- Alchemy Pay now supports $FLOCK, the AI token from FLock.io, enabling fiat purchases through its global payment network.
- The integration boosts $FLOCK’s accessibility and connects AI-focused users to Alchemy Pay’s on-ramp services.
- Alchemy Pay will launch tokenized U.S. stocks and RLUSD stablecoin support through new partnerships with Backed and Ripple.
Alchemy Pay has partnered with FLock.io, adding the $FLOCK token to its fiat on-ramp infrastructure. FLock.io focuses on federated AI model training, to allow collaborations that do not take centralised control over individual datasets. Through this integration, users can purchase $FLOCK with fiat currency using the Alchemy Pay network that operates globally, connecting to more than 300 local payment channels.
The alliance strengthens Alchemy Pay in the AI industry. The increasing interest in privacy-preserving machine learning approaches fuels FLock.io decentralized AI model training. The FLock listing expands its coverage in established and new markets, and the Alchemy Pay listing enhances the use of its on-ramp utilities to support innovative Web3 initiatives.
Alchemy Pay Expands Global Reach
In a separate development, Alchemy Pay has partnered with tokenization platform Backed to launch 55 tokenized U.S. exchange-traded funds (ETFs) and stocks using its xStocks platform. This integration allows fiat-to-RWA, allowing global users direct access to the most popular investment products previously available only to U.S. investors.
The company said the rollout would prioritise areas where traditional access to financial markets is still limited. Alchemy Pay CMO, Ailona Tsik, also highlighted how the firm aims to collapse the so-called heritage walls to make investment accessible to everyone.
Alchemy Pay has also joined forces with Ripple to integrate on-ramp services for RLUSD, a newly launched USD-backed stablecoin. The move allows users in over 173 countries to buy RLUSD with local fiat currencies using familiar payment methods such as Visa, Mastercard, Apple Pay, Google Pay, and regional mobile wallets.
Alchemy Pay has also secured several strategic partnerships in recent months. Collaborations with companies such as Paysafe, Mesh, Checkout.com, Mastercard (for fraud prevention), and Worldpay from FIS have enhanced its regulatory alignment and global transaction capabilities.
The company also recently partnered with MiniPay to integrate fiat-to-crypto functionality into a stablecoin wallet designed for everyday transactions, further extending its footprint in retail crypto payments. The company has also acquired Money Transmitter Licenses (MTLs) in several US states and achieved AUSTRAC approval as a digital currency exchange provider in Australia, demonstrating a commitment to regulatory compliance and global expansion.
As of this writing, Alchemy Pay’s ACH token is trading at $0.01795, registering a 1% decline in the last 24 hours. Its trading volume shows signs of recovery as it has registered a 2% gain, at $22.7M.
