Singaporean fintech firm Alchemy Pay has enhanced its fiat-to-crypto payment solution to include support for Hedera’s native token (HBAR) and USDC on the Hedera blockchain. This integration allows users to seamlessly purchase these cryptocurrencies using various payment methods, including credit cards, bank transfers, and local options.
Alchemy Pay’s recent expansion adds to its existing partnerships with industry giants like Visa, Mastercard, Nuvei, and Apple Pay. The firm has also integrated support for Movement token and Ledger Live, further solidifying its position in the evolving crypto payments space.
The latest move aligns with the HBAR Foundation’s efforts to drive real-world asset tokenization and AI advancements on the Hedera blockchain.
Hedera’s platform stands to benefit from this integration by facilitating wider adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs). This will also boost the network’s development, particularly as it continues to expand its reach within regulated security tokens and the broader RWA ecosystem. Notably, Alchemy Pay’s recent proposal for native scheduled transactions on Hedera unlocks new possibilities for developers building advanced decentralized applications with increased multi-party coordination.
Furthermore, recent developments include the addition of HBAR support in Wallet in Telegram, which will significantly boost user access to the token through a massive audience of 1 billion monthly active users.
This move demonstrates Alchemy Pay’s commitment to expanding fiat-to-crypto accessibility on Hedera, enabling more individuals and businesses to participate in the growing crypto economy.