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CDS Collaboration Alchemy Pay’s On Ramp Solution Enhances Flexibility for Users on Cetus DEX

Collaboration Crypto News

Alchemy Pay’s On Ramp Solution Enhances Flexibility for Users on Cetus DEX

Cetus, a pioneering decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos networks, has recently introduced Alchemy Pay's on-ramp solution to its platform, enhancing flexibility for users when depositing funds

Ecem ALKAN03/07/20231 Mins read545

Alchemy Pay’s On Ramp Solution Enhances Flexibility for Users on Cetus DEX

Cetus, a pioneering decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos networks, has recently introduced Alchemy Pay’s on-ramp solution to its platform, enhancing flexibility for users when depositing funds. The integration of Alchemy Pay’s payment ramp brings support for fiat deposits through Visa and MasterCard, as well as compatibility with various popular fiat mobile wallets in emerging markets. Furthermore, Cetus’ native protocol token, CETUS, has been listed on Alchemy Pay‘s ramp, streamlining access for the general public.

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Alchemy Pay (ACH) has established itself as a specialist in providing solutions that enable cryptocurrency and Web3 services to incorporate fiat payments for wider accessibility. With a proven track record of robust payment capabilities, Alchemy Pay supports transactions with major payment networks such as Visa, Mastercard, Discover, and Diners Club across 173 nations. Additionally, it accepts popular digital wallets like Google Pay and Apple Pay, as well as multiple domestic transfer options.

The platform boasts high conversion rates, low fees, fast and simple KYC processes, and offers access to over 300 alternative local payment channels. This seamless integration enables users to buy and sell cryptocurrencies with domestic local currencies, offering a user experience akin to regular online transactions on popular e-commerce platforms like Amazon or eBay.

Cetus aims to construct a powerful and flexible underlying liquidity network that simplifies trading for all users and assets. Leveraging its concentrated liquidity algorithm, Cetus seeks to enhance liquidity efficiency within its ecosystem. By concentrating liquidity within an active price range, liquidity providers (LPs) can earn transaction fees more efficiently, while traders can enjoy low-slippage trading near the spot price during their swaps.

Through this partnership, Alchemy Pay’s payment network now offers a direct-to-consumer (D2C) solution on Cetus. This ramp solution facilitates seamless cryptocurrency purchases using local domestic currencies, providing a user experience comparable to transactions on popular e-commerce platforms like Amazon or eBay.

About Cetus

Cetus is a pioneering DEX and concentrated liquidity protocol that focuses on Move-based ecosystems like Sui and Aptos. It serves as a crucial component of the ecosystem’s infrastructure, catering to the comprehensive needs of traders, LPs, developers, and derivative products. Cetus is driven by the increasing adoption of decentralized finance (DeFi) and aims to provide a simplified trading experience for participants in the ecosystem.