Hassan Maishera
On Wednesday, the Alchemy Pay team announced via a blog post that it had broadened its On & Off-Ramp offerings by integrating USDT, USDC, and ALGO on the Algorand blockchain. Algorand is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees.
The integration allows users to seamlessly convert these cryptocurrencies to and from fiat currencies using multiple fiat payment methods, including credit cards, local mobile wallets, and bank transfers, across 173 countries, enhancing accessibility for Algorand's growing community.
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 up by less than 1% in the last 24 hours and currently trades at $0.01679.
Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products.” As such, Algorand ensures "full participation, protection, and speed within a truly decentralized network." ALGO is trading at $0.1184 at press time, up by less than 1% in the last 24 hours.
