NEAR Integrates Alchemy Pay’s Hybrid Gateway, Joins the Blockchain Infrastructure Alliance
NEAR, the leading blockchain network has announced a strategic partnership with Alchemy Pay, the hybrid crypto-fiat payment gateway solution. Through this partnership, Alchemy Pay will enable easier access to NEAR Protocol by providing fiat on-ramps across 65 countries via Visa, Mastercard, PayPal and other local payment methods, including mobile wallets and bank transfers.
In addition to the payment rails, Alchemy Pay will be integrating the NEAR token onto its crypto-fiat payment solution to support acceptance of the token across Alchemy Pay’s global merchant network. This network includes the e-commerce leader Shopify, the global marketplace Arcadier, and Hong Kong’s leading chain Pricerite.
NEAR also announced it has joined the Blockchain Infrastructure Alliance co-founded by Alchemy Pay. The Alliance connects key entities in all sectors of the cryptocurrency and blockchain industries. Members will incubate new projects that seek to solve industry challenges and promote cooperation between networks, dApps, crypto exchanges, DEXs, wallets, stablecoins, fiat payment rails, merchant networks, and more.
The Alliance will benefit from NEAR Protocol’s extensive network and expertise. Its Proof-of-Stake consensus provides users with a decentralised form of finance while maintaining carbon neutrality. NEAR also supports a number of ecologically-focused projects building platforms and applications on its blockchain ecosystem.
Together, Alchemy Pay and NEAR have identified a number of projects that require nurturing in order to fulfil their potential. In response to this need, the partnership is initiating funds for investment to expand the ecosystem’s technology and community. Developer tooling and documentation, validator and staking resources, open-source libraries, public goods projects, research & development, decentralized applications with open source components, educational materials for developers, and interoperability solutions can all benefit from this initiative.
“NEAR is leading the way in ecologically sound blockchain development,” said Alchemy Pay CEO, John Tan. “Their vision for sustainability will influence the work of the Alliance we are building together, making it all the more positive for the industry at large.”
“Ultimately, blockchain solutions must be well integrated with the fiat currency economy,” said NEAR’s CEO, Eric Trautman. “Alchemy Pay is crucial in helping us get there.”
The application scenarios of Alchemy Pay are rich with possibility, and the number of NEAR mainnet accounts exceeded 1.5 million in November this year. The cooperation between NEAR Protocol and Alchemy Pay is a promising development for the blockchain industry.
NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that enables people to re-imagine finance, creativity and community in new and inclusive ways.
NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
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Twitter: @NEAR_Blockchain & @NEARProtocol
About Alchemy Pay
Alchemy Pay is an integrated fiat and cryptocurrency gateway solutions provider, powering seamless crypto and fiat acceptance for merchant networks, developers and financial institutions. The company drives the adoption of blockchain technology by making crypto investments, commercial transactions, and DeFi services readily accessible to consumers and institutions in the fiat economy. Today, Alchemy Pay supports over 60 countries with 200 payment channels and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay and more.
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