dLocal and Alchemy Pay Empower Crypto Adoption in Argentina with Innovative Local Payment Solution
- dLocal and Alchemy Pay expand instant bank transfers in Argentina via localized crypto-fiat solutions, targeting high cross-border fees and slow transactions. - The partnership integrates dLocal's local payment infrastructure with Alchemy Pay's On & Off-Ramp tools to enable low-cost, fast fiat-crypto conversions without intermediaries. - Argentina's growing crypto market benefits from familiar payment methods, democratizing digital asset access while dLocal handles USD settlements. - The "One dLocal" mod
dLocal (NASDAQ: DLO), a payment platform that links international merchants with emerging markets, has strengthened its partnership with
FinanceFeeds highlighted that the worldwide average fee for cross-border payments surpasses 6%, revealing inefficiencies in conventional banking systems. Through the integration of dLocal’s domestic banking infrastructure and Alchemy Pay’s On & Off-Ramp service, people in Argentina are now able to buy cryptocurrencies and complete transactions in their local currency at lower costs and with quicker settlement, as detailed in an
"By leveraging dLocal’s advanced local payment solutions, we can offer our Argentinian users a swift, dependable, and familiar way to acquire digital assets," stated Ailona Tsik, Alchemy Pay’s CMO, in remarks cited by FinanceFeeds. The alliance also strengthens Alchemy Pay’s suite of services, such as its Web3 Digital Bank, NFT Checkout, and RWA investment platform, all of which now benefit from localized payment support, according to the Alchemy Pay blog.
This initiative is initially focused on Argentina, a fast-growing hub for crypto, with intentions to reach additional Latin American countries. Hamish Johnston, dLocal’s Crypto Vertical Lead for EMEA and APAC, pointed out that the partnership "addresses a fundamental issue in the crypto space: delivering fast, secure, and trustworthy on-ramps," as stated in dLocal’s release. The "One dLocal" approach—one API, one platform, one agreement—lets global businesses access emerging markets without the hassle of dealing with multiple local processors, providing a strategic edge for Alchemy Pay’s expansion in the region, as mentioned in a
This collaboration reflects broader shifts in fintech, where integrating local payment methods into crypto platforms is increasingly seen as essential for widespread adoption, as noted by
Looking forward, the partnership is expected to pave the way for further growth into other Latin American markets, where the uptake of crypto is on the rise. By connecting traditional financial systems with decentralized finance, dLocal and Alchemy Pay aim to promote a more inclusive digital economy, especially in areas where underserved populations can benefit from accessible financial services, as suggested by the Alchemy Pay blog.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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