Alchemy Pay’s fiat-crypto on/off ramps have been integrated into BeFi Wallet DAO’s wallet to allow users to deposit funds directly with fiat payments and also enable the exchange of crypto to fiat with remittance to users’ bank accounts. The ramps will give BeFi’s wallet and ecosystem a new level of mainstream-friendly accessibility to both newcomers and experienced users.
Watch the simple payment process in action.
BeFi Wallet DAO provides a secure multi-chain wallet for participation in any Web3 Dapps, such as DeFi protocols and NFTs. BeFi’s wallet supports decentralised Web 2.0 login interface (such as email and twitter), fiat currency trading and cross-chain swap. BeFi wallet has reached about 700K users, and it has extension, IOS,Android and SDK versions.
BeFi’s partnership with Alchemy Pay, one of the industry’s leading fiat-crypto payment solution providers, will allow the wallet to attract and easily onboard new users from around the globe.
The ramps are easily integrated on platforms such as DeFi protocols, NFT marketplaces, and metaverse virtual worlds, and enable direct purchase of crypto via credit and debit cards, mobile wallets, and bank transfers. Through its remittance partners, Alchemy Pay’s ramps also facilitate convenient offboarding from crypto to fiat with remittance capabilities to bank accounts in nearly 100 fiat currencies.
John Tan, CEO of Alchemy Pay, said, “The gap that has existed between fiat and crypto has long been a major obstacle to Web3 and crypto adoption. Direct fiat on and off boarding with these ramps will make a crucial difference to BeFi’s wallet accessibility.”
With its impressive network of global acquirers and remittance firms, Alchemy Pay now boasts over 300 fiat payment channels worldwide. Founded in Singapore in 2018, its strength in Southeast Asia is evidenced by its integration of countless popular local mobile wallets in the region where alternative payment methods and cryptocurrency are both experiencing the highest adoption rates of anywhere in the world.
Alchemy Pay’s founding team’s experience in the traditional finance and fintech payments space has long enabled it to gain acquirers where its competitors have struggled. Over the past 12 months though, it has also formed strong partnerships and payment integrations with leading blockchain networks such as Polygon, Avalanche, Algorand, and VeChain.
