Alchemy Pay Joins Forces with Polkadot for Global DOT Transactions

• Alchemy Pay partners with Polkadot to offer seamless DOT transactions across 173 countries and over 50 fiat currencies.
• Alchemy Pay expands its global reach, supporting Visa, Mastercard, Apple Pay, Google Pay, and local payment methods.

Alchemy Pay has joined forces with Polkadot. Through this agreement, the Polkadot network’s native token, DOT, is now available for buy and sell on Alchemy Pay’s On and Off-Ramp.

This update enables users to easily convert DOT to and from over 50 fiat currencies in 173 countries, using their preferred local payment methods. This step greatly simplifies the process of engaging with the Polkadot ecosystem, providing an easy way to join the network.

Super excited to announce our partnership with @Polkadot!

DOT, the native token of the #Polkadot network, is now available for smooth buying and selling on #AlchemyPay's On and Off-ramp. Plus, we're supporting USDC and USDT on Polkadot through our on-ramp service.… pic.twitter.com/7ooUEEUks0

— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) August 20, 2024

Alchemy Pay’s On-Ramp Expands Access to DOT, USDT, and USDC on Polkadot 

Furthermore, Alchemy Pay’s On-Ramp supports DOT, USDT, and USDC on the Polkadot network, giving users a variety of completely compliant buying alternatives.

This diversity of supported assets provides a simple entry point into the Polkadot ecosystem for both new and seasoned investors, making it easier to interact with digital assets on this platform. The fact that Alchemy Pay already operates in 173 countries and has over 300 payment channels demonstrates the service’s broad scope.

It accepts major payment methods such as Visa and Mastercard, as well as widely recognized options like Apple Pay and Google Pay. Furthermore, Alchemy Pay enables local mobile e-wallets and domestic bank transfers, giving consumers plenty of options while using the platform.

In order to extend its service offerings and improve operational efficiency, Alchemy Pay is actively seeking licenses in numerous countries and areas.

This includes several states in the United States, the United Kingdom, Canada, Indonesia, and Lithuania, with additional licenses expected in Hong Kong, Singapore, and other major areas.

This strategic growth underlines Alchemy Pay’s dedication to offering secure, compliant, and easily accessible financial services to a wide range of markets.

On the other hand, Polkadot has made significant progress in its ecosystem. According to prior CNF reports, Polkadot recently welcomed the launch of Kylix Finance, a DeFi lending company.

Kylix Finance provides on-chain collateral liquidation, DAO governance, and cross-chain capabilities, which are significant advancements for the Polkadot ecosystem.

However, it is still in the early phases, with full deployment scheduled for the first half of 2025. Polkadot’s founder, Gavin Wood, also announced the JAM Protocol at the Polkadot Decoded 2024 event in July, highlighting the company’s commitment to continual innovation.

As of the time of writing, Polkadot’s native token, DOT, is trading around $4.60, slightly up 0.29% over the last 24 hours, with a daily trading volume of $90.07 million.