IoTeX partners with Alchemy Pay to revolutionize Blockchain payments and remittance solutions

A significantly scalable, secure and fast blockchain platform called IoTeX has started a collaboration with the Web3-focused payment services offering platform Alchemy Pay. As included in the collaboration, the payment solution of Alchemy Pay will be launched by IoTeX in its ecosystem.

IoTeX offers on- and off-ramp solutions for Alchemy Pay as a result of its exclusive partnership

IoTeX intends to use Alchemy Pay’s plugin to allow dApps and developers on its platform to integrate the payment company’s on- and off-ramp operability. This also enables consumers living all over the world to easily buy and trade crypto using their preferred payment method and native fiat currencies. The collaboration also considers enabling customers to buy IOTX (the native currency of IoTeX) with fiat currency on the Alchemy Pay ramp side.

Alchemy Pay noted a blog post to reveal the collaboration on Medium. In that post, it mentioned that the company’s compatibility with the payment platforms like MasterCard and Visa is spread around almost 173 countries. Additionally, it also revealed that Apple Pay and Google Pay are also supported by it. Along with this, local transactions are also supported by it in addition to mobile wallets operating in exclusive markets.

As claimed by Alchemy Pay, the payment platform offers a consumer-friendly experience of payments. It went on to explain that the platform offers a large network of more than 300 regional payment channels to enhance convenience. The partnership between Alchemy Pay and its remittance partners also enables an unprecedented transition between crypto and fiat currency.

Partnerships focus on driving progress in decentralized finance

This offers transfer options to bank accounts operating within more than fifty fiat currencies. IoTeX is known as a flexible platform for Web3 infrastructure. It connects real-world data and intelligent devices to blockchains. While doing this, it has a vision to empower people to own their devices, identity and data in a connected sector.

By taking advantage of blockchain technology, IoTeX reveals the potential of the data and smart devices. This will also enable the development of digital assets and decentralized applications (dApps). The company takes real-world data to the blockchain world to allow customers to generate digital assets in line with their real-world data and actions.