Leading on-ramp and off-ramp service provider, Alchemy Pay has collaborated with Linea. The firm made the disclosure on Thursday via an official blog post. In the announcement, Alchemy Pay described Linea as a user-friendly zk-Rollup powered by Consensys.Â
As revealed, the collaboration will be targeted at advancing blockchain accessibility. More so, as a result of the partnership, Alchemy Pay will integrate the Linea network into its ramp platform. Hence, the integration will help facilitate the seamless transfer of virtual assets on the Linea network. Furthermore, the firm added that some of these virtual assets are ETH, USDT, USDC, and FOXY through local fiat currencies.
Additionally, the integration with Alchemy Pay will serve as an expansion effort for Linea, as it will help enhance its coverage and also simplify transactions on its network. Consequently, the integration implies that on-ramp and off-ramp service provider is now part of the Linea ecosystem.
Joining the ecosystem will serve as a portal where users and developers can gain easy access to the payment services of Alchemy Pay. With that, users and developers can enjoy seamless conversion of cryptocurrency to fiat and vice versa. To achieve this focus, the initiative will leverage popular fiat payment gateways like Visa, Mastercard, Google Pay, Apple Pay, and other mobile wallets and bank transfers.
Recall that the partnership with Linea surfaced shortly after Alchemy Pay partnered with renowned cryptocurrency exchange, Bitget. According to a Binbits report, the collaboration is targeted at providing crypto payment solutions for the Indian Rupee (INR) leveraging the support of UPI and IMPS.
Side Note on Linea and Alchemy Pay
Linea is a well-known zkEVM ecosystem within the decentralized application sector. With the aid of its cryptographically secure zk infrastructure, the platform has managed to establish a security-oriented ecosystem culture. Further, the Linea network focuses on ensuring that the web3 landscape is safe and accessible for all users.
As a result of its safety-oriented approach, Linea has established a vibrant security system in web3, and other hosted ecosystem activations. Alchemy Pay’s on-ramp on the flip side has an extensive compatibility with numerous cryptocurrencies that supports seamless fiat-based purchases.
Likewise, Alchemy Pay has established its footprint across 173 countries ensuring global accessibility for acquiring cryptocurrencies through numerous payment methods. So far, the payment system has more than 300 local payment channels and they extend beyond traditional credit cards.
Meanwhile, the services of Alchemy Pay are in compliance with the regulations of numerous jurisdictions. The firm has secured payment-services licenses across countries like the UK, the U.S., Canada, Indonesia, and Lithuania.
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