Alchemy Pay has announced its integration with Scroll, a Layer-2 scaling solution for Ethereum. This partnership will leverage zero-knowledge technology and ensure compatibility with the Ethereum Virtual Machine (EVM), enabling users to access and acquire USDT and USDC on Scroll via Alchemy Pay.
The primary objective of this collaboration is to streamline global client integration and tackle challenges within decentralized finance (DeFi). Users will be able to purchase these digital assets using over 50 fiat currencies and a variety of payment options across 173 countries, thereby broadening access and usability.
USDT and USDC Support via Scroll
Scroll, developed by Ethereum engineers, is a scalable, secure, and open-source Layer-2 blockchain that upholds Ethereum’s core values of participation, decentralization, censorship resistance, auditability, and credible neutrality. The integration of USDT and USDC into the Scroll ecosystem through Alchemy Pay aims to popularize these assets among both users and developers, enhancing the Scroll ecosystem and attracting a global user base.
Scroll’s design features a zkEVM bridge, which is bytecode-level EVM-compatible, allowing developers to seamlessly transfer Ethereum projects to Scroll without altering the original code. This compatibility underscores Scroll’s commitment to providing scalable solutions while maintaining Ethereum’s security and decentralization.
Alchemy Pay’s Global Reach and Capabilities
Alchemy Pay, holding compliance licenses in various jurisdictions such as the United States, Canada, Indonesia, and Lithuania, operates in 173 countries and supports mainstream payment methods including Visa, Mastercard, Apple Pay, and Google Pay. With 300 payment channels, Alchemy Pay helps users avoid high transaction fees, offering a seamless fiat-to-crypto payment solution.
The integration with Scroll marks a significant milestone for Alchemy Pay. By facilitating access to USDT and USDC, Alchemy Pay aims to boost the adoption of these popular cryptocurrencies, fostering greater global usage and attracting more clients to both Alchemy Pay and Scroll.
In summary, this partnership between Alchemy Pay and Scroll signifies a substantial step forward in enhancing DeFi solutions and expanding the global reach of cryptocurrencies. The integration not only supports the widespread use of USDT and USDC but also reinforces the foundational principles of Ethereum within a scalable and secure framework.
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