Pundi X, a leading blockchain technology company, has announced a major update to its decentralized payment platform. The company will integrate Alchemy Pay’s on-ramp and off-ramp services to streamline cryptocurrency transactions for merchants. This update is set to launch in Q1 2025, providing a more seamless experience for businesses and customers alike. This news was shared though Pundi X official X account.
Pundi X to Enhance XPOS with Alchemy Pay’s Fiat-Crypto Integration
By doing so, Pundi X’s self-custodial payment solution merchants will be able to transact in both fiat and digital assets. Pundi X’s XPOS will incorporate these conversions and execute them without compromising the decentralized and seamless qualities of Alchemy Pay. This integration makes works easier for companies to adopt cryptocurrency into their operations.
The new service will require merchants who intend to use the service to sign up with Alchemy Pay. Once registered they shall be connected to the global network of converting fiat currency into cryptocurrency. What this means is that businesses will be able to integrate crypto payments and then convert such payments into the local fiat currency. The integration makes it possible for merchants to transact in the digital economy hence unleashing other payment methods for their customers.
Furthermore, it has implications on the on-ramp and off-ramp services available for users of the system. Fiat payment will be accepted by the merchants, and then, through the integration of Alchemy Pay, can be converted into cryptocurrency. Likewise, they will be ready to transmute cryptocurrency into the native currency, which will make the payments easy. This feature will help companies to manage their payment flows better and improve their performance in a global context.
Pundi X and Alchemy Pay Collaborate to Simplify Crypto Adoption for Businesses
According to Zac Cheah, the CEO at Pundi X, the integration is a way of achieving the company’s goals on financial literacy. He said that through Alchemy Pay, merchants will be able to integrate cryptocurrencies and that this will give them a genuine worldwide payment solution.
On the other hand, Robert McCracken, the Ecosystem Lead at Alchemy Pay, said that the partnership enables the company to ease the transition between fiat and crypto. Altogether, they are providing an effective instrument to the company that is ready to start its journey in the digital economy.
