CDS Collaboration Neo Deploys Alchemy Pay’s Fiat-Crypto Ramp Solution
Collaboration

Neo Deploys Alchemy Pay’s Fiat-Crypto Ramp Solution

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Neo Deploy

The Alchemy Pay team announced via a Medium post on Monday that NEO had integrated its on- and off-ramp solutions into the Neo ecosystem.

Neo Deploys Alchemy Pay’s Fiat-Crypto Ramp Solution

Neo, the prominent open-source, community-driven blockchain platform, has partnered with Alchemy Pay to simplify on- and off-ramping within the Neo ecosystem. This collaboration allows Neo users worldwide to buy cryptocurrencies using their preferred local fiat currencies.

Developers building on Neo can now take advantage of Alchemy Pay’s direct-to-customer plugin, which can be effortlessly integrated and deployed by dApps and platforms at minimal cost and with little hassle.

Alchemy Pay’s payment gateway supports payments via Visa, Mastercard, Discover, and Diners Club in 173 countries, as well as domestic transfers and mobile wallets in emerging markets. With its user-friendly KYC process, low fees, and excellent conversion rates, Alchemy Pay makes purchasing and selling cryptocurrencies with local currencies as simple as any standard online payment. Its extensive network includes over 300 fiat payment channels, enabling its checkouts to expand beyond card payments and access local mobile wallet options.

Neo Deploys Alchemy Pay’s Fiat-Crypto Ramp Solution

As a leading community-driven open-source blockchain platform, Neo offers the most comprehensive blockchain solution for building decentralized applications. Neo empowers developers to digitize and automate asset management through smart contracts while also providing robust native infrastructures such as decentralized storage, oracles, and domain name service, forming a solid foundation for the Next-Gen Internet. Within the Neo ecosystem, the Alchemy Pay plugin will now support NEO, GAS (the native tokens for the Neo platform), and FLM (the native token for DeFi project Flamingo Finance).

Previously, Alchemy Pay collaborated with Neo to integrate its token into Alchemy Pay’s global crypto-fiat gateways. Moreover, Neo and Alchemy Pay became founding members of the Blockchain Infrastructure Alliance, laying the groundwork for further joint initiatives. The recent integration of on- and off-ramps builds upon the existing partnership and paves the way for future collaborations.

Robert McCracken, Alchemy Pay Ecosystem Lead, stated, “We welcome the opportunity to extend our longstanding collaboration with Neo to make interacting with the Neo ecosystem easier than ever before.”

Neo Deploys Alchemy Pay’s Fiat-Crypto Ramp Solution

John Wang, Director of Neo Eco Growth, added, “The entire team at Neo is delighted to join forces with our valued partner, Alchemy Pay, to provide this next level of convenience in on- and off-ramping for the Neo ecosystem. By launching Alchemy Pay’s innovative payment gateway, we are supporting our thriving global community by offering accessible fiat-to-crypto solutions.”

About NEO

NEO is a blockchain project that focuses on building a scalable and decentralized platform for creating and deploying smart contracts and decentralized applications (dApps). Launched in 2014 and initially known as Antshares, NEO was rebranded in 2017 and is often referred to as the “Ethereum of China.”

NEO aims to create a “Smart Economy” by combining digital assets, digital identity, and smart contracts. The platform enables the digitization of real-world assets and their representation as digital assets on the blockchain. These digital assets can be managed, traded, and controlled through smart contracts, which are self-executing agreements running on the blockchain.

The NEO platform uses a unique consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT), which is designed to offer high performance, scalability, and security while reducing the energy consumption typically associated with traditional proof-of-work or proof-of-stake systems.

NEO has two native tokens: NEO and GAS. NEO tokens are used for governance, giving holders voting rights within the network, while GAS tokens are used to pay for transactions and the deployment of smart contracts.

Developers can build dApps on the NEO platform using various programming languages such as C#, Python, and Java, making it more accessible for a wider range of developers compared to platforms that require the use of a specific language. NEO also provides a suite of native infrastructures such as decentralized storage, oracles, and domain name services, making it a comprehensive ecosystem for building the next generation of decentralized applications.

To access more collaboration articles: cryptodataspace.com

References

alchemypay.medium.com

Written by
Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.

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