Payment solution provider Alchemy Pay partnered with crypto infrastructure platform Zero Hash, to enhance its payment capabilities on Tuesday.
This, the company said, is done through the integration of automated clearing house (ACH) transactions via Zero Hash’s full-stack API on Alchemy Pay’s On-Ramp.
The finance company also said the collaboration is aimed towards expanding Alchemy Pay’s presence in the United States and enhancing services for US users who can use fiat for crypto purchases through ACH bank transfers.
Mark Daly, senior executive at Zero Hash said, “Zero Hash is delighted to have been selected by Alchemy Pay to power their crypto on-ramp in the US, leveraging ACH payments.”
With collaborations with entities like Stripe to own their customer experience and offload the technical and regulatory complexities to Zero Hash, Alchemy Pay said it will provide products ranging from crypto buying and selling, on-chain deposits and withdrawals, crypto rewards, and crypto payments.
“This partnership ultimately provides our US ramp users with the ability to use domestic ACH transactions for speed, efficiency, and security when purchasing digital assets,” said Robert McCracken, Ecosystem Lead at Alchemy Pay.
Two weeks ago, Alchemy Pay launched its fiat-crypto on-ramp payment services on Bitcoin.com web portal, which will contribute to the expansion of the crypto developer’s reach.
Singapore-based Alchemy Pay provides payment solutions to promote the global adoption of cryptocurrency, the payment gateway includes payments using Visa, Mastercard, Discover, and Diners Club across 173 countries, along with domestic transfers and mobile wallets in developing markets.
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