Bitcoin News and Finance
Alchemy Pay Drives Crypto Adoption by Bridging Fiat and Crypto Economies Skip to main content

Alchemy Pay Drives Crypto Adoption by Bridging Fiat and Crypto Economies

Digital assets have seen great success as investment tools in recent years, but payment adoption is unfortunately still lagging behind. Alchemy Pay is well on its mission to change this by enabling millions of merchants to accept crypto payments and get paid in their local currency. At the same time, Alchemy Pay also opens up investments in the DeFi space to fiat investors.

Pay With Crypto at the Bar or Online With Alchemy Pay

Alchemy Pay is a hybrid fiat and digital currency gateway solution for businesses and investors. It already operates in 18 countries and regions around the world and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Shopify, Arcadier, QFPay, Binance and more.

By enabling businesses to accept crypto clients and get paid in local fiat currency Alchemy Pay solves a major problem for the crypto economy. Crypto payments adoption is vital for the long term and sustainable growth for the industry, but traditional businesses have faced difficulties accepting cryptocurrencies. This can be due to a lack of technical skills, regulatory concerns or just not wanting to deal with price volatility. Alchemy Pay simply removes all of these issues. It also helps make it easier for businesses to accept crypto as they only need to use the same one system for fiat payments (only one payment terminal for offline transactions, and only one API/Plugin to integrate for online payments).

From a crypto user’s perspective, this means that thanks to Alchemy Pay you could be spending your crypto to pay for a taxi, in an online store or at the local mall and even a high class bar.

 

Alchemy Pay Opens up DeFi Space to Fiat Investors

Another way Alchemy Pay is bridging the gap between the old and new economies is opening up the DeFi (decentralized finance) space to fiat investors. Alchemy achieves this by letting investors directly use fiat to gain access to blockchain services.

Instead of paying with digital utility tokens, Alchemy Pay – in the background – seamlessly facilitates the exchange of fiat into utility tokens to access DeFi services. And by partnering with a traditional financial institution, Alchemy Pay enables DeFi platforms to offer their investors access to significantly higher returns available only in the crypto lending/staking space right now.

The DeFi world has been growing like crazy recently, but it is still limited to the relatively small number of investors in the cryptosphere, compared with those in the larger global fiat economy. This solution from Alchemy Pay can thus significantly accelerates it even further.

Demonstrating the popularity of the service, ACH – the token that powers Alchemy Pay, was just added to Coinbase Pro earlier this month.

To learn more about Alchemy Pay and how it can benefit your business visit the company’s website and follow the latest developments on Twitter.

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory