In a significant advancement for Ethereum Classic (ETC) users, Alchemy Pay has joined forces with ETC Grants DAO (EGD) to offer a seamless fiat-on-ramp service.
The partnership ultimately aims to ease access to ETC by enabling fiat purchases with Visa, MasterCard, mobile wallets and bank account payments. The combination of services should automate purchases while ensuring compliance and user productivity.
Alchemy Pay’s globally recognized fiat payment gateway services guarantee that customers around the world can convert their fiat currency into cryptocurrencies.
This partnership will enable Alchemy Pay services to be integrated across a variety of high-profile community platforms, such as etcgrantsdao.io and ethereumclassic.org. Additionally, the initiative will enable direct ETC purchases on the Alchemy Pay Ramp website.
Strengthening ETC’s global presence
The partnership formed by Alchemy Pay and ETC Grants DAO demonstrates shared value in advancing blockchain accessibility and decentralization.
Then there’s Ethereum Classic, which stays true to decentralization and immutability as its core values, the blockchain often cited as the original Ethereum blockchain where “Code is Law!”
Leading this partnership not only expands ETC’s applications and accessibility to a global audience, but aligns with ETC’s ethos that continues to foster immutable, decentralized blockchain interactions.
#AlchemyPay’s On-Ramp solution is now live on @ETCGrantsDao for easy #ETC purchases.
Through the portal on the EGD website, community members can easily and securely obtain $ETC using their favorite fiat payment methods and currencies.https://t.co/1vt4buFK0p$ACH pic.twitter.com/gP2NRXyhlX
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 14, 2024
Moreover, what Alchemy Pay plays is more than just a payment gateway. As a result, it has a global license in the UK, US, Canada, Indonesia and Lithuania and has completed the necessary logical layout for users to easily switch to domestic countries.
These are credentials that are of great importance as they are necessary to drive widespread adoption of cryptocurrency while ensuring comprehensive security for both end users and partners.
While ETC Grants DAO is hard at work advancing the Ethereum Classic ecosystem. Funded by major industry players such as BITMAIN, ANTPOOL and the ETC Cooperative, the DAO works to support ETC-related infrastructure and ETC longevity.
ETC subsidies DAO is fundamental to the development of the ETC ecosystem. It serves as the backbone of ETC’s efforts to support developers and community enthusiasts.