The full-stack Web3 infrastructure provider, Particle Network, has “gone live with the Alchemy Pay Onramp Solution for its wallet.”
The integration “means users can pay with their preferred fiat payment methods directly to seamlessly buy crypto and fund their Particle wallet.” Alchemy Pay’s payment gateway supports payments “with Visa and MasterCard in 173 nations, multiple domestic transfers, and popular mobile wallets in emerging markets.”
As part of its Web3 dApp infrastructure services, Particle Wallet “powers businesses to embed Web3 experiences across DeFi, NFTs, payments, social media, and more by using the most powerful wallet infrastructure API.”
The Particle Wallet “provides developers with a complete wallet function solution.”
By calling on APIs, “it makes it safe and easy for a dApp developer’s users to send, receive, and swap tokens, and collect NFTs, on multiple blockchains.” Alchemy Pay’s payment gateway now allows users “to buy crypto with their local fiat currencies for seamless crypto purchase for both natives and newcomers.”
The Particle Wallet is “not a standalone wallet, but rather a wallet infrastructure that can be integrated into apps or wallets.” With Particle Wallet, developers “can integrate a wallet tailored to their app’s needs.”
After years of providing crypto-related businesses with fiat payment rails, fiat-crypto conversions, and fiat payouts, the Alchemy Pay Ramp Solution now “brings the power of a comprehensive network payment directly to users around the world.”
With high conversion rates, low fees, and fast, simple KYC, the ramp “makes buying and selling crypto with domestic local currencies as easy as any other regular online payment.”
With more than 300 fiat payment channels, its ramps “go beyond global cards and give access to local mobile wallets.”
In Southeast Asia and LATAM, “in particular, where millions struggle to get accepted for traditional banking services, these wallets are no longer considered to be alternative payment methods.” These are also regions “where crypto adoption rates and dApp usage is high and increasing rapidly.”
Among others, Alchemy Pay supports e-wallets “such as: Pix in Brazil (116M users); GCash in the Philippines (60M users); OVO (92M users) & Dana (115M users) in Indonesia; Kakao Pay (NFT Checkout only) in Korea (36.5M users) MoMo in Vietnam (23M users); Paynow in Singapore (4.9M users); as well as EWallet in Brazil, Peru, Chile, Colombia (user figures not confirmed). SEPA transfers are also supported for payments in Europe.”
Alchemy Pay CEO, John Tan:
“We are very supportive of the infrastructure that Particle provides to businesses and developers. It is part of a larger movement as companies move further into Web3. We are glad that our payment gateway services are able to provide seamless entry to Particle’s wallet. We may also deepen our relationship and provide the use of our NFT Checkout service.”
Alchemy Pay’s founding team’s experience in the traditional finance and fintech payments space “has given an advantage where competitors have struggled.”
In recent months, it has “formed fiat onramp collaborations with networks such as Polygon and Arbitrum.”
Founded in Singapore in 2018, Alchemy Pay is “a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users.”
The Alchemy Pay Ramp Solution is “integrated, via plugin or API, with platforms and dApps, providing an easy onramp from fiat currency to crypto.”
Alchemy Pay’s supports payments “from 173 countries — Visa, MasterCard, popular regional mobile wallets, and domestic transfers with a focus on emerging markets.”
Its offramping capability “remits to users in 27 local fiat currencies.” ACH is “the Alchemy Pay network token on Ethereum and Binance Chain.”