Alchemy Pay, a fiat-to-cryptocurrency payment service provider, has partnered with BounceBit (BB), to facilitate easy deposits and withdrawals.
Alchemy Pay, a supplier of fiat-to-cryptocurrency payment services, has announced a partnership with BounceBit (BB), a blockchain that traces Bitcoin transactions, to provide its consumers with easy options for deposits and withdrawals.
This partnership intends to strengthen support for the Bitcoin restaking ecosystem and expedite the acquisition of BB, BTC, FDUSD, and USDT tokens.
Users will be able to access Alchemy Pay through the application store on BounceBit Club in the future integration phases, which will improve connectivity between the two platforms.
Users can create, run, and communicate with decentralized apps (dApps) using the on-chain Web3 platform BounceClub.
By selecting from a variety of plugins available on the BounceBit App Store—which features a wide range of plugins created by ecosystem partners and builders—owners of BounceClubs can personalize their clubs and integrate Web3 applications without needing to know how to code. Alchemy Pay is one of the easy-to-use apps that provides club members with smooth ramp options.
BounceBit uses a dual-token scheme and operates as a Layer 1 network. Validators can stake both Bitcoin and BB tokens thanks to this method, which combines the security features of Bitcoin with full compatibility with the Ethereum Virtual Machine (EVM).
Binance Labs, the venture capital division of cryptocurrency exchange Binance, supports the platform, which just debuted its mainnet.
Alchemy Pay Expands the Uses of Cryptocurrency by Integrating ACH Tokens with Binance Pay
Established in 2017, Alchemy Pay offers a variety of services such as local mobile wallets that accept 50 fiat currencies, cryptocurrency cards, non-fungible token (NFT) checkout, and on-and-off-ramp solutions. It offers access to over 300 fiat payment channels and service users in 173 countries.
Recently, Binance Pay, Binance’s cryptocurrency payment system, integrated Alchemy Pay’s native token, ACH, as a payment option. Thanks to this connectivity, customers may use ACH to make payments to Binance Pay-affiliated offline and online retailers.