In a groundbreaking move, Alchemy Pay, a leading fiat-crypto service provider, has partnered with DEFED to deploy its On-Ramp solution on the platform. This collaboration marks a significant development in the world of cryptocurrency, providing users with a seamless, convenient, and secure method to acquire digital assets using their preferred fiat payment options. Furthermore, the Off-Ramp service on DEFED is set to go live in the coming days, making it even easier for users to convert their cryptocurrencies into fiat currencies.
Paving the Way for Mainstream Crypto Accessibility
Alchemy Pay has established itself as a pioneering force in the world of fiat-crypto services, specializing in bridging the gap between cryptocurrencies and traditional fiat payments. With its versatile payment gateway supporting Visa, MasterCard, Discover, DinersClub, Google Pay, Apple Pay, and various domestic transfer methods, Alchemy Pay has expanded its reach to 173 countries.
This extensive network of payment options ensures mainstream accessibility to cryptocurrencies, allowing users to buy and sell digital assets with their local currencies as effortlessly as making any other online payment. Boasting high conversion rates, low fees, straightforward KYC procedures, and over 300 alternative local payment channels, Alchemy Pay’s On-Ramp simplifies the crypto-fiat transaction process.
Moreover, Alchemy Pay’s Off-Ramp service offers users the ability to seamlessly transition from the crypto world to fiat currencies. This service facilitates remittances to bank accounts in over 50 fiat currencies, enhancing the utility of cryptocurrencies for users worldwide. The success of Alchemy Pay can be attributed to its team’s extensive background in traditional finance and fintech payments. This expertise has allowed Alchemy Pay to secure licenses in multiple countries, including the United States, Canada, Indonesia, and Lithuania, showcasing its competence in the crypto payment industry.
On the other hand, DEFED represents a paradigm shift in the digital economy and financial ecosystem. Operating under DEFED DAO, this platform is committed to building a decentralized, open, and innovative financial world. It aims to ease the transition for Web2 users into the Web3 realm, allowing them to experience the new decentralized finance and blockchain technologies in familiar ways. DEFED’s approach to simplifying the transition process is multifaceted.
Users can register their Web3 wallets using their existing email addresses, eliminating complex setup procedures and configurations. This intuitive registration process enables users to establish their Web3 identities quickly and efficiently. DEFED also introduces instant, low-interest, multi-chain-based lending through its DEFED Lend feature. This empowers users to maximize the flexibility and utilization of their assets without the need for extensive preparations.
Addressing the complexity of interacting with decentralized applications (DApps) deployed on multiple chains, DEFED offers a seamless experience by optimizing transaction mechanisms and leveraging its underlying technology. This reduction in operational costs and complexity makes participation in the Web3 ecosystem much more user-friendly. Additionally, DEFED prioritizes user communication by providing a fully decentralized and encrypted instant messaging function.
The deployment of Alchemy Pay’s On-Ramp solution on the DEFED platform represents a pivotal moment in the evolution of the crypto industry. This partnership has redefined accessibility to cryptocurrencies, making it easier and more convenient for users to enter the world of digital assets. The impact of this development is far-reaching, with the potential to revolutionize how users transact with cryptocurrencies and navigate the complexities of Web3.
