Alchemy Pay, the leading payment gateway for fiat and crypto, has announced an exclusive partnership with Yala, a popular liquidity protocol devoted to Bitcoin ($BTC). The partnership is set to back the release of Yala Yeti Card, which enables consumers to seamlessly utilize $YU yield across numerous merchants across the globe. The platform revealed this development in a recent X post.
Alchemy Pay Backs Yala’s Launch of ‘Yala Yeti Card’ for Seamless $YU Yield Expenditure
As a part of the collaboration with Yala, Alchemy Pay focuses on supporting the impending Yala Yeti Card’s launch. This development will permit the consumer to consume yield in $YU, the native token of Yala, across merchants spread around the world. Simultaneously, the users can retain complete access to $BTC-backed liquidity as well as earnings.
With the worldwide payment infrastructure of Alchemy Pay, $YU gets the ability to operate as a real-world payment asset and yield-generating tool. With the Yeti Card, the consumers will be allowed to utilize $YU at coffee shops, e-commerce platforms, and retail stores. This will make on-chain yield a convenient option for normal financial utility.
Apart from the support for the card, the fiat off and on-ramps of Alchemy Pay have also been incorporated to back $YU. As a result of this, the consumers can sell and purchase the token through local payment means including Google, Apple Pay, Mastercard, Visa, mobile wallets, bank transfers, and fiat currencies. Hence, it decreases the barrier for latest consumers to reach the Yala ecosystem while streamlining DeFi interaction via regulated entry and user-friendliness.
Alchemy Pay’s infrastructure, which is currently serving across 173 jurisdictions while supporting more than three hundred fiat payment methods, redefines $YU. It makes the token a liquid and spendable asset linked to worldwide commerce. While strongly emphasizing regulatory compliance, Alchemy Pay possesses chief licenses in Indonesia, Korea, Europe, Australia, UK, Canada, and the United States.
Driving Financial Sovereignty, Real-World Utility, and Capital Efficiency
According to Alchemy Pay, the partnership is marked by the merger of the decentralized $BTC liquidity mechanism of Yala with its cutting-edge payments infrastructure. This enhances the function of the $YU token, establishing a bridge between $BTC-backed DeFi, financial accessibility, and real-world spending. Hence, both the entities are poised to unlock exclusive composability levels between financial sovereignty, real-world utility, and capital efficiency.
