFTs, DeFI protocols, and dApps.