JAKARTA – Crypto Alchemy Pay (ACH) collaborates with The Tron Foundation (TRX) as one of the largest providers of decentralized applications (DApps) and blockchain. Alchemy Pay is a hybrid payment service provider between crypto and fiat. Therefore, Alchemy will be integrated with Tron.
The partnership will also require Alchemy Pay support by the Tron Foundation in providing technical resources, cross-community promotions, and other ecological development initiatives that will drive joint efforts between the Alchemy and Tron ecosystems.
This partnership comes as a result of the successful test trading of TRX tokens through Bit.Store, a crypto investment platform powered by Alchemy Pay. Bit.Store is an intuitive crypto trading platform popular with new crypto investors with 500,000 users across Australia, Canada, Hong Kong, Indonesia and the UK.
The platform leverages fiat payment channels Alchemy Pay enables direct fiat-to-crypto investments, including Visa, Mastercard, PayPal, and local payment channels such as OVO and Dana mobile wallets, and cross-border bank transfers.
In addition to increasing TRX liquidity across investment platforms such as Bit.Store, Alchemy Pay will strengthen the TRX token use case by integrating TRX into its payment system. This will allow TRX to be accepted as a form of payment across the Alchemy Pay merchant network.
As part of the collaboration, Tron Foundation and Alchemy Pay will join the Blockchain Infrastructure Alliance – as founding members – which comprises a growing list of blockchain industry leaders, including crypto exchanges, stablecoin issuers, and DeFi platforms.
This alliance will jointly promote and drive the growth and advancement of the cryptocurrency and blockchain space and act as an incubator for new projects.
For your information, Alchemy Pay operates in 65 countries and territories and has contact points with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay, and more.
Currently TRX is one of the largest cryptocurrencies in the world by market capitalization. TRX occupies the 27th position of the crypto, while ACH occupies the 273rd position by market capitalization as reported by Coinmarketcap.
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