The Alchemy Pay team announced via a blog post on Tuesday that they have partnered with Klaytn, South Korea's leading Layer-1 ecosystem. The partnership will see Alchemy Pay integrate Klaytn’s native token $KLAY on Alchemy Pay's fiat On-Ramp.
This token integration provides users with a straightforward and compliant way to effortlessly acquire KLAY using their familiar fiat payment methods and preferred fiat currencies, making it more accessible to a wider audience, the Alchemy Pay team added. The collaboration between Klaytn and Alchemy Pay will facilitate wider accessibility to KLAY and help onboard more people around the world.
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 up by less than 1% in the last 24 hours and currently trades at $0.01951.
Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao, with 50 million users worldwide. KLAY is down by 1% in the last 24 hours and now trades at $0.1602 per token.