Blockchain
A substantially scalable, secure and fast blockchain platform called IoTeX has partnered with Web3-focused payment service platform Alchemy Pay. As included in the collaboration, Alchemy Pay’s on- and off-ramp payment solution will be launched by IoTeX in its ecosystem.
IoTeX offers On- and Off-Ramp solutions from Alchemy Pay as a result of its exclusive partnership
IoTeX plans to use Alchemy Pay’s plugin to enable the dApps and developers on its platform to seamlessly integrate the payment company’s on- and off-ramp operability. This also enables consumers living around the world to easily buy and trade crypto using their preferred means of payment and native fiat currencies. The partnership also envisions customers being able to directly purchase IOTX (the native currency of IoTeX) using fiat currency on the Alchemy Pay platform page.
Alchemy Pay made a blog post announcing the partnership on Medium. That post mentioned that the company’s compatibility with payment platforms such as MasterCard and Visa is spread across nearly 173 countries. Moreover, it also revealed that Apple Pay and Google Pay are also supported by it. In addition, it also supports local transactions, in addition to mobile wallets that operate in exclusive markets.
As claimed by Alchemy Pay, the payment platform offers a customer-friendly payment experience. It further explained that the platform offers a large network of more than 300 regional payment channels for greater convenience. In addition, the collaboration between Alchemy Pay and the remittance agents enables an unparalleled transition between crypto and fiat currencies.
Partnership focuses on driving progress in decentralized finance
This offers remittance options to bank accounts that operate in more than fifty fiat currencies. IoTeX is known as a flexible platform for Web3 infrastructure. It links real world data and intelligent devices to blockchains. While doing so, it has a vision to empower the people to own their devices, identity and data in a connected sector.
Taking advantage of blockchain technology, IoTeX is revealing the potential of the data and smart devices. This will also enable the development of digital assets and decentralized applications (dApps). The company brings real-world data to the world of blockchain to let customers generate digital assets in line with their real-world data and actions.
