Alchemy Pay Adds Polkadot's DOT to its Ramp

Twitter icon  •  Published 4 months ago on August 21, 2024  •  Hassan Maishera

The Alchemy Pay team announced via a blog post on Tuesday that it has partnered with Polkadot, the blockspace ecosystem known for shared security and secure interoperability across blockchains.

Alchemy Pay Adds Polkadot's DOT to its Ramp

The Alchemy Pay team announced via a blog post on Tuesday that it has partnered with Polkadot, the blockspace ecosystem known for shared security and secure interoperability across blockchains. 

DOT, the native token of the Polkadot network, is now accessible for buying and selling on Alchemy Pay's On and Off-Ramp. Thanks to this partnership, users can effortlessly convert DOT to and from over 50 fiat currencies across 173 countries using their preferred local payment methods.

Alchemy Pay’s On-Ramp also supports USDT and USDC on Polkadot, granting users diverse and fully compliant purchase options.

Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down 1% in the last 24 hours and currently trades at $0.01965. 

Polkadot facilitates cross-chain communication and interoperability by connecting multiple blockchains into one unified network. DOT, Polkadot's native token, is up 1% so far today and is trading at $4.584 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.