Users of the fast-growing NFT marketplace, iNFTSpace, can now enjoy more direct purchases of digital artworks via Alchemy Pay’s fiat-to-crypto gateway plugin. This on/off ramp is now being integrated across all areas of blockchain. For up and coming projects, such as iNFTspace, this is the first time they have been able to offer their users access with fiat currency in such a direct manner.
The ramp enables iNFTspace users to pay with their Visa and Mastercards but they can also choose to use local mobile wallets and domestic transfers to purchase NFTs. This is thanks to Alchemy Pay’s network which boasts an impressive 300+ fiat payment channels. Mobile wallets have become a highly popular way for people in emerging markets like Southeast Asia and Latin America to transact. Alchemy Pay’s ramp gives access to these hidden markets. Alchemy Pay’s network growth is incentivised by its token, ACH, which is used by partners to pay transaction fees.
Using a DAO (Decentralized Autonomous Organisation) structure, iNFTspace has built an innovative platform that incorporates NFTs and SocialFi where users can join communities, users, and experts all over the world. The platform’s token, INS, is used for rewards and fee reductions. Through these, and other DAO incentives, iNFTspace has driven the participation of NFT creators and enthusiasts to accelerate the ecosystem construction of iNFTspace.
Alchemy Pay CEO, John Tan said, “More direct payments with traditional fiat currency will make a big impact on the marketplace’s accessibility. Users, creators, and iNFT will all benefit from the addition of our ramp plugin on iNFT’s platform. Crypto’s the most exciting industry in the world right now but accessibility is still often lacking. We are proud to be providing part of the solution.”
This year, Alchemy Pay has proven to be a highly versatile and dependable payment provider for the NFT sector. It has developed bespoke crypto and fiat payment solutions at art events like Venice Biennale and Hong Kong’s Artaverse as well as the recent WeAreSG drop for Singapore National Day Integration. Integration with iNFTspace continues to position Alchemy Pay as an industry leader.
About iNFTspace
A global multi-chain NFT platform. Users can mint, display, trade, and auction on the platform, helping creators achieve greater marketization, better copyright on-chain and safe and transparent value circulation. INS is iNFTspace governance token based on the Polygon network, which are used for DAO governance incentives, artist incentives, NFT transaction incentives and SocialFi incentives to promote a faster and more benign development of the platform. INS can be traded on the MEXC platform, and DEX trading will be opened soon.
About Alchemy Pay
Founded in Singapore in 2018, Alchemy Pay is a payment solutions provider that seamlessly connects cryptocurrency and traditional fiat currency for consumers, merchants, and developers. It provides merchants with convenient crypto acceptance and makes crypto and Web3 services highly accessible. Alchemy Pay’s on and off ramp plugin is integrated with crypto platforms and dApps – DeFi, Metaverse, NFT, SocialFi, etc – to provide an easy easy gateway payment from fiat to crypto and vice versa. Its crypto acceptance system has touchpoints with 2+ million online and in-store merchants in over 70 countries. Alchemy Pay’s network includes 300+ fiat payment channels, including popular e-wallets in emerging markets. ACH is Alchemy Pay’s utility token on Ethereum and Binance Smart Chain.
