Alchemy Pay enables fiat on-ramp for HBAR and USDC on Hedera
Singapore-based fiat-to-crypto payments provider Alchemy Pay has expanded its solution with support for Hedera’s native token.
The firm announced the integration of Hedera (HBAR) and USDC (USDC) on the blockchain platform on April 3, noting the on-ramp solution will allow users to buy the crypto assets seamlessly with credit card, bank transfer and via local payment methods.
Alchemy Pay (ACH) recently unveiled its own blockchain and added on and off-ramping support for Movement token and the Ledger Live platform.
The firm, which has seen notable growth across the crypto payments industry, boasts key partnerships with some of the world’s top financial platforms and providers, including Visa, Mastercard, Nuvei and Apple Pay.
Support for Hedera follows a partnership with the HBAR Foundation, the entity focused on supporting web3 projects building on the Hedera blockchain. HBAR and USDC are core assets in this ecosystem, which Alchemy Pay says its fiat-crypto solution will help expand.
The initiative will be crucial to Hedera’s growing presence in the real-world asset tokenization and artificial intelligence markets.
Alchemy Pay’s solution will also boost Hedera’s decentralized finance economy. The blockchain network is also seeing notable attention across regulated security tokens and non-fungible tokens. RWA, DeFi and NFTs are major ecosystems within the broader crypto and blockchain technology space.
The platform recently unveiled two improvement proposals designed to unlock more growth for Hedera.
Other than unlocking new capabilities for HBAR, the proposals add native scheduled transactions to smart contracts. This means allowing for multi-party coordination, with scheduling key to developers building and deploying advanced decentralized applications.
In late March, Hedera announced that its native token was now available in Wallet in Telegram, with the support set to bring HBAR to Telegram’s 1 billion monthly active users. Users can now buy, sell and hold HBAR via the non-custodial wallet.
