Alchemy Pay, a popular entity enabling fiat-crypto payments solutions, has announced its latest collaboration with Decred, a prominent community-led crypto project. The partnership denotes a strategic move to make Decred’s native $DCR token widely accessible to users across the globe with fiat currencies. The platform revealed this initiative on its official social media account.
Alchemy Pay Partners with Decred to Make $DCR Worldwide Accessible Via Traditional Methods
Alchemy Pay’s collaboration with Decred facilitates the consumers in more than 173 jurisdictions. Hence, the users in the respective countries can seamlessly buy $DCR through conventional payment methods, such as Google Pay, Apple Pay, Mastercard, and Visa. The collaboration also fills the gap existing between the crypto and fiat currencies, eliminating a key barrier for those endeavoring to take part in the ecosystem of Decred.
Decred has become a notable platform for the hybrid consensus model that it uses to combine proof-of-stake and proof-of-work mechanisms. In ths respect, it promotes community governance and decentralization. With this partnership, Decred endeavors to expand its accessibility beyond the crypto-focused community, entering mainstream adoption.
Bridging Between TradFi and Web3 to Increase Adoption
Alchemy Pay considers this partnership to be a crucial move in its mission to streamline crypto adoption. With this, it intends to increase $DCR’s availability for daily users around the world. The collaboration points out Alchemy Pay’s continuous efforts to widen its ecosystem of supported crypto assets. It also strengthens its role in the Web3 innovation and conventional finance as a bridge.
