Alchemy Pay, a leading fiat-crypto payment gateway, has entered into a strategic partnership with the CKB Eco Fund. This collaboration allows users to directly purchase CKByte ($CKB), the first fully BTC-isomorphic Layer 2 (L2) protocol, using a variety of fiat payment methods via Alchemy Pay’s fiat-on-ramp solution. The partnership aims to make $CKB more accessible by offering a seamless, compliant purchasing process.
Through this partnership, users can now purchase $CKB securely through an on-ramp integrated into the CKB Eco Fund’s website, as well as directly on the Alchemy Pay Ramp platform. The on-ramp supports various payment options, including Visa, MasterCard, mobile wallets, and bank transfers. These payment methods streamline the process for users worldwide to acquire $CKB easily and in a compliant manner.
According to the firm, CKByte ($CKB) plays a key role in the Nervos Network, where it is used for transaction fees and data storage. Users holding 1 CKB can store one byte of data on the network’s base layer. The CKB Eco Fund, known for incubating and investing in projects connecting CKB to the Bitcoin ecosystem, supports decentralized application development in sectors such as DeFi, gaming, and NFTs.
Alchemy Pay’s Global Presence
Founded in 2017, Alchemy Pay specializes in bridging the gap between cryptocurrency and traditional fiat payments. Operating in 173 countries with over 300 payment channels, the platform supports a variety of local mobile wallets and ensures a smooth checkout process. Alchemy Pay’s extensive global licensing, covering regions like the UK, U.S., Canada, Indonesia, and Lithuania, reinforces its commitment to regulatory compliance and positions it as a trusted leader in the crypto payment industry.
The CKB Eco Fund’s focus on connecting CKB with the Bitcoin ecosystem is central to its mission. In January 2024, the fund launched the BTCKB initiative, aimed at improving Bitcoin’s blockchain integration with the CKB network. This development intends to enhance Bitcoin’s programmability and introduce smart contract functionalities through CKB’s innovative architecture.
The partnership between Alchemy Pay and the CKB Eco Fund marks a significant milestone in expanding access to $CKB, further bridging the gap between fiat and crypto ecosystems. With Alchemy Pay’s robust infrastructure and CKB’s cutting-edge technology, this collaboration is set to advance digital asset accessibility and drive innovation within the blockchain sector.
