Blockchain Network Ontology, Alchemy Pay to Integrate its On and Off Ramp

Ontology, a blockchain network focused on enhancing trust, privacy, and security in Web3 by offering decentralized identity and data solutions, has formed a partnership with Alchemy Pay to integrate its on and off ramp solution.

Timeline of Alchemy-pay, Ontology

On May 18, 2023, the famous web3 technology firm OKX, the second-largest cryptocurrency platform in terms of trading volume, issued a statement, a development for the cryptocurrency community.

Alchemy Pay now supports India's UPI domestic transfer payments for crypto purchases in India. By enabling users to pay by Unified Payments Interface, India's domestic transfer system, it is possible for Indian bank account holders “to buy and sell cryptocurrency with the Indian rupee.

DODO, an algorithm-driven and decentralized trading platform, has launched Alchemy Pay's on & off ramp solution on its platform. Alchemy Pay's payment ramp “supports fiat deposits with Visa and MasterCard, as well as numerous popular fiat mobile wallets in emerging markets.

Alchemy Pay (ACH), a Singapore-based leader in cryptocurrency payment solutions, has expanded its services into Malaysia, allowing Malaysian users to purchase cryptocurrencies directly with Malaysian Ringgit (MYR) using popular local payment methods.

OKX has launched the Alchemy Pay fiat-crypto on-ramp solution on its platform. Alchemy Pay's payment on-ramp “supports fiat deposits with Visa and MasterCard, as well as numerous popular fiat mobile wallets in emerging markets.

Alchemy Pay, a Singapore-based payments provider, has recently received a $10 million investment from market maker DWF Labs at a $400 million valuation, as part of its expansion plans in South Korea.

The well-known fast-food chain, Burger King, has begun accepting crypto payments at one of its Paris locations, thanks to Alchemy Pay and Binance Pay and the Instapower power bank top-up service.

Serving as a committee member of Alchemy Pay's management and advisory board, and as Global Strategic Adviser to support Alchemy Pay's expansion and growth in global markets, contributing actively to strategy, compliance and government relations.

The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund.

Alchemy Pay (ACH/USD) price continued its recovery after the company continued its partnerships and as other cryptocurrencies jumped. ACH rose for the second straight day and reached a high of $0.033. It has soared by ~48% from the lowest point on Friday.