Alchemy Pay, a leading crypto payment gateway, has partnered with Ripple to facilitate seamless fiat on-ramp services for Ripple's stablecoin, RLUSD, enabling users worldwide to purchase RLUSD directly with fiat currencies.
This collaboration leverages Alchemy Pay's extensive network supporting over 300 local payment methods in more than 170 countries. The partnership removes common obstacles faced by users when entering the stablecoin market by allowing direct conversion from traditional currencies (like USD, EUR, GBP) into RLUSD through familiar payment options such as credit cards, bank transfers, and mobile wallets.
RLUSD is a fully backed stablecoin pegged 1:1 with reserve assets like the US dollar, aiming to provide stability and utility for trading, payments, lending, and as a safe haven during market volatility. By integrating Alchemy Pay’s fiat on-ramp, Ripple ensures increased accessibility and adoption potential for RLUSD across diverse global markets.
The partnership enhances the utility of RLUSD within Ripple’s ecosystem, facilitating its use in decentralized finance (DeFi), cross-border payments, and settlements. This integration also bolsters Alchemy Pay’s reputation and transaction volumes by joining forces with a major industry player like Ripple.
Users will benefit from a streamlined process to acquire RLUSD, requiring fewer steps than traditional methods, making digital assets more accessible and lowering technical barriers for new entrants into the crypto economy.
Overall, this alliance represents a significant advancement in the crypto sector’s ongoing efforts to bridge digital currencies with traditional finance, signaling broader trends towards usability, financial inclusion, and mainstream adoption of stablecoins.