Alchemy Pay will integrate with Scroll, a Layer-2 scaling solution for Ethereum.
This development will leverage zero-knowledge technology and compatibility with the Ethereum Virtual Machine (EVM), which means that users can acquire and access USDT and USDC on Scroll through Alchemy Pay.
The overall goal of this development is to integrate global clients and address challenges in decentralized finance (DeFi). With this development, users can purchase these assets using more than 50 fiat currencies and various payment options across 173 countries.
USDT and USDC support via Scroll
Scroll is a Layer-2 blockchain created by Ethereum developers. It is scalable, secure, and open-source and embodies Ethereum’s core values of participation, decentralization, censorship resistance, auditability, credible neutrality,
By integrating USDT and USDC into the Scroll ecosystem through Alchemy Pay, the partnership aims to popularize these assets among users and developers. This will ultimately enrich the Scroll ecosystem and attract more users globally.
Scroll’s primary goal is to provide a scalable solution while maintaining Ethereum’s trusted security and decentralization.
We are thrilled to announce that #AlchemyPay now supports the @Scroll_ZKP network, integrating Scroll-USDT/USDC on our Fiat On-Ramp!With seamless fiat-crypto onboarding, we join forces with #Scroll to enhance accessibility for users and developers worldwide🙌… pic.twitter.com/TUBnJYSikD
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 5, 2024
Scroll has designed its zkEVM bridge to be bytecode-level EVM-compatible, closely emulating Ethereum. This allows developers to bring over Ethereum projects to Scroll without any changes to code.
Alchemy Pay — which has secured compliance licenses in various jurisdictions, including the United States, Canada, Indonesia, and Lithuania — is operational in 173 countries and accepts mainstream payment methods such as Visa, Mastercard, Apple Pay, and Google Pay. Alchemy Pay has 300 payment channels and helps users avoid high transaction fees.
Integrating with Scroll is a major milestone for Alchemy Pay, enabling seamless fiat-to-crypto payment solutions. By providing access to USDT and USDC, Alchemy Pay is hoping to enhance the adoption of these popular cryptocurrencies. They hope for more global use and they hope it brings more clients to both Alchemy Pay and Scroll.