Alchemy Pay, a leading provider of fiat-crypto payment solutions, has announced a partnership with WalletConnect to integrate fiat on-ramp support for WalletConnect’s native token, $WCT. This integration will allow users in 173 countries to purchase $WCT using local fiat currencies and preferred payment methods such as credit cards, bank transfers, and mobile wallets. The announcement was made here.

The launch of $WCT marks a significant milestone for WalletConnect as it evolves into a decentralized, permissionless, and community-governed connectivity protocol. By supporting $WCT through its global fiat on-ramp solution, Alchemy Pay aims to bridge the gap between traditional finance and Web3, enhancing participation in the WalletConnect ecosystem and promoting crypto adoption worldwide.

WalletConnect is a key player in the decentralized economy, known for its iconic blue logo and its role in facilitating seamless interactions between wallets, decentralized applications, and blockchains. With over 275 million connections and 45 million users globally, WalletConnect has established itself as a trusted infrastructure provider within the Web3 ecosystem.

Alchemy Pay is recognized for its pioneering role in fiat-crypto payments, offering compliant solutions that support over 50 fiat currencies and operate across more than 300 payment channels. In 2024, the company recorded significant growth with 3 million registered users and 8 million transactions. Alchemy Pay’s regulatory approvals in key markets, including the UK, Switzerland, the U.S., Canada, Australia, South Korea, Indonesia, and Lithuania, underscore its commitment to providing globally accessible and efficient crypto payment solutions.

By integrating $WCT into its on-ramp infrastructure, Alchemy Pay is furthering its mission to make digital assets more accessible. This initiative helps WalletConnect lower barriers to entry for users worldwide, contributing to a more inclusive and user-friendly crypto economy.

Why This Matters: Impact, Industry Trends & Expert Insights

Alchemy Pay’s partnership with WalletConnect to enable fiat on-ramp for the $WCT token marks a significant advancement in bridging traditional finance with the crypto world, facilitating easier access to digital assets for users globally.

Recent industry reports indicate the growing trend of fiat on-ramps in the crypto space, with Alchemy Pay expanding its fiat-crypto payment solutions. This aligns with Alchemy Pay’s efforts to integrate $WCT into its on-ramp infrastructure, enhancing accessibility to digital assets.

A World Economic Forum report highlights the potential of blockchain technology to transform financial systems by making transactions more efficient. This supports the significance of Alchemy Pay’s integration with WalletConnect, as it leverages blockchain to facilitate seamless fiat-to-crypto transactions.

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