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Neo Partners with Alchemy Pay

ACH (Alchemy Pay) and Neo, one of the world's leading open-source blockchain development platforms, have announced a partnership where Alchemy Pay will integrate the NEO token into its global hybrid crypto-fiat payment gateways.

Neo & Alchemy Pay to Enable NEO Token Global Payments iBase Trading.
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ACH (Alchemy Pay) and Neo are the world’s leading open-source blockchain development platforms. They announced a partnership where Alchemy Pay will integrate the NEO token into its global hybrid crypto-fiat payment gateways.

Neo is one of the world’s leading open-source blockchain development platforms.


The Partnership

The integration of NEO tokens into Alchemy Pay’s hybrid crypto and fiat payment systems will broaden the range of applications for NEO tokens as a result of this agreement. It would enable NEO transactions throughout Alchemy Pay’s merchant networks. It includes powerful eCommerce platforms such as Shopify and Arcadier, among others.

Neo and Alchemy Pay will continue to investigate the possibility of establishing a combined ecosystem fund to provide financing to high-potential businesses built on the Neo blockchain, particularly those focused on the payments and decentralized finance (DeFi) sectors. Other forms of assistance, such as technical resources, cross-community promotion, and other ecological development aid, will be provided to initiatives that obtain funding.

As part of the collaboration, Neo and Alchemy Pay will become founding members of the Blockchain Infrastructure Alliance. Which it currently includes a growing list of blockchain industry leaders, including cryptocurrency exchanges, stable coin issuers, decentralized financial infrastructure platforms, and regulators. The association will work together to promote and accelerate the development and expansion of the cryptocurrency and blockchain industries.

Alchemy Pay is the creator of the world’s first hybrid fiat and digital currency gateway solution. It launched in 2014 for businesses and investors. Alchemy Pay facilitates seamless crypto and fiat acceptance for merchant networks, developers, and financial institutions. It accelerates the adoption of blockchain technology. This is by making crypto investment and DeFi services readily available to consumers, businesses, and institutions in the fiat economy.

With relationships with industry titans, including Binance, Shopify, Arcadier, QFPay, and others, Alchemy Pay currently operates in 65 countries and territories and has touchpoints with more than 2 million merchants.

Neo and Smart Contracts

Neo is a blockchain platform that is open-source and community-driven. It is a blockchain platform with all the features necessary for developing decentralized applications. Smart contracts in Neo allow developers to digitize and automate the management of assets, allowing them to be more productive. The Internet of Things also includes robust native infrastructures such as decentralized storage, oracles, and domain name service. Which together form a solid basis for the Next-Generation Internet.

Customers can use the Alchemy Pay mobile application or an actual debit card to pay for products and services in cryptocurrency via the Alchemy Pay system.

Indeed, the Blockchain Infrastructure Alliance, which 36 founding members will form, will include the two businesses and integrate NEO into the payment network. The Blockchain Industry Association (BIA) was established to promote and accelerate the growth of blockchain and cryptocurrency. It comprises industry leaders, service providers, and regulators from the blockchain industry.

According to the companies, NGD and Alchemy Pay will shortly investigate the feasibility of establishing a joint ecosystem fund. This is to assist DeFi and payment-related businesses built on the Neo N3 blockchain. Additionally, the supported projects will provide technical resources, cross-community promotion efforts, and general ecosystem development support.

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Sophia Vasquez is a journalist and writer for iBaseTrading. She has over 10 years of experience writing about Business news and has been covering the blockchain and cryptocurrency space since 2011.