Alchemy Pay Integrates Kroma Network on its Ramp Platform
Alchemy Pay, the leading fiat-crypto payment gateway, has forged a significant collaboration with Kroma, an Layer2 solution for Ethereum, combines Optimistic Rollup and zkEVM with permissionless validators for fast, secure, and affordable transactions. This collaboration includes Alchemy Pay’s integration of the Kroma network, offering increased convenience to users. Alchemy Pay now already enables users to effortlessly purchase ETH/USDT/USDC on the Kroma network using their preferred fiat payment methods.
Kroma stands out as a pragmatic, adaptable, and user-friendly Layer 2 solution. Offering transaction fees 10 times lower than Ethereum, it provides users and developers with a cost-effective platform. Its fast finality, achieved through EVM-equivalent ZK rollup, ensures transactions are finalized in under 1 hour. Kroma aims to create a universal ZK Rollup based on the Optimism Bedrock architecture. Currently, it operates as an Optimistic Rollup with ZK fault proofs, employing a zkEVM based on Scroll. With its focus on gaming, Kroma is poised to usher in a new era of mass adoption in gaming on Layer 2, with over 100 games already onboarded onto its ecosystem.
Alchemy Pay’s comprehensive payment network, serving as a one-stop solution for fiat-crypto payments, spans across 173 countries and over 300 payment channels. It supports fiat-crypto purchases through various payment methods such as Visa, Mastercard, regional mobile wallets, and domestic transfers. The ramp boasts high conversion rates, low fees, and a fast and simple KYC process, making buying and selling crypto with local currencies as easy as any other online payment method. Additionally, through its remittance partners, Alchemy Pay’s ramps facilitate convenient offboarding from crypto to fiat, with the ability to remit funds to bank accounts in over 50 fiat currencies.
Alchemy Pay’s commitment to strict adherence to compliance and regulations is a cornerstone of its payment services. The company has a proven track record of securing key licenses related to payments in numerous countries worldwide, including the United States, Canada, Lithuania, and Indonesia. The recent acquisition of a Money Transmitter License in New Hampshire adds further credibility to its payment capabilities. In the conventional sector, Alchemy Pay has earned recognition from major players such as Visa and Mastercard, affirming its status as an authorized third-party service provider.
By partnering with Alchemy Pay, one of the industry’s leading fiat-crypto payment solution providers, Kroma will be able to attract and easily onboard new users from around the world, and foster a more engaging gaming experience.
About Kroma
Lightscale’s Kroma, an L2 solution for Ethereum, combines Optimistic Rollup and zkEVM with permissionless validators for fast, secure, and affordable transactions. Its unique architecture enables a future seamless transition to Type-2 zkEVM.
Backed by WEMADE, a leading Korean gaming company listed on the Korean stock exchange, Kroma benefits access to a vast user base. Over 100 games from the WEMIX ecosystem, boasting 9 million user accounts, are expected to onboard Kroma.
Kroma plans to issue its own native token $KRO. $KRO will serve as the staking token for Kroma’s decentralized validator network to engage in on-chain governance, shaping the future development of the ecosystem.
To foster a thriving ecosystem, $KRO will be strategically distributed to encourage and reward applications that generate a high volume of valuable transactions within the platform.
Furthermore, Kroma has established an Ecosystem Fund and a Grant Program to foster and sustain the growth of its ecosystem.
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Try our On & Off-Ramp to buy and sell crypto and local fiat currencies today https://ramp.alchemypay.org/
On & Off-Ramp Enquiries
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via the website https://alchemypay.org/contact
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