Alchemy Pay | May Update 2024

Alchemy Pay
9 min readJun 5, 2024

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Headline News

Alchemy Pay Set to Launch Web3 Digital Banking Solution for Enterprises

Alchemy Pay announces its new venture — the Web3 Digital Bank tailored for global Web3 enterprises! This innovative platform will ensure compliant & efficient operations for multi-fiat accounts, offering seamless account opening, exchange between EUR and USD, and instant fiat transfers to USDT/USDC.

Alchemy Pay Collaborates with Victory Securities to Offer Users Access to Spot ETF

Alchemy Pay announces a significant collaboration with Victory Securities (stock code: 8540. HK), the first licensed corporation approved by the Securities and Futures Commission (SFC) of Hong Kong to provide virtual asset trading and advisory services to retail investors. This collaboration is geared towards optimizing the investing journey for users, particularly in the recently listed Bitcoin and Ether spot ETFs in Hong Kong. A broader user base will gain access to VictoryX, the trading app for asset allocation across securities and virtual assets. The alliance serves as a bridge between the traditional finance and crypto world, ensuring a seamless and trustworthy experience for users and investors.

Hong Kong: The Progress & the Vision

Alchemy Pay has made progress in the new Asian crypto hub. With our pedigree in the payments industry, we have made strategic connections and partnerships. We continue to pursue the Hong Kong MSO License.

On & Off-Ramp, Web3 Card, NFT Checkout Integrations

Tether USDT On Ton via Alchemy Pay

USDT is available now on Ton blockchain via AlchemyPay

Alchemy Pay Introduces Easy Ramp Solution to Linea Ecosystem, Facilitating Crypto Purchases on the Linea Network

In a move aimed at advancing blockchain accessibility, Alchemy Pay is excited to unveil its partnership with Linea, a user-friendly zk-Rollup powered by Consensys. Now, Alchemy Pay has integrated Linea blockchain into its ramp platform, facilitating the seamless transfer of virtual assets on Linea network including ETH, USDT, USDC and FOXY through local fiat currencies. This expansion not only broadens Linea’s reach but also simplifies transactions on its network via 50+ local fiat currencies like never before.

Metis Integrates for Seamless Fiat-Crypto On & Off-Ramp Support

Alchemy Pay has announced that it has entered into a partnership with Metis, the self-sustainable Layer 2 blockchain powering the next generation of decentralized applications secured by Ethereum. In this alliance, Metis incorporates Alchemy Pay’s seamless On & Off-Ramp solution into its ecosystem, offering developers a direct portal for fiat-crypto payment gateway.

UniSat Wallet: Alchemy Pay Enables Bitcoin Purchases

UniSat integrates the Alchemy Pay On-Ramp solution into its wallet under the “Buy Crypto” portal. This integration streamlines the process for users to acquire Bitcoin in a straightforward and compliant manner. As the Bitcoin ecosystem continues to draw significant interest and investment, UniSat has emerged as a key service provider specializing in asset inscription. The UniSat Wallet serves as a hub for managing Bitcoin assets, leveraging advancements in Bitcoin technology.

Fiat On-Ramp for stETH on Lido

Lido, the decentralized staking protocol enabling users to earn daily staking rewards on their Ethereum, we serve as the fiat On-Ramp provider. Through this collaboration, users can directly purchase $stETH, the Lido’s liquid variant of staked ETH, with fiat on Alchemy Pay’s ramp page. The $stETH balance grows daily with staking rewards and plays a pivotal role in engaging in DeFi activities such as providing liquidity on protocols like Curve and serving as collateral for loans on Aave.

Core Onboards Alchemy Pay as Ramp Service Provider Within its Ecosystem

Core, a Bitcoin-powered, EVM-compatible L1 blockchain that combines delegated Proof-of-Work and delegated Proof-of-Stake, has integrated Alchemy Pay as a ramp service provider within its ecosystem for easy fiat-crypto onramping and offramping. Both developers and users within the Core ecosystem can now easily access Alchemy Pay’s On & Off-Ramp services through the platform’s “Explore-Ecosystem” portal, specifically under the “Ramp” category. Now, Core users throughout the world can conveniently buy and sell crypto directly with their preferred local fiat currency methods. This collaboration also includes the integration of Core’s native token $CORE on Alchemy Pay Ramp platform, which expands accessibility and enhances user experiences for those seeking to interact with $CORE through fiat payments.

BounceBit Integration

Through this alliance, Alchemy Pay will provide easy on and off-ramp solutions for BounceBit users, simplifying the process of acquiring BB, BounceBit’s native token, along with other tokens, to bolster the BTC Restaking ecosystem. In the upcoming phases of deeper integration, users will have access to Alchemy Pay via the app store featured on BounceBitClub for enhanced connectivity.

Alchemy Pay Now Provides Seamless Ramp Solution on AltLayer as Ecosystem Partner

Alchemy Pay, the leading fiat-crypto payment gateway, has partnered with AltLayer, an open and decentralized protocol to launch native and restaked rollup stacks, to provide an efficient On and Off-Ramp solution within its ecosystem.

Alchemy Pay and Kontos Partners for Seamless Integration of its Blockchain & KUSDT

Alchemy Pay, the leading fiat-crypto payment gateway, has collaborated with Kontos, a zk-powered omnichain infrastructure, to extend support to its Kontos chain and also introduce its On & Off Ramp Solution to Kontos. This integration enables global users to effortlessly purchase KUSDT, the stablecoin on Kontos, using their preferred payment methods and local fiat currencies via the Kontos Wallet, with direct deposits facilitated through Alchemy Pay’s intuitive ramp support.

Telos to Launch Fiat On-Ramp for Direct TLOS Purchase

A significant partnership with Telos, a growing network of networks — Layer 0 — enabling Zero Knowledge technology for ultimate scalability and privacy to support all industries and applications. As a collaborative initiative, Telo incorporates the Alchemy Pay On-Ramp solution, seamlessly integrating it into its website under the “Buy Telos” portal. This integration streamlines the process for users to acquire $TLOS in a straightforward and compliant manner. Users now also can purchase $TLOS through Alchemy Pay’s ramp page. With payment options that include Visa, Mastercard, popular mobile wallets, and domestic bank transfers,

Ramp Solution on Influpia Platform

This integration facilitates easy access to cryptocurrencies through local currencies for both seasoned crypto enthusiasts and newcomers. Users can now use their preferred fiat payment methods to buy and sell Bitcoin directly within the platform. The “Get $BTC” feature is accessible through a dedicated portal on the website, allowing users to purchase Bitcoin seamlessly. The acquired Bitcoin can then be utilized for staking and farming activities on Influpia. By leveraging Alchemy Pay’s direct-to-customer solution, Influpia offers a seamless onboard experience similar to transactions on popular e-commerce platforms like Amazon or eBay.

India: Bitget and AlchemyPay Join Forces for INR through UPI and IMPS

Bitget and AlchemyPay have joined forces to provide top-tier crypto payment solutions for INR through UPI and IMPS (bank transfer) in India. Supported cryptocurrencies include USDT, BTC, ETH, USDT and TRX. With support for multiple payment channels, including Unified Payments Interface (UPI) and IMPS (bank transfer), users across India can seamlessly navigate the crypto landscape with ease.

Alchemy Pay Enables Phygital Collection Purchases on Another-1 with NFT Checkout

Alchemy Pay, the leading crypto payment solutions provider, now enables users to purchase physical-digital blended fashion collections on the Another-1 platform, a Web3 phygital fashion platform built on Polygon, using its NFT Checkout solution.

Discover

Alchemy Pay: Driving the BTC Ecosystem Growth Post-2024 Halving

The Bitcoin halving, a pivotal event that occurs approximately every four years, has once again captured the attention of the crypto community and beyond. As the block reward for miners is reduced by half, from 6.25 to 3.125 BTC, the implications of this event extend far beyond the realm of mining economics. The 2024 halving marks a significant milestone in Bitcoin’s journey, as it not only reinforces the cryptocurrency’s deflationary nature but also sets the stage for a new wave of innovation and adoption.

Offline & Online Events

Binance Spot Trading Competition: Trade $ACH to Win a Share of 300,000 USDC

Participate in the latest Binance Spot Trading Competition by trading $ACH to win 300,000 USDC!

Don’t miss out on this opportunity and start trading now.

Consensus 2024, Austin, TX

Join us at Consensus 2024 from May 29th to 31st, and visit the Alchemy Pay booth to discover our latest crypto payment products and solutions. We can’t wait to connect with our partners, community members, and fellow attendees!

Money 2020, Amsterdam, Europe

Join Alchemy Pay at booth #5J90 in Amsterdam from June 4–6, 2024. Discover the latest advancements in crypto payments and explore how we’re shaping the future of finance.

DePIN at Consensus2024

We entered IoTeX’s DePIN House and showcased the cutting edge of DePIN first hand. Networking event with DePIN’s brightest minds. Live demos.

Panel Discussion with Mastercard at Conf3rence, Dortmund

Alchemy Pay’s Ecosystem Lead Robert McCracken joined Christian Rau of Mastercard and Claus George of DZ Bank for “Banking Revolution: The Next Era of Payments.” Nuanced perspectives on the next steps for money, payments and distributed ledger technology alongside mainstream finance.

Interview with Coindesk in Turkey

Our focus has been on Turkey a lot in the past few years due to the unique economic situation there. Adoption is high and Robert McCracken took time to speak with Coindesk Turkiye about the macroeconomic scene while at the Binance Blockchain Week Istanbul event.

TopGoal Community AMA

To celebrate our work with TopGoal we held an AMA with their CMO/founder Alexa.

Kroma Network & Alchemy Pay Discussion

After integrating our on-ramp payment services on Kroma Network, Derek from their BD department joined us for an X Space. Listen back as we chat Korean gaming, layer-2s and more:

Discord Community AMA

Community AMA this month answered your latest questions about Alchemy Pay’s progress and the wider crypto development.

Discord: discord.gg/alchemypay

Community Contests & Quizzes

Ready for a crypto challenge? Our Crypto Quiz gave away 2500 $ACH! Don’t miss the next quiz! Telegram: t.me/alchemy_official

Bitcoin Pizza Day Galxe Quest

Pizza up on that special day in Bitcoin history with AlchemyPay & $ACH

https://app.galxe.com/quest/AlchemyPay/GCjyDtzSXK

Guess and Learn with Alchemy Pay

Dive into Alchemy Pay with key numbers! Discover its impact and earn rewards. Guess, learn, and win! 3,000 $ACH for 10 lucky fans!

Learn More

Try Alchemy Pay On & Off Ramp

Try our On & Off Ramp to buy and sell crypto and local fiat currencies today

https://ramp.alchemypay.org/

Enquiries for Plugin & API Integration

Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via the website https://alchemypay.org/contact

Follow Alchemy Pay

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Alchemy Pay

Alchemy Pay (ACH) bridges fiat and crypto global economies through a real-world payment system and mainstream-friendly access to web3 services. Alchemypay.org