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CDS Collaboration Alchemy Pay Integrates Web3 Name Service by SPACE ID, Enhancing Fiat-to-Crypto Transactions with Personalized Domain Addresses

Collaboration

Alchemy Pay Integrates Web3 Name Service by SPACE ID, Enhancing Fiat-to-Crypto Transactions with Personalized Domain Addresses

Alchemy Pay, in collaboration with SPACE ID, has integrated the innovative Web3 name service into its platform, offering users the ability to utilize personalized domain names when purchasing cryptocurrencies using local fiat currency on Alchemy Pay's on-ramp service

Ecem ALKAN24/07/20232 Mins read604

Alchemy Pay Integrates Web3 Name Service by SPACE ID, Enhancing Fiat-to-Crypto Transactions with Personalized Domain Addresses

Alchemy Pay, in collaboration with SPACE ID, has integrated the innovative Web3 name service into its platform, offering users the ability to utilize personalized domain names when purchasing cryptocurrencies using local fiat currency on Alchemy Pay’s on-ramp service. This integration allows digital currencies to be securely transferred to wallet addresses linked to SPACE ID domains, with addresses ending in .bnb and .arb.

This partnership brings added convenience to Alchemy Pay’s Ramp Solution, as users can now bypass the complexities and challenges associated with remembering lengthy wallet addresses. SPACE ID takes charge of mapping these intricate addresses to customized domain names across multiple networks. For instance, instead of dealing with a cumbersome address, users can simply use “AlchemyPay.bnb” as their crypto address to effortlessly receive funds on the BEP20 network.

In addition to the enhanced user experience, Alchemy Pay has also qualified as a partner in SPACE ID’s grant program, demonstrating its commitment to nurturing and empowering the blockchain community. With this support, Alchemy Pay is poised to further its mission of bridging the divide between the global fiat and crypto economies.

The Alchemy Pay Ramp Solution seamlessly integrates with dApps and platforms across various blockchain networks, boasting a user-friendly implementation process with minimal costs and complications. With a remarkable global reach spanning 173 countries, Alchemy Pay facilitates fiat-to-crypto transactions through a diverse range of payment methods, including Visa, Mastercard, regional mobile wallets, and domestic transfers. The platform supports localized systems like SEPA for Europe, PayID and POLi for Australia, Pix for Brazil, Maya, Coins.ph, and GrabPay for the Philippines, Dana and OVO for Indonesia, SPEI for Mexico, and many others, catering to users in different regions effectively.

To ensure compliance and security for users in different countries, Alchemy Pay actively pursues and obtains licenses related to payment and money services. The platform has earned credentials from major payment giants Visa and Mastercard, earning its place as an official third-party payment service provider.

About SPACE ID

SPACE ID is at the forefront of building a universal name service network, providing a comprehensive identity platform for discovering, registering, trading, and managing Web3 domains. The platform includes a powerful Web3 Name SDK & API, empowering developers across blockchains to leverage its services. Offering a multi-chain name service, SPACE ID enables seamless web3 identity creation and management for everyone.