PRESS RELEASE. Avalanche has announced the integration of flexible fiat payment on-ramps on their network, thanks to a new integration with Alchemy Pay. Alchemy Pay is a payment solution that bridges fiat and crypto economies and it will now offer support for Avalanche’s public blockchain’s native token AVAX for payments. Avalanche also announced they will be joining Alchemy Pay as a founding member of the Blockchain Infrastructure Alliance.
Avalanche is a layer-1 blockchain that aims to digitise the world’s assets on what is currently the fastest smart contracts platform in the industry. This year, it has seen a huge growth in activity by attracting developers to create a thriving decentralized finance ecosystem. It offers compatibility with the Ethereum Virtual Machine, meaning developers can seamlessly port applications from Ethereum. Avalanche makes launching DeFi applications simple and makes it possible to deploy customised blockchains that fit an application’s needs.
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