Alchemy Pay’s Expanding Network The project will deploy the zero-knowledge proofs and interoperability technology based on Ethereum Virtual Machines (EVMs). Therefore, users can secure, buy, and use USDT and USDC on Scroll through Alchemy Pay.
The primary targets of this development strategy are providing global clients and resolving issues in decentralized finance (DeFi). This new company allows them to buy these assets with incredibly diverse payment options, more than 50 currency types, and 173 other countries.
USDT and USDC support via Scroll
Scroll is a blockchain at the Layer-2 level, which Ethereum developers have developed. It is scalable, secure, and open-source. Moreover, It encapsulates the core values of Ethereum: participation, decentralization, and resistance to censorship. Auditability and credible neutrality are also the core values listed in Ethereum. With the help of Alchemy Pay Expanding Network, the coalition aims to promote the popularity of USDT and USDC among the users and developers by linking these to Scroll’s ecosystem. Consequently, the scroll ecosystem will finally be improved, thus attracting more people worldwide.
Alchemy Pay Expanding Network is available in 173 countries, and it allows the use of traditional payment. Methods like Visa, Mastercard, Apple Pay, and Google Pay. Alchemy Pay has applied for the licenses and has succeeded in various jurisdictions, including the USA, Canada, Indonesia, and Lithuania. Other than the broad utility of users in avoiding high transaction fees, Alchemy Pay now has 300 different payment channels available.
Alchemy Pay has added Scroll to its list of partners, which is a big decision. The need for transaction fees has disappeared from the payment options. Alchemy Pay is one of the organization’s objectives to increase money transfer and point-of-sale services. The more people who use popular cryptocurrencies, like USDT and USDC, FunFare plans to offer customers these coins, the more peace a crowd gets.
About Scroll
Scroll, one of the solutions in Ethereum’s scaling, is all about the security concern. Scroll is a new Layer-2 solution based on zkEVM, an abbreviation for Zero-knowledge Ethereum Virtual Machine. It tries to solve the issue of scalability that Ethereum is facing. Consider the mainnet of Ethereum as a highway full of cars. The Scroll processes transactions on-chain before bundling them to send for verifications in the mainnet so that their integrity remains intact.
This off-chain processing allows us to gain such things as a noticeable price reduction and speed increase in transactions by using zkEVM. To give the public proof of transactions carried out on the Scroll mainnet without giving all the data involved, zkEVM employs cryptography. It is Layer-2 and zkEVM-based technology is highly innovative. Yet, serving Ethereum’s mission to facilitate everyone’s participation in an unmanned future, Scroll will subsequently be a new navigator of Ethereum scaling and user-friendly experience.
FAQs
What is Scroll, and how does it support USDT and USDC?
Scroll is a Layer-2 blockchain that enhances Ethereum scalability and security, enabling the use of USDT and USDC through Alchemy Pay’s expanding network, thus improving the ecosystem.
How does Alchemy Pay enable global payments?
Alchemy Pay supports over 50 currencies and more than 300 payment channels, including Visa, Mastercard, Apple Pay, and Google Pay, making it accessible worldwide.
What is the significance of Scroll's Layer-2 solution?
Scroll uses zkEVM technology to process transactions off-chain, enhancing scalability, reducing transaction fees, and increasing transaction speed while maintaining Ethereum's security.
What are the benefits of using Alchemy Pay with Scroll?
By partnering with Scroll, Alchemy Pay eliminates transaction fees, offering faster, more affordable payments with popular cryptocurrencies like USDT and USDC, thus improving global financial access.
