A pioneering blockchain technology company identified as Pundi X has announced the integration of popular crypto on-ramp and off-ramp pathway provider, Alchemy Pay. The firm made the disclosure on Thursday through a lengthy post on its official X account.
According to the announcement, Pundi X by the first quarter of 2025 intends to release a self-custodial payment platform. As revealed, the solution will leverage the on-ramp and off-ramp services of Alchemy Pay to streamline the process of converting fiat to virtual assets and vice versa.
More so, through its industry-leading infrastructure, Alchemy Pay aims to support merchants to access a secure and safe gateway that will support them to carry out seamless cryptocurrency-fiat transactions directly on the platform.
Thanks to this feature, the innovation presents itself as a good option for merchants and businesses aiming to expand their payment systems. Consequently, the solution will provide a pathway for establishments to explore the broader digital economy without requiring sophisticated technical infrastructure.
Pundi X made its market debut in 2017 with a focus on offering innovative web3 and AI technology to build a more accessible and inclusive world. Since its launch, the company has shown a strong commitment to changing how people interact with blockchain technology and expanding financial inclusion globally.
Likewise, the partnership between Pundi X and Alchemy Pay further underlines the efforts of the firm to achieve more financial inclusion. However, the integration with Pundi X surfaced shortly after Alchemy Pay collaborated with the Algorand network to ensure more access to cryptocurrency.
How Top Executives Reacted to the Collaboration Between Pundi X and Alchemy Pay
It is worth mentioning that the co-founder and CEO of Pundi X, Zac Cheah, reflected on the integration with Alchemy Pay. Cheah revealed that the integration with the on-ramp and off-ramp service provider aligns with the vision of the company in expanding financial inclusion.
Additionally, the CEO added that with Alchemy Pay handling the conversions, businesses can easily add cryptocurrency to their operations. By that, Cheah explained that companies will enjoy access to a “truly global payment solution.”
Similarly, the Ecosystem Lead of Alchemy Pay, Robert McCracken also provided more insight into the integration. The executive regarded the collaboration as a huge step toward mending the gap between fiat and crypto.
McCracken illuminated that the integration of Alchemy Pay’s on-ramp and off-ramp solution into the payment platform will provide merchants with the needed tools to explore the virtual assets market.
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