Alchemy Pay Partners with Yala to Launch Bitcoin-Native Payment Card

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Coinsholder 3 months ago 243

KEY TAKEAWAYS

  • Alchemy Pay partners with Yala to enhance Bitcoin utility through a new payment card and stable yield access.
  • The Yala Yeti Card allows users to spend $YU yield globally, integrating with Alchemy Pay’s infrastructure for seamless transactions.
  • Alchemy Pay’s fiat on and off-ramp integration supports $YU, facilitating easy access to the Yala ecosystem with various payment methods.
  • This partnership positions $YU as a bridge between Bitcoin-backed DeFi and real-world financial utility, enhancing accessibility and composability.

Alchemy Pay, a leading fiat-crypto payment gateway, has announced a partnership with Yala, a Bitcoin-native liquidity protocol. This collaboration aims to enhance Bitcoin utility through payments and stable yield access, as detailed here.

The partnership supports Yala in launching its Yala Yeti Card, which allows users to spend their $YU yield across millions of merchants worldwide. This includes both online and offline transactions, while maintaining access to their BTC ($110,771.00)-backed liquidity and earnings.

With Alchemy Pay’s global payment infrastructure, $YU, a BTC-backed liquidity asset minted through Yala’s protocol, can now serve as both a yield-generating tool and a real-world payment asset. The Yeti Card enables users to utilize $YU directly at various locations, such as coffee shops, retail stores, and e-commerce platforms, effectively transforming on-chain yield into everyday financial utility.

Expanding Fiat Access for $YU

In addition to card support, Alchemy Pay has integrated its fiat on and off-ramp to support $YU. This integration allows users to buy and sell the token using fiat currencies and local payment methods, including Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallets, and bank transfers. This development significantly lowers the barrier for new users to access the Yala ecosystem and streamlines interaction with decentralized finance (DeFi) through a user-friendly, regulated entry point.

Operating in 173 countries and supporting over 300 fiat payment channels, Alchemy Pay’s infrastructure transforms the $YU token from a yield-bearing stablecoin into a spendable, liquid asset connected to global commerce. The company emphasizes regulatory compliance, holding key licenses in regions such as the United States, Canada, UK, Australia, Europe, Korea, and Indonesia, ensuring trusted and secure service delivery to partners and users worldwide.

Enhancing Bitcoin-Based Financial Accessibility

By combining Yala’s decentralized Bitcoin liquidity engine with Alchemy Pay’s expansive payments infrastructure, this partnership elevates the function of $YU. It becomes a practical bridge between Bitcoin-backed DeFi, real-world spending, and financial accessibility. This positions $YU as a potential Bitcoin-native settlement layer.

Alchemy Pay and Yala are working together to unlock new levels of composability between capital efficiency, real-world utility, and financial sovereignty, marking a new era in Bitcoin-based finance.

Why This Matters: Impact, Industry Trends & Expert Insights

The partnership between Alchemy Pay and Yala to launch a Bitcoin-native payment card represents a significant step in integrating cryptocurrency with everyday financial transactions, enhancing Bitcoin utility and accessibility.

Recent industry reports indicate that the bitcoin-native payment cards industry is poised to grow amid innovations in virtual cards, blockchain payments, and digital identity. This aligns with the news event, as the Yala Yeti Card integrates these advancements to offer seamless crypto transactions.

As per insights from industry research, Bitcoin-backed liquidity protocols are enhancing financial accessibility by enabling decentralized access to credit and liquidity. This supports the partnership’s impact by providing users with new financial opportunities and broadening access to decentralized finance.


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Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.

The post Alchemy Pay Partners with Yala to Launch Bitcoin-Native Payment Card appeared first on CoinsHolder.



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