Alchemy Pay Introduces Fiat On-Ramp to Tomo

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

The Alchemy Pay team announced via a blog post on Monday that Tomo, an all-in-one Web3 social wallet, has integrated Alchemy Pay's On-Ramp solution within its wallet app for its users.

The Alchemy Pay team announced via a blog post on Monday that Tomo, an all-in-one Web3 social wallet, has integrated Alchemy Pay's On-Ramp solution within its wallet app for its users.

This latest development means that Tomo users will enjoy enhanced flexibility by allowing them to deposit crypto funds using their preferred fiat payment methods.

This integration supports ETH on both the Base Network and Linea blockchain that can be deposited onto Tomo’s Multichain Social Wallet available on Tomo Application and as a Tomo Extension Wallet. With this integration, Tomo can attract and onboard users from 173 countries, supporting over 50 fiat currencies by leveraging Alchemy Pay's impressive network of 300+ fiat payment channels.

Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments in fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down by 4% in the last 24 hours and currently trades at $0.02316.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.