- Developers and dApps on Stellar will integrate the Alchemy Pay Ramp through APIs and plugins
- Alchemy Pay has licenses to provide financial and payment services worldwide
- Companies of all sizes use the Stellar network to transfer funds and access new markets
Developers on the Stellar blockchain can now access Alchemy Pay's on and off-ramps for convenient fiat to crypto purchases of USD Coin (USDC) and Stellar Lumens (XLM). This has become possible after Alchemy joined Stellar’s ecosystem, Bankless Times learned from a press release.
The partnership will let developers and dApps within the Stellar ecosystem integrate the Alchemy Pay Ramp through APIs and plugins and make affordable fiat-crypto transitions available on their platforms.
Direct purchase of crypto
The ramps are easily integrated on Gamefi platforms, DeFi protocols, and NFT marketplaces and allow direct purchase of crypto via mobile wallets, credit and debit cards, and bank transfers.
A global choice for developers
Among Alchemy Pay’s partners are leading networks and platforms such as Binance, OKX, Polygon, Neo, Avalanche, Arbitrum, and Algorand. Alchemy Pay Ramp is available in 173 countries and across more than 300 local channels, making it a truly global choice for dApps and developers to onboard users from all over the world.
Regulatory adherence
Alchemy Pay has licenses to provide financial and payment services and caters to customers in the US, Indonesia, and other countries. Their proactive approach guarantees increased security and heightened regulatory adherence. Moreover, the platform has earned credentials from Mastercard and Visa.
Stellar processed 700M transactions in Q3/2023
The Stellar network was created almost a decade ago. In the most recent quarter of this year, it supported 700 million operations. Recently, MoneyGram started developing its own wallet on Stellar.
Companies of all sizes use the Stellar network to transfer funds and access new markets. Stellar’s blockchain is scalable, decentralized, and created for financial services and products. This stands in contrast to the Bitcoin network, which can only be used to trade Bitcoin.
Driving adoption of crypto
Thanks to Alchemy Pay’s new ramp service on the Stellar network, a wider audience is becoming exposed to crypto and adopting it. This will make building on the Stellar blockchain easier than ever.
Contributors
