Alchemy Pay, a well-known platform providing hybrid payment infrastructure for crypto and fiat currencies, has announced another partnership. As per Alchemy Pay, it has expanded support to Tether’s USDT and Circle’s USDC stablecoins on Celo (an EVM-compatible and mobile-first blockchain network). The platform took to the social media company X to announce the respective collaboration.
🤝#Alchemy Pay Extends support for @Celo!Building on our previous partnership, we're thrilled to facilitate the direct acquisition of Celo-native USDC and USDT via local fiat currencies and regular fiat payments, available in 173 countries with 50+ fiat currencies supported.… pic.twitter.com/OdSqJ9e2rm
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 3, 2024
Alchemy Pay Expands Support for USDT and USDC Tokens on Celo for Smooth On-Ramp
Apart from the announcement on X, it also offered insights into the latest endeavor through a comprehensive blog post. The platform noted that Celo has natively deployed both the USDT and USDC tokens on its mainnet. With this deployment, the platform enables the acquisition of the above-mentioned stablecoins on Celo. In this respect, it reportedly utilizes the native fiat currencies as well as the usual fiat payments.
The extension permits the consumers on the robust Celo ecosystem to leverage the USDT and USDC tokens. As per the reports, Celo has more than 1,000 collaborators in up to 150 jurisdictions. On the other hand, Alchemy Pay provides easy access and matchless support. As a result of this, both newcomers and seasoned enthusiasts of crypto assets can onboard Celo-USDT and Celo-USDC.
The Collaboration Combines the Exclusive Features of Both Firms to Offer a Matchless Experience
Formerly in May last year, Alchemy Pay unveiled the integration of cUSD and CELO tokens onto the on-ramp platform thereof. This allowed the consumers to communicate with the respective digital tokens for regular use in a straightforward and compliant manner. Celo’s mobile-first blockchain focuses on the provision of cost-efficient and rapid payments across the globe.
With EVM compatibility, Celo targets reaching consumers worldwide to let them prosper equally. With its Ethereum scaling with exclusive real-world solutions, the company is expediting a resilient digital financial ecosystem for all. A diverse community including its ecosystem collaborators like Deutsche Telekom, Opera, and Telefónica supports Celo’s platform.
On the other hand, Alchemy Pay operates in up to 173 jurisdictions worldwide. It guarantees broad-level crypto purchases and offers a diverse list of payment options. Hence, it offers conventional credit cards such as Mastercard and Visa for domestic transactions and local mobile wallets. The platform has more than 300 native payment channels and increases its access to regional mobile wallets. This guarantees a smooth checkout experience.
