Alchemy Pay has integrated with WalletConnect, a fiat on-ramp for buying $WCT through WalletConnect. This enables individuals to purchase the tokens using basic traditional payment options. Buyers in over 173 countries can purchase $WCT using Visa, Mastercard, mobile money, and bank transfers. The integration is intended to make the entrance into the world of cryptocurrencies easy for users of fiat money transactions.
$WCT is set up to operate in the broader market, as it plans to be listed on key exchanges such as Binance, Kraken, and Bitget. The Alchemy Pay integration gives the on-ramp and off-ramp needed to WalletConnect to suit the two regions’ regulatory environments and user experience as the token approaches token listings.
Strengthening Global Access to Web3 Connectivity
WalletConnect, which has its distinctive blue logo and is integrated with hundreds of dapps, offers the foundational solution for wallet connections and blockchain services. It currently supports more than 275 million connections, boasts 45 million users worldwide, and is now considered a staple of Web3.
$WCT represents WalletConnect as intending to become a decentralized platform owned by the community. Thus, by integrating $WCT into Alchemy Pay’s fiat on-ramp solution, the companies help facilitate people’s entry into the decentralized ecosystem.
Alchemy Pay currently supports over 50 fiat currencies and works with more than 300+ payment integrations for legal operations in jurisdictions that include the United Kingdom, the United States of America, Canada, Australia, Switzerland, and South Korea.
Alchemy Pay Advance Crypto Accessibility and Compliance
The achievements of Alchemy Pay in 2024 include the company registered users hitting 3 million and the transactional volume exceeding 8 million, highlighting the need for cost-efficient and highly compliant fiat-crypto options.
The company has attained different regulatory approvals in other jurisdictions to supply Web3 projects with an efficient infrastructure by integrating distributed ledger technologies, such as blockchain and distributed ledger solutions.
The partnership with WalletConnect aligns with both firms’ goals of enabling efficient, secure, and compliant use of cryptocurrencies. It promotes building a fair financial system and lets users obtain its native tokens to explore the decentralized web with fiat.
