Alchemy Pay and Pendulum Partner to Enable Seamless Fiat-Crypto Transactions on Polkadot’s Pendulum Network

Alchemy Pay and Pendulum Partner to Enable Seamless Fiat-Crypto Transactions on Polkadot’s Pendulum Network

Alchemy Pay, a prominent global cryptocurrency payment gateway, has joined forces with Pendulum, an open-source blockchain platform operating on the Polkadot network. The primary objective of this partnership is to introduce a frictionless fiat onramp for Pendulum’s native PEN token, enabling users to effortlessly engage in fiat-crypto transactions while ensuring compliance and user-friendliness.

With a widespread global presence spanning across 173 countries, Alchemy Pay offers extensive accessibility for purchasing cryptocurrencies through a diverse array of payment methods. These methods encompass traditional payment channels like Visa and Mastercard, as well as regional mobile wallets and domestic transfers. Boasting over 300 local payment channels, Alchemy Pay surpasses conventional credit card options by granting users access to local mobile wallets, guaranteeing a convenient checkout experience.

Pendulum aims to bridge the gap between the traditional fiat and decentralized finance (DeFi) ecosystems by harnessing the power of smart contract blockchain technology. Prioritizing user-friendliness, transparency, and security, Pendulum endeavors to revolutionize the financial industry and promote financial inclusion and equality. Through the collaboration between Pendulum and Alchemy Pay, wider accessibility to the PEN token will be facilitated, effectively onboarding a greater number of individuals from around the globe.

Alchemy Pay, an industry-leading provider of payment solutions, has emerged as a frontrunner in the crypto payment sector by merging blockchain technology with expertise in traditional financial technology. Leveraging their extensive experience in the cryptocurrency realm, Alchemy Pay has formed robust partnerships with major networks and services such as Polygon, Avalanche, Algorand, Neo, Arbitrum, Binance, OKX, and Bitget.

About Pendulum

Pendulum is dedicated to building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. This innovative platform enables traditional financial fiat services to seamlessly integrate with DeFi applications, including specialized forex automated market makers (AMMs), lending protocols, and yield farming opportunities. Pendulum was developed by SatoshiPay.