Alchemy Pay, the leading platform offering solutions for crypto payments, has commenced a new partnership with MiniPay, a popular stablecoin wallet for real-world use cases. The collaboration aims to fortify MiniPay consumers with unparalleled access to stablecoins like $USDC, $USDT, and $cUSD via fiat currencies. The platform revealed this initiative in a recent press release.
Alchemy Pay Collaborates with MiniPay to Enable Streamlined Stablecoin Off and On Ramps
In this partnership, Alchemy Pay focuses on permitting MiniPay consumers to reach notable stablecoins via their local fiat currencies. Hence, the purpose of this development is to boost stablecoin accessibility to a vast fiat-using user base. In addition to this, the endeavor also promises the users to sell and buy stablecoins without even leaving the MiniPay interface.
At present, stablecoins are getting more and more prominence when it comes to real-world applications. In this respect, the latest collaboration between Alchemy Pay and MiniPay is a key step in enhancing stablecoin access. Additionally, as a part of this development, MiniPay is embedding the resilient fiat-crypto ramp of Alchemy Pay via Onramper. This lets consumers effortlessly off-ramp and on-ramp by utilizing their preferred regional payment methods like bank transfers, Google Pay, Apple Pay, Mastercard, and Visa.
MiniPay has become a notable player by providing global utility, simplicity, and speed. It permits consumers to receive and send the U.S. dollar-pegged stablecoins by leveraging only a phone number. Simultaneously, it is designed to unveil daily practical use cases such as using Mini Apps, purchasing gift cards, redeeming vouchers, and recompensing utilities. Moreover, since its release, MiniPay has surpassed 7M activated wallets along with a continuously growing platform of more than 15 Mini Apps. Thus, this move represents a notable move to make crypto more localized in a significantly Intuitive way.
Expanding Stablecoin Adoption with Local Fiat Support
According to Alchemy Pay, the collaboration efficiently fills the gap between Web3 and conventional finance with a scalable, compliant, and trusted infrastructure. The platform has effectively attained regulatory licenses across diverse jurisdictions like Korea, Australia, Canada, Europe, U.S., and more. Keeping this in view, both the companies are working together to increase stablecoin adoption with fiat compatibility.
