Alchemy Pay Extends Support to Celo; Native USDC and USDT for Easy On-Ramp

SINGAPORE, June 4, 2024 /PRNewswire/ -- Alchemy Pay, a leading fiat-crypto payment solution, has extended support to Celo, a mobile-first and EVM-compatible

Alchemy Pay, a leading fiat-crypto payment solution, has extended support to Celo, a mobile-first and EVM-compatible blockchain network. This integration enables Alchemy Pay to facilitate the acquisition of USDC and USDT on Celo via local fiat currencies and regular fiat payments, available in 173 countries. Alchemy Pay had previously announced the integration of CELO and cUSD onto its on-ramp platform.Operating in 173 countries, Alchemy Pay ensures widespread accessibility for cryptocurrency purchases, offering a diverse array of payment options from conventional credit cards like Visa and Mastercard, to regional mobile wallets and domestic transfers. Alchemy Pay also offers local mobile wallet integration, with over 300 payment channels to guarantee a seamless checkout experience.

Alchemy Pay is also expanding its service portfolio, increasing transaction success rates, and optimizing operational efficiency by acquiring licenses in various countries and regions. These include different states in the United States, the UK, Canada, Indonesia, and Lithuania, with upcoming license acquisitions in Hong Kong and Singapore. Notably, Alchemy Pay is authorized by both Visa and Mastercard as a third-party service provider.Celo is a mobile-first blockchain designed for fast, low-cost payments worldwide. Utilizing Ethereum-compatible technology, Celo aims to reach global users at scale, aspiring to construct a financial system that fosters universal prosperity. By scaling Ethereum with real-world solutions, Celo spearheads a thriving new digital economy for all. The platform is supported by a diverse community of ecosystem partners, including Google Cloud, Telefónica, Opera, and Deutsche Telekom.Operating in 150 countries, Celo boasts over 1,000 partners and a thriving ecosystem of projects contributing to its global mission. Together, they aim to onboard the next billion users into Web3 and create a financially inclusive world. Circle's USDC and Tether's USDT are both natively deployed on the Celo mainnet.