Alchemy Pay Partners with CKB Eco Fund to Enhance $CKB Accessibility

Alchemy Pay, a leading fiat-crypto payment gateway, has entered into a strategic partnership with the CKB Eco Fund. This collaboration allows users to directly purchase CKByte ($CKB), the first fully BTC-isomorphic Layer 2 (L2) protocol, using a variety of fiat payment methods via Alchemy Pay's fiat-on-ramp solution.

Leading fiat-crypto payment gateway Alchemy Pay has announced a strategic partnership with the CKB Eco Fund, enabling users to directly purchase CKByte ($CKB) using a variety of fiat payment methods.

What is CKByte ($CKB)?

CKByte ($CKB) is the native token of the Nervos Network, a Layer 2 (L2) protocol that is fully BTC-isomorphic. This means that it is designed to be compatible with the Bitcoin blockchain and can be used to create smart contracts and decentralized applications (dApps) on top of the Bitcoin network.

The CKB Eco Fund is a non-profit organization that was established in 2021 to support the development of the CKB ecosystem. The fund provides grants and investments to projects that are building on CKB and aims to connect CKB with the broader Bitcoin community.

Alchemy Pay is a fiat-crypto payment gateway that was founded in 2017. The platform currently operates in 173 countries and has over 300 payment channels, making it one of the most widely used fiat-crypto payment gateways in the world.

Alchemy Pay’s fiat-on-ramp solution will be integrated into the CKB Eco Fund’s website, allowing users to easily purchase $CKB using Visa, MasterCard, mobile wallets, and bank transfers. This will make it significantly easier for users worldwide to acquire $CKB in a compliant manner.

According to the press release, CKByte ($CKB) is used to pay for transaction fees and data storage on the Nervos Network. Users can store one byte of data on the network’s base layer by holding 1 CKB.

The CKB Eco Fund, which supports decentralized application development in sectors including DeFi, gaming, and NFTs, is renowned for incubating and investing in projects that connect CKB to the Bitcoin ecosystem.

Global Presence of Alchemy Pay

Alchemy Pay, which was founded in 2017, is renowned for bridging the gap between cryptocurrency and conventional fiat payments. The platform has a presence in 173 countries and supports a wide range of local mobile wallets, ensuring a seamless checkout process. Alchemy Pay’s global licensing spans regions like the UK, U.S., Canada, Indonesia, and Lithuania, showcasing its dedication to regulatory compliance and establishing the company as a trusted leader in the crypto payment industry.

The CKB Eco Fund’s primary goal is to connect CKB with the Bitcoin ecosystem. The fund’s BTCKB effort, which was introduced in January 2024, aims to improve Bitcoin’s blockchain integration with the CKB network. This development intends to enhance Bitcoin’s programmability and introduce smart contract functionalities through CKB’s innovative architecture.

This partnership is a major step forward in expanding access to $CKB, further bridging the gap between fiat and crypto ecosystems. With Alchemy Pay’s robust infrastructure and CKB’s cutting-edge technology, this collaboration will advance digital asset accessibility and drive innovation within the blockchain sector.

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