Alchemy Pay, a prominent fiat-crypto payment gateway, has joined forces with the CKB Eco Fund to simplify the process of purchasing CKByte ($CKB). As the first fully BTC-isomorphic Layer 2 (L2) protocol, $CKB can now be acquired using various fiat payment methods through Alchemy Pay’s fiat-on-ramp solution. The partnership aims to enhance accessibility to $CKB by providing a seamless and compliant purchasing process.
Users can now securely purchase $CKB through the on-ramp integrated into the CKB Eco Fund’s website or directly on the Alchemy Pay Ramp platform. The on-ramp supports payment options such as Visa, MasterCard, mobile wallets, and bank transfers, streamlining the acquisition process for users worldwide.
CKByte ($CKB) plays a crucial role in the Nervos Network, where it is utilized for transaction fees and data storage. Holding 1 CKB allows users to store one byte of data on the network’s base layer. The CKB Eco Fund, recognized for incubating and investing in projects connecting CKB to the Bitcoin ecosystem, facilitates decentralized application development in sectors like DeFi, gaming, and NFTs.
Established in 2017, Alchemy Pay specializes in bridging the gap between cryptocurrency and traditional fiat payments, operating in 173 countries with over 300 payment channels. The platform supports a variety of local mobile wallets and guarantees a seamless checkout process. With extensive global licensing, Alchemy Pay ensures regulatory compliance and is widely regarded as a trusted leader in the crypto payment industry.
The CKB Eco Fund is committed to connecting CKB with the Bitcoin ecosystem, as demonstrated by its launch of the BTCKB initiative in January 2024. This initiative aims to enhance the integration of Bitcoin’s blockchain with the CKB network, introducing smart contract functionalities and improving Bitcoin’s programmability through CKB’s innovative architecture.
The partnership between Alchemy Pay and the CKB Eco Fund marks a significant milestone in expanding access to $CKB, bridging the gap between the fiat and crypto ecosystems. This collaboration, leveraging Alchemy Pay’s robust infrastructure and CKB’s cutting-edge technology, is set to advance digital asset accessibility and foster innovation within the blockchain sector.