On Tuesday, a mateverse strategy sailing game, MetaLine integrated Alchemy Pay On and Off ramp solution. The protocol announced the integration in a Twitter post on its official handle. According to the announcement, the integration of the solution will enable users of MetaLine to buy cryptocurrencies with their preferred fiat payment methods.
It is noteworthy that this integration will also foster MetaLine’s ecosystem. Notably, the Alchemy Pay On and Off ramp solution will allow for a unique level of mainstream-friendly access to both beginners and experienced users of MetaLine. A few months ago, the fiat-crypto payment solution provider also partnered Mastercard and Visa. This thus allow Alchemy Pay to support the duo in more than 170 countries. As part of the terms of the collaboration, Visa also listed Alchemy Pay as an official service provider of its Third Party Agent Program.
Through On and Off Ramp solution, Alchemy Pay wants to expand direct and easier access to cryptocurrencies. Meanwhile, crypto On-ramp and Off-ramp deals with the exchange of value between crypto and fiat. As for On-ramp service, it allows users to change their fiat for cryptocurrency. Off-ramp, on the other hand, enables users to change their cryptocurrency to fiat.
Alchemy Pay aiming to foster crypto access with its On and Off Ramp solution
Notably, the solution enables users to take absolute custody of their crypto assets. Just recently, the payment platform collaborated Google Pay to aid crypto payments. Occasioned by this collaboration, Alchemy Pay now supports Google Pay in numerous crypto assets. Some of these assets include USD, EUR, KRW, SGD, AUD, TWD, TRY, CAD, JPY, AED, NZD, and HKD.
Currently, Alchemy Pay support SEPA in Europe. It also support the likes of GCash, OVO and Dana in Asia and Latin America. In recent times, the protocol has continued to collaborate with numerous crypto companies too. As of press time, some of the crypto firms that have partnered Alchemy Pay include Polygon, Avalanche, Algorand, Binance, Arbitrum and more. Through these partnerships, it want to continue to expand the usage of On and Off ramp solution to connect everyone across the globe to the world of crypto.
As part of its efforts to cement global presence, Alchemy Pay has also been securing regulatory approvals in different countries. In February, it obtained a regulatory license in Indonesia. Worthy of note that the license enables the firm to offer remittances and fund transfers within the country. More so, the license allows the platform to provide Mastercard, Visa, Google Pay and Apple Oay payment services to Indonesians willing to buy crypto assets.