KEY TAKEAWAYS
- Alchemy Pay integrates with Story to enhance fiat-crypto onramp capabilities, making the Story ecosystem more accessible.
- The integration supports a wide range of payment methods, including Visa, Mastercard, and local mobile wallets, across 173 countries.
- Story’s blockchain infrastructure combines EVM and Cosmos SDK, introducing a novel Proof-of-Creativity Protocol for efficient IP management.
- Alchemy Pay’s global network and regulatory compliance make it a preferred solution for web3 ecosystems.
Alchemy Pay, a leading fiat-crypto payment gateway, has announced a strategic integration with Story, an intellectual property blockchain. This collaboration aims to make the Story ecosystem more accessible by enabling users to onramp with local fiat currencies and mainstream payment methods through Alchemy Pay’s onramp solution. The announcement was made here.
The integration of Alchemy Pay’s fiat-crypto onramp significantly lowers the entry barrier to the Story ecosystem. This includes support for Visa, Mastercard, Apple Pay, Google Pay, local mobile wallets, and bank transfers across 173 countries. By facilitating easier access, Story aims to transform how intellectual property is protected, licensed, and monetized onchain.
Story’s Innovative Blockchain Infrastructure
Story is a purpose-built Layer 1 blockchain that combines the Ethereum Virtual Machine (EVM) and Cosmos SDK. It introduces a graph-based execution layer and a novel Proof-of-Creativity Protocol. This infrastructure supports fast and cost-efficient traversal of complex IP networks, enabling seamless licensing, automated royalty payments, and native support for creators and developers in the IP economy.
Story’s goal is to allow users to “Register once, monetize everywhere,” which is set to revolutionize the management of intellectual property in the digital age.
Alchemy Pay’s Expanding Global Reach
Alchemy Pay’s network includes over 300 global payment channels, and the company is committed to regulatory compliance. It holds licenses and regulatory registrations in several regions, including the U.S., Canada, the UK, South Korea, Australia, Indonesia, and Europe. This makes Alchemy Pay a preferred fiat onramp solution for web3 ecosystems, offering compliant and scalable fiat-to-crypto access.
The integration with Story is part of Alchemy Pay’s broader strategy to enhance its services and expand its reach in the global market.
Why This Matters: Impact, Industry Trends & Expert Insights
Alchemy Pay’s integration with Story aims to enhance fiat-crypto accessibility, making it easier for users to engage with the Story ecosystem using local fiat currencies and mainstream payment methods.
A recent industry report highlights significant advancements in fiat-crypto payment gateways, including increased adoption and evolving features designed to simplify digital transactions. This aligns with Alchemy Pay’s strategic move to expand its global reach and enhance service offerings through integration with Story.
As per insights from a VentureBurn report, technological advancements such as AI integration and innovations in DeFi are enhancing efficiency, scalability, and security in the crypto space. This supports the significance of Alchemy Pay’s integration with Story, as it aims to bolster accessibility and adoption by making transactions more secure and user-friendly.
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