Alchemy Pay, a fiat-crypto payment gateway, has announced its partnership with Morph, a global consumer layer for driving blockchain adoption.
This collab integrates Morph into Alchemy Pay’s supported network, thus enabling “acquisition and selling of USDC, USDT and ETH on Morph through local fiat currencies and regular payment methods.”
The partnership reportedly extends Alchemy Pay’s On & Off-ramp service to Morph’s native ecosystem, making these transactions “accessible in 173 countries with over 50 fiat currencies supported.”
By listing Morph-USDC, Morph-USDT and Morph-ETH on its On & Off-ramp, Alchemy Pay delivers an easy and “inclusive entry point for both seasoned crypto users and those new to the space.”
The process ensures Morph users can navigate the complexities of blockchain technology with ease, “furthering its mission of driving mass adoption.”
Morph is a consumer layer designed “to power the mass adoption of blockchain technology by serving as a distribution hub for resources that builders need to scale consumer applications.”
As the first Ethereum Layer 2 solution to combine both “optimistic and ZK roll-ups, Morph offers unparalleled scalability and flexibility.”
Its Decentralized Sequencer Network, Responsive Validity Proof System (RVP), and modular design “allow it to deliver efficient scaling on Ethereum Virtual Machines (EVMs).”
Alchemy Pay is a global leader in providing “secure, seamless, and efficient solutions for fiat-crypto transactions.”
Supporting more than 300 payment channels worldwide, including mainstream payment methods and local mobile wallets, Alchemy Pay “ensures inclusivity and accessibility for users across diverse regions.”
Leveraging its extensive experience in the crypto payment sector, Alchemy Pay has forged partnerships with networks and platforms, “including Tether, TON, BNB Chain, Uniswap, ICP, Arbitrum, OKX, and Bitget, etc.”
The partnership with Morph signifies a “critical step in the evolution of blockchain adoption.”
By facilitating easy access to Morph’s ecosystem, Alchemy Pay empowers users to experience the “full potential of innovative Layer 2 solutions, contributing to a more interconnected and efficient blockchain landscape.”
As noted in the update, the global consumer layer “powering a distribution hub for the resources builders need to launch and scale for the mass market.”
They’re enabling real consumer applications, “powering everyday transactions for everyday people.”
Founded in Singapore in 2017, Alchemy Pay is a payment gateway that connects crypto with “traditional fiat currencies for businesses, developers, and end users.”
With its offerings including On & Off-Ramp, Web3 Digital Bank and NFT Checkout, Alchemy Pay “supports payments in 173 countries.”
The Ramp is described as a one-stop solution “to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements.”
Their Web3 Digital Bank supports Web3 enterprises by “providing multi-fiat accounts and instant fiat-crypto conversion capabilities.”
Additionally, the NFT Checkout enables “direct purchases of NFTs using fiat payment methods.”
ACH is the Alchemy Pay network token on the Ethereum blockchain.