Telegram’s Wallet App Adds Fiat and Crypto Payments Through Alchemy Pay
Photo: TheCoinrise
The partnership lets Walt users buy crypto with local currencies across 173 countries, according to reports. According to the reports, the fiat on-ramp supports transactions across 173 countries. That scale reflects Alchemy Pay's existing network of local payment partnerships, which the company has built to serve users who rely on regional banking and card systems rather than global payment rails. Alchemy Pay functions as a bridge between traditional payment networks and blockchain-based services. The company provides infrastructure that lets other platforms accept fiat payments and convert them into crypto, or vice versa, without building that compliance and banking relationship themselves.
Source: TheCoinrise
