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    Alchemy Pay Drives Crypto Adoption by Bridging Fiat and Crypto Economies

     Digital assets have seen great success as investment tools in recent years, but payment adoption is unfortunately still lagging behind. Alchemy Pay is well on its mission to change this by enabling millions of merchants to accept crypto payments and get paid in their local currency. At the same time, Alchemy Pay also opens up investments in the DeFi space to fiat investors.

    Pay With Crypto at the Bar or Online With Alchemy Pay

    Alchemy Pay is a hybrid fiat and digital currency gateway solution for businesses and investors. It already operates in 18 countries and regions around the world and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Shopify, Arcadier, QFPay, Binance and more.

    By enabling businesses to accept crypto clients and get paid in local fiat currency Alchemy Pay solves a major problem for the crypto economy. Crypto payments adoption is vital for the long term and sustainable growth for the industry, but traditional businesses have faced difficulties accepting cryptocurrencies. This can be due to a lack of technical skills, regulatory concerns or just not wanting to deal with price volatility. Alchemy Pay simply removes all of these issues. It also helps make it easier for businesses to accept crypto as they only need to use the same one system for fiat payments (only one payment terminal for offline transactions, and only one API/Plugin to integrate for online payments).

    From a crypto user’s perspective, this means that thanks to Alchemy Pay you could be spending your crypto to pay for a taxi, in an online store or at the local mall and even a high class bar.


    Alchemy Pay Opens up DeFi Space to Fiat Investors

    Another way Alchemy Pay is bridging the gap between the old and new economies is opening up the DeFi (decentralized finance) space to fiat investors. Alchemy achieves this by letting investors directly use fiat to gain access to blockchain services.

    Instead of paying with digital utility tokens, Alchemy Pay – in the background – seamlessly facilitates the exchange of fiat into utility tokens to access DeFi services. And by partnering with a traditional financial institution, Alchemy Pay enables DeFi platforms to offer their investors access to significantly higher returns available only in the crypto lending/staking space right now.

    The DeFi world has been growing like crazy recently, but it is still limited to the relatively small number of investors in the cryptosphere, compared with those in the larger global fiat economy. This solution from Alchemy Pay can thus significantly accelerates it even further.

    Demonstrating the popularity of the service, ACH – the token that powers Alchemy Pay, was just added to Coinbase Pro earlier this month.

    To learn more about Alchemy Pay and how it can benefit your business visit the company’s website and follow the latest developments on Twitter.

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    Image Credits: Shutterstock, Pixabay, Wiki Commons

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    Youtube Superstar KSI 'JJ' Says 'I'm Really Into Crypto, Bitcoin Is the Future'

    Youtube superstar and rapper KSI, also known as JJ, says he is “really into crypto.” Emphasizing that “Bitcoin is the future,” he said a lot of people do not understand that crypto “is a long-haul thing.”

    KSI Is ‘Really Into Crypto’

    Famed rapper and popular Youtuber KSI talked about bitcoin and cryptocurrency in an interview with GQ magazine published Friday.

    KSI, whose real name is Olajide Olayinka Williams Olatunji, is also known as JJ. He was ranked second by The Sunday Times in its list of the top 100 U.K. influencers in 2019. He is also part of the British Youtube group known as the Sidemen.

    Responding to a question about the first thing he would do if he were prime minister, KSI said:

    I’d give everyone £100 worth of bitcoin – like a bitcoin stimulus package for all. I’m really into crypto. I think Bitcoin is the future.

    “It’s definitely going to be long term, but in ten years’ time, people who invested will be laughing,” he added.

    KSI proceeded to compare bitcoin to fiat money. “Just look at how money is inflationary compared to bitcoin, which isn’t. There’s a set amount – you can’t increase the amount of bitcoin and that has value,” he emphasized, elaborating:

    I feel like a lot of people are not really seeing that. They’re trying to look for quick money like, ‘Oh, I want to get in and out.’ This is a long-haul thing and I’m here for the journey.

    Last month, he shared the story of how he made millions of pounds investing in cryptocurrencies, including bitcoin, and “lost it all” when the crypto market “crashed.” Nonetheless, he still believes that “eventually you’re going to get a $100,000 bitcoin, a $500,000 bitcoin, and a $1 million bitcoin. It’s going to happen.”

    source link : https://news.bitcoin.com/youtube-superstar-ksi-really-into-crypto-bitcoin-is-the-future/


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    Item Reviewed: Alchemy Pay Drives Crypto Adoption by Bridging Fiat and Crypto Economies Rating: 5 Reviewed By: estabina
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