Arbitrum Teams Up with Alchemy Pay for Fiat-Crypto Onramps
Arbitrum, the leading Ethereum layer-2 network, has teamed up with Alchemy Pay for easy fiat onramping to the Arbitrum ecosystem. Alchemy Pay now offers a direct to customer plugin to developers building on Arbitrum. The plugin is easily integrated and enables users throughout the world to buy crypto directly with their preferred local fiat currency methods.
On & OffRamp Plugin
The Alchemy Pay Ramp Solution can now be found on https://portal.arbitrum.one/. It can be rapidly deployed by dApps and platforms on Arbitrum with the minimum of cost and fuss. Originally known for its crypto payment solutions, Alchemy Pay is now able to offer this D2C plugin to small, medium and large scale dApps and platforms. It is a highly customisable, robust plugin for seamless onboarding of users directly on site.
In addition to onramping to crypto, the Alchemy Pay NFT Checkout, enables users to purchase NFTs directly via local fiat currency payments. The Checkout means that users are only charged exactly the amount they need to pay in order to purchase the desired NFT. This new development in payments makes buying NFTs fast and highly mainstream accessible.
Global and Regional Payments
The Alchemy Pay Ramp Solution accepts Mastercard and Visa payments from users in 173 countries, it also specialises in the acceptance of popular regional payment systems and e-wallets, in Europe, Southeast Asia, and Latin America. Well known global methods are supplemented by such systems as SEPA (Europe), Pix (Brazil), GCash (Philippines), MoMo (Vietnam), SPEI (Mexico), Union Pay (Japan), and many more. APMs (Alternative Payment Methods) such as bank transfers have become ubiquitous in certain areas of the world.
Leading Layer 2
Arbitrum One is a layer 2 solution created by Offchain Labs. The team solves Ethereum scalability with multi-round interactive Optimistic Rollup. Due to limitations on transaction throughput on the Ethereum Mainnet (layer 1), developers proposed layer 2 protocols to handle transactions off layer 1 so as to improve Ethereum’s performance and user experience. In addition to Arbitrum One, Offchain Labs also launched Arbitrum Nova, a layer 2 network based on AnyTrust technology.
About Arbitrum One
Arbitrum One is a leading Ethereum Layer-2 scaling solution developed by Offchain Labs. An Optimistic Rollup, Arbitrum One provides ultra-fast, low-cost transactions with security derived from Ethereum. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 50%+ TVL in the L2 segment. 400+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.
About Alchemy Pay
Founded in Singapore in 2018, Alchemy Pay is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users. The Alchemy Pay Ramp Solution is integrated, via plugin or API, with platforms and dApps, providing an easy onramp from fiat currency to crypto. Alchemy Pay’s supports payments from 173 countries — Visa, Mastercard, popular regional mobile wallets, and domestic transfers with a focus on emerging markets. Its offramping capability remits to users in 27 local fiat currencies. ACH is the Alchemy Pay network token on Ethereum and Binance Chain.