Coinspeaker Chiliz Partners with Alchemy Pay to Expand Fiat-Crypto Payment Support for CHZ and Fan Tokens
Chiliz, a leading blockchain platform for sports and entertainment, has partnered with Alchemy Pay to enhance its ability to accept traditional currency payments for digital assets. The collaboration, detailed in a recent Medium blog post by Chiliz, marks a pivotal moment for integrating traditional finance with digital assets within the Chiliz ecosystem.
Enhanced Accessibility through Alchemy Pay Integration
According to the announcement, Alchemy Pay now supports CHZ and 13 Fan Tokens, including ACM, ARG, and ATM, facilitating purchases via mainstream fiat channels such as Visa, Mastercard, local mobile wallets, and bank transfers.
This integration broadens the accessibility of Fan Tokens on Chiliz, allowing global sports enthusiasts to engage more seamlessly with their favorite teams. By leveraging Alchemy Pay’s extensive global network and support for over 50 fiat currencies across 173 countries, Chiliz aims to revolutionize and simplify fan interaction in the sports sector.
About Chiliz Fan Tokens
Fan Tokens are unique digital assets associated with sports clubs. Fan Token holders gain access to exclusive benefits and voting rights within their clubs, strengthening the bond between fans and their teams. Through the use of CHZ tokens, fans can acquire Fan Tokens on Socios.com, granting them exclusive privileges.
Founded by CEO Alexander Dreyfus, Chiliz is a pioneer in enabling sports organizations to monetize their fan bases while enhancing fan engagement through Fan Tokens. Chiliz has attracted investments from notable entities including FBG Capital, Binance, and OK Blockchain Capital.
Chiliz’s Growing SportsFi Ecosystem
Chiliz is expanding its SportFi ecosystem, strengthening its presence in the sector. The platform features over 80 operational Fan Tokens from prestigious clubs like FC Barcelona and Juventus, accessible through Socios.com.
This ecosystem’s backbone includes advanced technology partners such as Moralis, Tatum, and ANKR, whose integrations help to bridge digital and real-world sports experiences. Beyond tokens, Chiliz offers various fan and community apps like Blockasset and FanFest, enhancing engagement and rewarding loyalty among sports enthusiasts. Chiliz is currently building infrastructure for DeFi solutions and a metaverse-based platform to further enhance fan experiences.
Is CHZ Gearing Up for a Rally?
CHZ has shown bullish signs recently, supported by on-chain data indicating increased activity from dormant wallets and a reduction in exchange supply. This suggests the potential for a rally in CHZ price. Recent on-chain analysis highlighted capitulation events on July 5 and July 8, chcoinciding with heightened activity from dormant wallets and a decrease in CHZ supply on exchanges.
These indicators typically signal bullish sentiment among investors, potentially driving up CHZ’s price. Technical indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) on the weekly chart are below neutral thresholds, suggesting room for further upside.
next
Chiliz Partners with Alchemy Pay to Expand Fiat-Crypto Payment Support for CHZ and Fan Tokens
