Alchemy Pay Integrates into Core DAO

Published on: 15.05.2024
Alchemy Pay Integrates into Core DAO

Core, a Bitcoin-powered, EVM-compatible Layer 1 blockchain that blends Delegated Proof-of-Work (DPoW) and Delegated Proof-of-Stake (DPoS), has integrated Alchemy Pay as a ramp service provider.

This partnership facilitates easy fiat-to-crypto and crypto-to-fiat transactions within the Core ecosystem. Developers and users can now access Alchemy Pay’s On & Off-Ramp services through the Core platform’s “Explore-Ecosystem” portal under the “Ramp” category. This integration allows Core users worldwide to buy and sell cryptocurrencies using their local fiat currencies seamlessly.

Expanding Accessibility for $CORE

The partnership extends beyond just user convenience. Alchemy Pay’s platform now directly supports $CORE, allowing users to buy and sell the token using their preferred fiat currency. This widens accessibility and fosters a smoother user experience for those interested in interacting with the Core blockchain.

Seamless Fiat-to-Crypto Transactions

Alchemy Pay’s on-ramp solution is renowned for its broad compatibility across various blockchains and its user-friendly fiat purchase options. With a global presence spanning 173 countries and support for over 50 fiat currencies, Alchemy Pay empowers users to leverage more than 300 payment methods for their crypto transactions. This includes popular choices like Visa, Mastercard, Apple Pay, and Google Pay, in addition to localized mobile wallets and domestic bank transfers. This robust infrastructure guarantees a smooth user experience for those converting between fiat and cryptocurrencies within the Core ecosystem.

Alchemy Pay: Committed to Compliance

To further enhance its services and ensure smooth operations, Alchemy Pay is actively pursuing licenses in various key regions. This includes securing licenses in the United States, Canada, the United Kingdom, Indonesia, and Lithuania, with plans for further expansion in Hong Kong, Singapore, and other strategic locations. This commitment to regulatory compliance strengthens Alchemy Pay’s position as a leader in the crypto payment sector.

About Core

Core is a layer-1 blockchain that leverages the security of Bitcoin’s network. This is achieved through a novel consensus mechanism called “Satoshi Plus,” which blends Delegated Proof-of-Work (DPoW) and Delegated Proof-of-Stake (DPoS). This innovative approach integrates Bitcoin miners into the security of smart contract functionality, enabling them to earn additional income through $CORE token rewards.

The Core blockchain network is a unique layer-one solution that combines the security of Bitcoin with the versatility of EVM-compatible smart contracts. Backed by roughly 55% of Bitcoin’s mining hash power, Core offers a highly secure environment for developers to build innovative applications. With features like “BTCfi” and “Bitcoin staking,” Core positions itself as the most Bitcoin-aligned EVM blockchain available.

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About Alchemy Pay

Alchemy Pay is a leading fiat-crypto payment gateway that bridges the gap between traditional finance and the crypto economy. By integrating its services with blockchain networks like Core, Alchemy Pay facilitates seamless and secure transactions, making cryptocurrency accessible to a broader audience through a wide array of payment options and stringent adherence to regulatory standards.

Website | Twitter

Source:
https://alchemypay.org/news-and-press/core-onboards-alchemy-pay-as-ramp-service-provider-within-its-ecosystem

 

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