Singapore, November 15, 2021 – The Tron Foundation (TRX), the world’s largest blockchain decentralized application operating system, and crypto-fiat hybrid payment solutions provider, Alchemy Pay (ACH), have announced a collaboration. Alchemy Pay will integrate the TRX token into its global crypto-fiat gateway. The partnership also further entails the support of Alchemy Pay by the Tron Foundation in the provision of technical resources, cross-community promotions, and other ecological development initiatives that will foster joint efforts between Alchemy and TRON ecosystems.
This partnership comes on the back of the successful test trading of TRX tokens through Bit.Store, a crypto investment platform powered by Alchemy Pay. Bit.Store is an intuitive crypto trading platform popular among new crypto investors with 500,000 users across Australia, Canada, Hong Kong, Indonesia, and the United Kingdom. The platform leverages Alchemy Pay’s fiat payment rails to enable direct fiat-to-crypto investment, including Visa, Mastercard, PayPal, and local payment channels such as OVO and Dana mobile wallets, and cross-border bank transfers.
In addition to enhancing TRX liquidity across investment platforms such as Bit.Store, Alchemy Pay will amplify the use cases of the TRX token by integrating TRX onto its payment system. This will allow TRX to be accepted as a form of payment across Alchemy Pay’s merchant network.
As part of the collaboration, Tron Foundation and Alchemy Pay will join the Blockchain Infrastructure Alliance – as founding members – which comprises a growing list of blockchain industry leaders, including crypto exchanges, stablecoin issuers, and DeFi platforms. The alliance will jointly promote and drive the growth and advancement of the cryptocurrency and blockchain space and act as an incubator for new projects. More information on Blockchain Infrastructure Alliance can be found at www.bia.network.
About TRON (TRX)
TRON (TRX) is the world’s largest blockchain decentralized application operating system, providing high-throughput, high-scalability, and high-reliability underlying public chain support for the operation of decentralized applications on the protocol. TRX has been listed on more than 130 exchanges, linking millions of value investors around the world, and is one of the world’s most valuable cryptocurrencies.
About Alchemy Pay (ACH)
Alchemy Pay is the inventor of the world’s first hybrid fiat and digital currency gateway solution for businesses and investors. Alchemy Pay powers seamless crypto and fiat acceptance for merchant networks, developers, and financial institutions, and powers adoption of blockchain technology by making crypto investment and DeFi services readily accessible to consumers and institutions in the fiat economy.
Today, Alchemy Pay operates in 65 countries and regions and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay and more.
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