Popular full-stack crypto wallet Shido has partnered with leading crypto payment service provider, Alchemy Pay. According to its Monday announcement, Shido wallet wants to bank on the collaboration to deploy Alchemy’s on and off ramp solution on its network. By so doing, users of the wallet provider will now be able to seamlessly purchase crypto products with fiat.
It is worth mentioning that the Alchemy pay on and off ramp solution was primarily designed to allow users purchase crypto and make payments using their desired fiat payment method. Also, it allow users fund their wallet and sell crypto products in local fiat currency. According to Shido, it’s partnership with Alchemy Pay will foster accessibility of its wallet and ecosystem to both new and professional users.
In recent times, the solution has recorded massive adoption by various payment brands across the globe. As of the time of writing, it supports payment with Visa and Mastercard across over 173 countries. The Alchemy Pay solution also support payment through multiple domestic transfers and popular mobile wallets in the evolving market. According to our findings, it simplifies buying and selling of crypto products with local currency owing to its good conversion rates and low interest fees.
Shido wallet to harness its partnership with Alchemy Pay to onboard million of users
With its partnership with Alchemy Pay, Shido wallet aims to onboard millions of users to its ecosystem. According to findings, the wallet provider banks on its experience in both traditional finance and fintech payment to foster users’ experience. Recall that Shido wallet is enveloped with numerous features to meet the evolving demands of users. Some of these features include an inbuilt DEX, cross-chain swap, crypto card, NFT gallery, and custom Web3 browser. Notably, its cross-chain DEX aggregates liquidity from over 200 sources across numerous network. This thus makes it easy for users to trade across chains without exiting the wallet.
This is not the first time that Alchemy Pay will be partnering with firms to aid widespread adoption of cryptocurrencies. Recently, it collaborated with the Indian government to enable users in the Asian country shop using cryptocurrencies. This is made possible through the Unified Payment Interface UPI, a domestic transfer system in India. The UPI allows users to buy and sell crypto through the Indian Rupee.
Beyond this, Alchemy Pay has also partnere major networks and services such as Polygon, Avalanche, Algorand, Binance, Arbiturm and Neo, among others.