PlatON and Alchemy Pay have established a deep collaboration to jointly develop the blueprint for Web3.0 payments

PlatON, a digital public infrastructure, has introduced wallet plugin services for its ecosystem partners. As part of this development, Alchemy Pay’s fiat-crypto on and off ramps have been integrated into its wallet plugin to allow users to deposit funds directly with fiat payments and also enable the exchange of crypto to fiat with remittance to users’ bank accounts, bringing forward a simple, fast and secure payment experience to its wallet users. LAT, the native token of PlatON Network, as well as USDT and USDC on the same network will also be included in Alchemy Pay’s ramp, enabling users to directly acquire them using fiat payments.

Alchemy Pay (ACH) has become a specialist in providing solutions that give crypto and Web3 services access to fiat payments for mainstream accessibility. Alchemy Pay’s peerless global coverage has extended to 173 countries, supporting fiat-crypto purchases through a variety of payment methods, including Visa, Mastercard, Google Pay, Apple Pay, regional mobile wallets, and domestic transfers. With 300+ fiat payment channels, its ramps are able to go beyond cards and access local mobile wallets. Moreover, its off-ramp capability is able to remit to users in 50+ local fiat currencies.

PlatON, initiated and driven by the LatticeX Foundation, is a next-generation Internet infrastructure protocol based on the fundamental properties of blockchain and supported by the privacy-preserving computation network. Its newly launched wallet plugin is conveniently compatible with a wide range of decentralized wallets supported by existing project parties with cross-chain top-ups and fiat on and off ramp through Alchemy Pay. In the future, it will also update features such as cross-chain and cross-coin swaps, prepaid card sales, and virtual VISA cards, etc. This partnership between Alchemy Pay and PlatON will further reinforce its overall strength, attract and easily onboard a larger base of global users.

In recent years, with the comprehensive outbreak of new technologies and new formats such as blockchain, digital currency, and metaverse, many people see Web3.0 as a new starting point for the industrial Internet. Decentralized business models, innovative applications of digital assets, data sovereignty and privacy protection, Web3.0 payments, and financial innovation have become hot topics of discussion. For PlatON, “payment settlement” is not only the inherent endowment of blockchain technology but also a complete return to the proposition of “Satoshi Nakamoto.” Regardless of how upper-layer applications change, the essence of blockchain still lies in its foundation rooted in payment settlement infrastructure. The collaboration with Alchemy Pay is based on a shared Web3.0 payment concept, and in the future, both parties will continue to deepen their cooperation and jointly create the blueprint for Web3.0 payments.

PlatON will incorporate privacy-preserving computation capabilities into real-life distributed financial infrastructure (mainly payment & settlement facilities) and provide comprehensive payment and settlement standards and solutions for all ecosystem partners. The network aims to make crypto and decentralized financial infrastructure more accessible to Web2 users, enabling traditional businesses to operate more efficiently, securely, and compliantly by leveraging decentralized payment capabilities.