KEY TAKEAWAYS
- Scallop integrates Alchemy Pay’s On & Off-Ramp into its DApp, enhancing user access to cryptocurrency transactions.
- Alchemy Pay supports 173 countries, offering diverse payment methods and compliance with global regulations.
- Scallop, a pioneer in the Sui ecosystem, enhances its DeFi services with this strategic partnership.
Scallop, a next-generation money market based on the Sui blockchain, has announced the integration of Alchemy Pay’s On & Off-Ramp into its decentralized application (DApp). This integration enables users to buy and sell cryptocurrencies with ease, supporting a wide range of payment methods including credit cards, local mobile wallets, and bank transfers.
With support for 173 countries, Scallop users can now access Alchemy Pay’s services, enhancing their ability to engage with the platform. The integration also includes the listing of Scallop’s native token, $SCA, on Alchemy Pay’s ramp page, simplifying the process for users to acquire $SCA and participate in the Scallop protocol.
Alchemy Pay’s Global Reach and Compliance
Alchemy Pay’s On-Ramp offers extensive compatibility across various cryptocurrencies, facilitating seamless fiat-based purchases. With a presence in 173 countries, Alchemy Pay ensures widespread accessibility for acquiring cryptocurrencies through diverse payment methods. The company has obtained numerous compliance licenses across various countries, including the United States, Canada, Indonesia, and Lithuania.
Recently, Alchemy Pay acquired four new Money Transmitter Licenses in the United States, further solidifying its position as a trusted player in the global market. Recognized by payment giants Visa and Mastercard, Alchemy Pay is officially listed as an authorized payment service provider.
Scallop’s Role in the Sui Ecosystem
Scallop stands out as a pioneer in the Sui ecosystem, being the first decentralized finance (DeFi) protocol to receive an official grant from the Sui Foundation. As an all-in-one DeFi platform, Scallop offers a range of services including lending and borrowing, lending derivatives, flash loans, and more. The integration with Alchemy Pay is expected to enhance the user experience by providing seamless access to crypto transactions.
The integration was announced here, highlighting the strategic partnership between Scallop and Alchemy Pay to improve accessibility and convenience for users worldwide.
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