MultiBit, a bridge between EVM and bitcoin, has incorporated Alchemy Pay’s On-Ramp solution on its platform. This integration is designed to enhance user convenience by allowing them to use their preferred fiat payment methods to acquire $MUBI tokens on MultiBit’s platform. Additionally, the $MUBI token is now integrated into Alchemy Pay’s fiat On-Ramp.
As a cross-bridge for BRC20, MultiBit’s goal is to eliminate interoperability issues between BRC20 and Ethereum-based tokens. MultiBit Bridge aims to serve the Bitcoin ecosystem, facilitate value exchange across different networks through cross-chain techniques, expand user opportunities for economic actions, and simplify the process of transferring BRC20 tokens across various networks.
By leveraging Alchemy Pay’s direct-to-customer solution, MultiBit facilitates its token purchase using local currencies, providing a user experience similar to transactions on popular e-commerce platforms like Amazon or eBay.
Alchemy Pay, a specialist in the crypto payments industry, has made significant contributions to bridging the gap between cryptocurrencies and mainstream accessibility by facilitating fiat payments for crypto and Web3 services. With a vast network of over 300 fiat payment channels, Alchemy Pay can support fiat-crypto purchases in 173 countries, using a wide range of payment methods. These ramps are easily integrated on platforms such as DeFi protocols, NFT marketplaces, and exchanges, and enable direct purchase of crypto via credit and debit cards, mobile wallets, and bank transfers.
Alchemy Pay actively seeks and obtains licenses to operate payment services in various countries, including the United States, Canada, Indonesia, and Lithuania. In the last three months, Alchemy Pay has achieved a series of successes by obtaining Money Transmitter Licenses in both Arkansas and Iowa, highlighting its competence and payment abilities in the crypto payment industry. Alchemy Pay’s efforts have also gained recognition from prominent entities like Visa and Mastercard, who officially authorized Alchemy Pay as their third-party payment service provider.
According to Multibit Bridge, it offers a secure and efficient bridging mechanism to allow for seamless cross-network transfers of tokens between the ETH chain, BNB chain, and BTC network. By bridging ERC20 tokens with BRC20 tokens, the Multibit Bridge enhances the liquidity of BRC20 tokens and promotes the growth and development of the Bitcoin ecosystem.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | 🇺🇸 🇨🇦 🇮🇩 🇱🇹 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Amazon, Mastercard, MultiBit, Visa, Alchemy Pay, eBay |
| Currencies | Bitcoin, BRC on the ERC, erc20 tokens, Ethereum, TokenFi |
| Securities | None |
