CoinW, a leading global cryptocurrency trading platform, has formed a strategic partnership with Alchemy Pay, which will see the integration of the latter’s fiat-crypto ramp solution onto its platform. This collaboration aims to revolutionize transactions by enabling users to easily switch between fiat and crypto using their preferred payment methods.
The partnership with Alchemy Pay is intended to make CoinW more accessible to users and simplify both the purchase and sale of cryptocurrencies. Alchemy Pay’s ramp solution offers an extensive network which serves 173 countries, supports fiat deposits via Visa and MasterCard, and includes numerous popular fiat mobile wallets in emerging markets.
Alchemy Pay boasts an impressive network of over 300+ fiat payment channels, allowing its checkouts to go beyond the traditional use of cards by tapping into local mobile wallets. Users can also enjoy convenient offboarding from crypto to fiat, with remittance capabilities to bank accounts in over 50 fiat currencies.
The integration of Alchemy Pay’s ramp solution has paved the way for a direct-to-customer (D2C) solution, making the process of buying and selling crypto with domestic local currencies as straightforward as a transaction on Amazon or eBay.
In just five years, CoinW has successfully served over 7 million users across 120+ countries, with first-layered liquidity surpassing $10 billion. Adhering to the principle of “empowering blockchain technology and financial transformation,” CoinW is committed to realizing global financial freedom and inclusiveness.
A robust crypto-fiat onramp solution is vital for the cryptocurrency industry. Onramps act as bridges between traditional fiat currencies and the digital world of cryptocurrencies, playing an essential role in driving the adoption of cryptocurrencies by providing a seamless way for users to convert their fiat currencies into cryptocurrencies.
In markets where access to cryptocurrencies is limited or complex, a user-friendly onramp solution can simplify the process and make it accessible to a wider audience. This accessibility is critical in driving the mainstream adoption of cryptocurrencies.
Digital currencies have faced a significant obstacle impeding their adoption: the complexity and accessibility of converting traditional fiat money into cryptocurrencies, and vice versa. Crypto-fiat onramp solutions address this issue directly, offering a seamless, user-friendly platform for individuals to buy cryptocurrencies with their traditional fiat currencies.
Onramp solutions serve as the gateway or ‘onramp’ into the cryptocurrency highway, removing the technical complexities associated with purchasing and storing cryptocurrencies.
The integration of onramp solutions like Alchemy Pay’s into platforms like CoinW represents a substantial step towards financial inclusiveness. In regions with underdeveloped banking infrastructure, crypto-fiat onramps can provide unbanked or underbanked individuals with an accessible financial solution.
This strategic partnership between CoinW and Alchemy Pay goes beyond a simple business deal—it is a step towards bridging the gap between traditional and digital finance, promoting the adoption of cryptocurrencies, and ultimately, democratizing financial services on a global scale.
CoinW is a global cryptocurrency asset trading platform that offers a one-stop digital asset service portal for 220 million cryptocurrency users worldwide. The platform is committed to leading the new trend in the cryptocurrency asset industry, fostering the global adoption of blockchain technology, and promoting crypto assets to link the world with the future.
