Fibonacci, a commercial public chain that focuses on the social field and builds a social and creator economic ecosystem, has partnered with Alchemy Pay “to provide a convenient fiat on-ramp and off-ramp solution within its ecosystem.”
With this collaboration, Alchemy Pay “offers a user-friendly plugin directly to developers building applications on the Fibonacci blockchain with minimal expenses.”
By integrating the plugin, users from around the globe “gain the ability to purchase cryptocurrencies directly using their preferred local fiat currency methods.”
As part of the partnership, FlySwap, “the first decentralized exchange on the Fibonacci public chain, also has integrated with Alchemy Pay’s on and off ramp.”
Additionally, the native token of the Fibonacci blockchain, $FIBO, “has been seamlessly incorporated into Alchemy Pay’s ramp, enabling users to conveniently purchase $FIBO using their local fiat currencies.”
With its global reach, Alchemy Pay “provides coverage in 173 countries, facilitating fiat-crypto transactions through various payment methods such as Visa, Mastercard, regional mobile wallets, and domestic transfers.”
Alchemy Pay’s network, boasting over 300 fiat payment channels, “goes beyond traditional card payments, enabling users to access and utilize local mobile wallets for seamless transactions.”
Fibonacci is “a commercial blockchain initiative with a primary focus on the social sector. Its main objective is to establish a thriving ecosystem for the social and creator economy.”
The project boasts a strong infrastructure “that includes the innovative SocialX protocol, along with a comprehensive range of tools such as FlySwap, FigBox, FBridge, FiboScan, Phantasm, and Mirror.”
These tools collectively “create a comprehensive ecosystem for social applications, delivering efficient, secure, and top-notch services to users.”
As noted in the update, Fibonacci is “a new commercial public chain that focuses on the social field and builds a social and creator economic ecosystem.”
Fibonacci is “named after the famous Italian mathematician and his eponymous sequence, which represents simplicity, nature, and beauty. It represents the golden ratio, which is one of the only two natural growth models.”