Alchemy Pay’s fiat on-ramp solution has been integrated with the Sei Network’s $SEI token. Now that Sei Network has access to the simple onboarding procedure, the team will probably be better able to make the SEI purchase phase go smoothly. The cryptocurrency will be available for users to buy using their preferred fiat payment method.
The development increases Alchemy Pay’s credibility because the platform has once again succeeded in bridging the divide between traditional finance and cryptocurrency. It goes without saying that it has done so in the past to support the Web3 and crypto services of its partners. As part of its proactive strategy to expansion, Alchemy Pay’s goal is always to acquire a licence and adhere to strict regulatory compliance.
Its support from Mastercard and Visa solidifies its standing as a provider of third-party payment services. Its operations span 173 nations, and it accepts payments via Google Pay, Mastercard, Visa, and more regional wallet providers. This is only possible due to great compatibility.
One of the best partners Alchemy Pay could find is Sei Network. Sei is the quickest blockchain when it comes to the idea of a layer-1 solution for trading reasons, which explains why. It has thus far assisted numerous industries in deploying their initiatives for improved user experience. DeFi, gaming, and NFTs among others have made use of the features. Members of its staff have previously worked at reputable organisations including Nvidia, Google, Robinhood, and Goldman Sachs.
In addition, Sei has raised $30 million from investors including Flow Traders, Coinbase, Jump, Multicoin, and Hudson River Trading, to name a few.
Sei Network co-founder Jeff Feng has stated that working with Alchemy Pay will be extremely advantageous for both parties. All ecosystem participants—developers, users, and businesses—have been discussed in relation to the ecosystem’s connections with fiat currency. They also have the possibility to make decentralised apps more scalable.
The SEI token had a slippage of 2.84% over the previous 24 hours and was last seen trading at $0.1171. Because of the current development involving Alchemy Pay and Sei Network, there is a probability that the token will eventually gain traction. The trading volume is approximately $32.56 million. As of early last evening, the volume is a bit larger than the market price. The token had a volume of $21.98 million and was trading at $0.1222.
Alchemy Pay, commonly known as ACH, is a provider of payment solutions that has assisted numerous cryptocurrency businesses in enabling their clients to switch from fiat to cryptocurrency. Institutions, builders, and businesspeople can also benefit. The main objective is to assist partners with the onboarding and on-ramp processes.
A partnership between Alchemy Pay and Sei Network has enabled the integration of $SEI. Users should gain in the upcoming days.