Alchemy Pay Announces Support for Fiat On & Off-Ramps on Cake Wallet

Alchemy Pay, the well-known platform offering payment solutions for fiat and crypto assets, has announced an exclusive integration with Cake Wallet, a prominent open-source, non-custodial crypto wallet offering a seamless transfer experience. The integration aims to offer crypto on as well as off-ramps support on Cake Wallet, letting the consumers sell and purchase crypto assets with regional fiat currencies. The platform took to social media to announce this notable development.

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Alchemy Pay Integrates with Cake Wallet to Enable Seamless Fiat On & Off Ramps

The integration lets Cake Wallet consumers reach the resilient payment ecosystem of Alchemy Pay that covers 173 jurisdictions and over 50 fiat currencies. Hence, whether buying crypto through Mastercard, Visa, local bank transactions, or mobile wallets, the consumers can leverage an unparalleled, user-friendly, and secure experience. They can also convert digital assets back into regional fiat currencies. This wide range of activities focuses on providing convenience to the consumers to increase the wide-scale adoption.

Cake Wallet, which was established back in 2018, has a chief objective of enhancing the accessibility of financial privacy to everyone. It has long been leading the innovation in the self-custody solutions. Its key advancements include the provision of the earliest support for Monero on iOS devices and incorporating latest features like Litecoin’s MWEB and $BTC Silent Payments. Hence, Cake Wallet keeps revolutionizing the user engagement with the digital assets in a secure and private manner.

The integration underscores a notable development in following the missions of both the entities. Thus, it endeavors to make crypto relatively accessible while strengthening consumers to enjoy complete financial freedom. The partnership leverages the comprehensive regulatory expertise of Alchemy Pay and its resilient position in merging the conventional finance with the Web3. This guarantees that privacy-centered consumers do not require sacrificing convenience to get control.

Driving Financial Accessibility Across Diverse Jurisdictions

As per Alchemy Pay, the platform is devoted to obtaining licenses in diverse jurisdictions to increase the advanced financial accessibility across the globe. Its services efficiently cater to the needs of the consumers in diverse jurisdictions. During April this year, the platform successfully gained the 9th Money Transmitter License thereof in the United States. Moreover, it is also certified in Indonesia, Korea, Australia, Europe, and Canada.