![]() ![]() ![]() Read more: Alchemy Pay Will Offer Virtual Crypto MC, Visa CardsĪlchemy Pay and Algorand offer complementary services that are striving to bring together traditional finance with decentralized, blockchain finance. The partnership between the two companies is expected to increase overall adoption. Like us, Algorand is focused on the evolution of decentralized finance, and we are happy to be helping Algorand users move seamlessly between blockchain and non-blockchain economies,” said Alchemy Pay CEO John Tan.īy integrating mainstream payment methods, new users can join the Algorand ecosystem without the complications that are often a major bar to entry. “Our payment network gives ALGO broad use as a currency globally. See also: Algorand Foundation Announces $300M Fund to Grow DeFi InnovationĪlgorand joined the Blockchain Infrastructure Alliance (BIA) when it launched in October in coordination with Alchemy Pay, NEO, NEAR, and Polygon. Integrating with Alchemy Pay gives Algorand the ability to onboard users via fiat payment standards such as Visa, Mastercard, PayPal and other local payment channels worldwide.Īlchemy Pay, a payment solutions provider that connects fiat and crypto economies, has a global merchant network that will now support Algorand's $ALGO token for payments in 65 countries. 10).Ī layer-1 blockchain for decentralized and traditional finance, Algorand offers the $ALGO token for payments. Algorand is bringing direct fiat payment channels into their network through a partnership with Alchemy Pay, according to a press release on Monday (Jan. ![]()
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