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Alchemy Pay’s Fiat On-Ramp Integrates SEI For Instant Token Purchase

September 25, 2023
in Metaverse
Reading Time: 4 mins read
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Alchemy Pay’s Fiat On-Ramp Integrates SEI For Instant Token Purchase

by Cindy Tan

Revealed: September 25, 2023 at 8:02 am Up to date: September 25, 2023 at 8:13 am

by Victor Dey

Edited and fact-checked:

In Transient

The native token $SEI from Sei Community is now built-in into Alchemy Pay’s fiat-crypto on-ramp.

Sei Community customers can now buy its native token by way of Alchemy Pay utilizing fiat.

Sei Community right this moment introduced that its native token, $SEI, has been built-in into Alchemy Pay’s fiat-crypto on-ramp. This integration offers the Sei ecosystem with a fee gateway incorporating Visa, Mastercard, Apple Pay and Google Pay.

“With Alchemy Pay, functions on Sei can now seamlessly join with conventional fiat currencies for companies, builders, and customers around the globe,” Jeff Feng, Sei co-founder, mentioned in an announcement.

Sei, an open-source Layer-1 blockchain, launched its mainnet beta in August, with the SEI token listed on main exchanges concurrently. The blockchain goals to drive the mass adoption of digital belongings by being a Layer 1 optimized for crypto buying and selling, Web3 gaming, NFT marketplaces, or decentralized exchanges (DEX).

Shortly after launching its mainnet, SEI hit a buying and selling quantity of $1.3 billion with a completely diluted market cap of $2.7 billion in 24 hours. The token reached an all-time excessive of $0.43 on Aug 16 earlier than plummeting to its present worth of $0.11, based on CoinGecko.

Sei’s airdrop additionally garnered criticism from its neighborhood attributable to technical points and a meagre payout.

The blockchain community claims that greater than 150 groups are transitioning to its mainnet from Ethereum, zkSync, Solana, Avalanche (Avax), Polygon, and Sui. Its workforce contains former Google, Goldman Sachs, Robinhood, Nvidia, and Databricks veterans. 

In April, the blockchain community raised over $30M from buyers together with Multicoin, Soar, Coinbase Ventures, Stream Merchants, Anchorage, LayerZero, and StepN. 

Alchemy Pay asserts that it presents world protection spanning 173 international locations, permitting customers to buy cryptocurrencies utilizing fiat fee strategies. These embody Visa and Mastercard, Apple Pay and Google Pay, in addition to localized cell wallets and home transfers.

Disclaimer

Any information, textual content, or different content material on this web page is offered as common market info and never as funding recommendation. Previous efficiency shouldn’t be essentially an indicator of future outcomes.

The Trust ProjectThe Trust Project

The Belief Venture is a worldwide group of reports organizations working to ascertain transparency requirements.

Cindy is a journalist at Metaverse Submit, overlaying subjects associated to web3, NFT, metaverse and AI, with a give attention to interviews with Web3 trade gamers. She has spoken to over 30 C-level execs and counting, bringing their beneficial insights to readers. Initially from Singapore, Cindy is now based mostly in Tbilisi, Georgia. She holds a Bachelor’s diploma in Communications & Media Research from the College of South Australia and has a decade of expertise in journalism and writing.Get in contact along with her by way of [email protected] with press pitches, bulletins and interview alternatives.

Extra articles

Cindy Tan

Cindy is a journalist at Metaverse Submit, overlaying subjects associated to web3, NFT, metaverse and AI, with a give attention to interviews with Web3 trade gamers. She has spoken to over 30 C-level execs and counting, bringing their beneficial insights to readers. Initially from Singapore, Cindy is now based mostly in Tbilisi, Georgia. She holds a Bachelor’s diploma in Communications & Media Research from the College of South Australia and has a decade of expertise in journalism and writing.Get in contact along with her by way of [email protected] with press pitches, bulletins and interview alternatives.

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