Press release. Avalanche has announced the integration of its Flexible Rapids cash payment system onto their network, thanks to a new integration with Alchemy Pay. Alchemy Pay, a payment solution that connects fiat economies and cryptocurrencies, will now offer support for the AVAX native token for Avalanche’s public blocks of payments. Avalanche also announced that it will join Alchemy Pay as a founding member of the Blockchain Infrastructure Alliance.
The avalanche is a class I block chain It aims to digitize global assets on what is currently the industry’s fastest smart contract platform. This year, it has seen an exponential growth in activity by attracting developers to create a thriving decentralized finance system. It provides compatibility with the Ethereum Virtual Machine, which means that developers can seamlessly migrate applications from Ethereum. Avalanche makes launching DeFi applications simple and makes it possible to deploy customized blockchains that fit the needs of the application.
Integration with Alchemy Pay helps Avalanche developers as it enables applications hosted in the Avalanche protocol for users on board via traditional payment platforms of traditional payment platforms such as Visa, Mastercard, PayPal and many local payment channels around the world. Despite the flexibility and speed of the Avalanche network, the main factor behind adoption is the ability to bring in new users who do not necessarily have experience with the blockchain.
John Tan, CEO of Alchemy Pay explained, “We like the idea that people have an easy experience when they come to blockchain and DApps. By providing standard legal channels, we can allow users to enter the ecosystem directly. We want to get to the point where users can enter the crypto economy because they are attracted by a specific application. And not necessarily because they have prior knowledge of the blockchain and crypto space.”
Alchemy Pay has also integrated the AVAX token into its global cryptocurrency portal so that it can be used more widely for business or customer payments for business. The payment network currently supports use in 65 countries and has more than 300 payment channels. It has a global reach of more than 2 million merchants through partnerships with mainstream payment and e-commerce platforms such as Shopify, Arcadier, and QFPay.
An AVAX token that is used for online or in-store payments on the Alchemy Pay network can be automatically converted into fiat currency for the convenience of trading partners. Alchemy Pay is focused on expanding the acceptance of crypto payments by offering low fees and fast settlement without requiring businesses to adopt new devices.
The ability to handle transactions between fiat and cryptocurrencies is attracting new users and this integration means that AVAX can now move seamlessly between the blockchain and non-blockchain economies. It will also encourage users to view AVAX as a way to interact with DApps.
Over the past months, Alchemy Pay has integrated a number of leading cryptocurrencies into the global cryptocurrency network, including $MATIC, $TRX, and $NEO. She also recently co-founded the Blockchain Infrastructure Alliance (BIA) along with NEO, NEAR, and Polygon. The alliance brings together industry leaders, innovators and investors to create synergies across all areas of blockchain technology and collectively advance the development of decentralized finance.
The rise of the avalanche in the past few months has been impressive, with the total closing value increasing from just under $1 billion in August to $12 billion+ today. His inclusion as a founding member of the Blockchain Infrastructure Alliance will bring Avalanche closer to other leaders in the space and strengthen BIA’s ability to create a more standardized blockchain industry.
on push chemistry
Alchemy Pay is an integrated digital currency and cryptocurrency gateway solutions provider, providing seamless crypto and cash acceptance to network of merchants, developers, and financial institutions. The company is leading the adoption of blockchain technology by making crypto investment, commercial transactions and DeFi services more accessible to consumers and organizations in the cash economy. Today, Alchemy Pay supports more than 65 countries through 200 payment channels and has touch points with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay and more.
About the avalanche
Avalanche is the fastest smart contract platform in the blockchain industry, as measured by time to end, and has the most validators to secure its activity for any Proof of Stake protocol. Avalanche is very fast, low cost and green. Any smart contract-enabled app can outpace its competitors by spreading it into an avalanche. Can’t believe it? Try Avalanche today.
This is a press release. Readers should exercise due diligence before taking any actions in connection with the Promoter, any of its affiliates, or the Services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in the press release.
photo credits: Shutterstock, Pixabay, Wiki Commons