Singapore, November 11, 2021 - Neo, one of the world's leading open-source blockchain development platforms, and crypto-fiat hybrid payment solutions provider Alchemy Pay (ACH) have announced a partnership in which Alchemy Pay will integrate the NEO token in its global hybrid crypto-fiat gateways.
This partnership will amplify the use cases of NEO tokens by integrating the token into Alchemy Pay’s hybrid crypto and fiat payment systems. This will allow NEO to be transacted across Alchemy Pay’s merchants’ networks, including major eCommerce platforms such as Shopify and Arcadier.
Neo and Alchemy Pay will further explore the opportunity to set up a joint ecosystem fund that aims to provide capital to high-potential projects building on the Neo blockchain, especially those focused on payments and decentralized finance (DeFi) sectors. Funded projects will also receive other support including technical resources, cross-community promotions and other ecological development assistance.
As part of the collaboration, Neo and Alchemy Pay will join the Blockchain Infrastructure Alliance — as founding members — which comprises a growing list of blockchain industry leaders to date, including crypto exchanges, stable coin issuers, DeFi platforms and regulators. The alliance will jointly promote and drive the growth and advancement of the cryptocurrency and blockchain space. More information on the Blockchain Infrastructure Alliance can be found at www.bia.network.
Neo is an open-source community-driven blockchain platform. It is a feature-complete blockchain platform for building decentralized applications. Neo enables developers to digitize and automate the management of assets through smart contracts. It also provides powerful native infrastructures such as decentralized storage, oracles, and domain name service, creating a solid foundation for the Next-Gen Internet.
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.