A New Frontier in Crypto On-Ramping

A Landmark Deployment

Alchemy Pay, a global leader in fiat-crypto payments, is taking a bold new step by initiating its services on Polygon’s innovative zkEVM chain. This positions Alchemy Pay among the pioneer fiat-crypto on-ramp facilitators supporting the emerging zkEVM universe. This development opens doors for international users, who can now acquire digital currencies through their favorite local fiat methods.

Benefits for Developers

The novel zero-knowledge proof platform stands to gain significantly from Alchemy Pay’s direct customer-centric plugin. This tool promises swift integration and deployment for decentralized applications and various platforms, reducing costs and complexities. It’s worth noting that Alchemy Pay has been a staunch supporter of projects on the Polygon mainnet since 2021. Given its reputation as a top-notch fiat-crypto gateway, it’s unsurprising that they are among the initial ramp providers aligning with Polygon’s fresh chain.

Jack Melnick, Head of DeFi BD at Polygon Labs, commends the collaboration: “Watching initiatives like Alchemy Pay contribute positively to the ease of access and functionality of the Polygon zkEVM blockchain is truly exhilarating. Alchemy Pay serves as an intuitive portal to digital currency spaces for enthusiasts. We eagerly anticipate the outcomes of this partnership.”

Decoding Polygon zkEVM: Features and Advantages

Polygon’s zkEVM, an advanced Ethereum Layer 2 scalability module, leverages cryptographic zero-knowledge proofs, providing quick validation and conclusion to off-chain transaction operations, under the banner of ZK-Rollup. This platform permits developers on zkEVM to utilize familiar Ethereum resources while benefiting from heightened transaction speeds and reduced expenses.

The ZK-Rollup’s brilliance lies in its transparent execution of smart contracts. It achieves this by broadcasting zero-knowledge validation proofs and upholding compatibility with the Ethereum Virtual Machine. For those seeking a deeper dive, detailed insights on zkEVM components, including the zero-knowledge Prover (zkProver), the integrated State Machines, the zkEVM Bridge contract, and specialized tools, are available.

Developers have the liberty to launch their pre-existing smart contracts onto zkEVM. Additionally, users can introduce assets from Ethereum and undertake off-chain transactions. By grouping transactions and providing a zero-knowledge proof of each transaction’s authenticity, the platform harnesses Ethereum’s security prowess.

Spotlight on Alchemy Pay: Bridging Crypto and Traditional Payments

Alchemy Pay’s payment solution is genuinely universal, supporting major credit cards like Visa, Mastercard, Discover, and Diners Club across a staggering 173 countries. Additionally, they cater to domestic transfers and mobile wallets, particularly in burgeoning markets. Their user-centric approach, coupled with a streamlined KYC procedure, makes crypto transactions as simple and efficient as traditional online payments. Born in Singapore, Alchemy Pay has revolutionized the seamless integration of crypto and fiat currencies, showcasing an array of services that include on & off-ramp solutions, NFT checkouts, and innovative crypto-powered card systems.