ALCHEMY PAY PARTNERS WITH IOTEX TO BRING THE IOTX TOKEN INTO THE GLOBAL PAYMENT NETWORK

Last updated: June 19, 2025, 18:57 | Written by: Vitalik Buterin

In a move poised to significantly broaden the accessibility of the IOTX token, IoTeX, the innovative blockchain platform focused on the Internet of Things (IoT), has announced a strategic partnership with Alchemy Pay (ACH), a leading provider of hybrid crypto-fiat payment solutions.This collaboration will integrate the IOTX token into Alchemy Pay’s expansive global payment network, enabling users worldwide to seamlessly buy, sell, and utilize IOTX with traditional fiat currencies. Through this integration, Cake Wallet users can now access Alchemy Pay s robust global payment network, spanning 173 countries and supporting 50 fiat currencies. Whether purchasing crypto with Visa, Mastercard, mobile wallets, local bank transfers, or converting digital assets back into fiat, users can enjoy a seamless, secure, and intuitiveThis partnership marks a pivotal step in bridging the gap between the crypto world and the mainstream financial system, providing a user-friendly on-ramp for individuals looking to participate in the IoTeX ecosystem.By leveraging Alchemy Pay's robust infrastructure, developers and decentralized applications (dApps) within the IoTeX network can now easily integrate on and off-ramp functionalities, opening doors to a wider audience and fostering greater adoption of IoT-focused blockchain solutions. The collaboration also takes into account enabling the customers to straightly buy IOTX (the native currency of IoTeX) with fiat currency on the ramp page of Alchemy Pay. Alchemy Pay noted a blog post to disclose the collaboration on Medium. In that post, it mentioned that the company s compatibility with the payment platforms like MasterCardThis collaboration underlines the commitment of both IoTeX and Alchemy Pay to drive innovation and accessibility within the blockchain space, setting the stage for a future where digital assets and traditional finance coexist harmoniously.

Enhancing IoTeX Ecosystem with Alchemy Pay's On and Off-Ramp Solutions

The core of this partnership lies in the integration of Alchemy Pay's on and off-ramp solutions into the IoTeX ecosystem.This integration provides a seamless and efficient way for users to convert between fiat currencies and IOTX, the native cryptocurrency of the IoTeX network.This enhanced accessibility is critical for attracting a wider user base and fostering the growth of the IoTeX platform.

Imagine a developer building a groundbreaking IoT application on IoTeX. Alchemy Pay, a world-leading crypto payment solution provider, has announced an exciting new partnership with Terminus.network and AEON, a Web3-transformed real-world payment network and a next-generation modular payment protocol. This collaboration marks a significant milestone in the advancement of crypto payments by allowing users to spend their digital assets at over 100,000 real-worldPreviously, onboarding users who were unfamiliar with cryptocurrency could be a significant hurdle.Now, with Alchemy Pay's integrated solution, these users can easily purchase IOTX directly with fiat currency using familiar payment methods like credit cards, mobile wallets, and bank transfers. A new collaboration has been announced between IoTeX (IOTX), the Internet of Things focused blockchain network and Alchemy Pay (ACH), the crypto-fiat hybrid payment solutions provider. Alchemy PayThis simplified onboarding process significantly reduces friction and encourages broader adoption of the developer's application.

What are On and Off-Ramps?

Understanding on and off-ramps is crucial to grasping the significance of this partnership.

On-Ramp: An on-ramp allows users to convert traditional fiat currencies (like USD, EUR, or JPY) into cryptocurrencies.
Off-Ramp: An off-ramp allows users to convert cryptocurrencies back into fiat currencies.

These functionalities are essential for bridging the gap between the traditional financial world and the world of cryptocurrencies, making it easier for new users to enter and exit the crypto market.

Buying IOTX with Fiat Currency: A Simplified Process

One of the most significant benefits of this partnership is the ability for users to directly purchase IOTX with fiat currency on Alchemy Pay's ramp page.This streamlined process eliminates the need for users to navigate complex cryptocurrency exchanges or use multiple platforms.Users can now acquire IOTX quickly and easily using their preferred fiat payment method.

This capability is particularly valuable for users who are new to the cryptocurrency space.The simplified process reduces the learning curve and makes it easier for them to participate in the IoTeX ecosystem.Consider a user who wants to purchase IOTX to participate in staking or governance.With Alchemy Pay, they can simply visit the ramp page, select their desired fiat currency, enter the amount of IOTX they want to purchase, and complete the transaction using their credit card or bank transfer.It's a quick, secure, and straightforward process.

Alchemy Pay: Bridging the Gap Between Crypto and Fiat

Alchemy Pay's role in this partnership is to provide the infrastructure and expertise needed to seamlessly connect the crypto and fiat worlds. The white label crypto card solution empowers businesses and token issuers to provide users with branded virtual or physical cards for instant global spending. The NFT checkout enables direct purchases of NFTs using fiat payment methods. ACH is Alchemy Pay s network token, available on Ethereum and BNB Chain.With support for over 300 payment channels in over 70 countries, Alchemy Pay boasts a vast network and a proven track record of facilitating secure and efficient crypto-fiat transactions.

Alchemy Pay’s compatibility with major payment platforms like Mastercard and Visa further enhances the accessibility of the IOTX token. Alchemy Pay, the world-leading fiat-crypto payment solution provider, is developing Alchemy Chain, a next-generation stablecoin-based payment blockchain designed to revolutionize global transactions. By aggregating mainstream stablecoins and locally-backed fiat stablecoins across multiple chains, Alchemy Chain creates a unified infrastructureThis allows users to leverage their existing payment methods to participate in the IoTeX ecosystem, removing a significant barrier to entry.

Alchemy Pay’s Key Features and Benefits:

Global Reach: Operates in over 70 countries with support for numerous local payment methods.
Extensive Payment Channels: Integrates with over 300 payment channels, including credit cards, mobile wallets, and bank transfers.
Seamless Integration: Provides easy-to-integrate APIs and SDKs for developers to incorporate on and off-ramp functionality into their applications.
Secure Transactions: Employs robust security measures to protect users' funds and data.
User-Friendly Interface: Offers an intuitive and easy-to-use interface for both individuals and businesses.

IoTeX: Powering the Internet of Things with Blockchain

IoTeX is a modular Web3 infrastructure platform connecting intelligent devices and real-world data to blockchains. Port3 Network is a unified artificial intelligence operation system. The core architecture is designed to simplify and consolidate all of the necessary infrastructure components to seamlessly facilitate the launch of any new AI-enabled application all while maintaining decentralization.Its focus is on creating a decentralized and secure ecosystem for the Internet of Things (IoT). Alchemy Pay partners with IoTeX to bring the IOTX token into the global payment network. By cointelegraph.com on Decem. A new collaboration has been announced between IoTeX (IOTX), the Internet of Things focused blockchain network and Alchemy Pay (ACH). Go to cointelegraph.comThe IOTX token is the native cryptocurrency of the IoTeX network and plays a crucial role in its operation.It is used to reward nodes for validating transactions and providing computational power, as well as to pay for services within the ecosystem.

By partnering with Alchemy Pay, IoTeX is taking a significant step towards making its platform more accessible to a global audience. The IOTX token, commonly known as iotex, serves as the native cryptocurrency of the IoTeX blockchain, playing a role similar to Ether (ETH) in Ethereum.It underpins a marketplace for computational power, ensuring that nodes who run the blockchain are financially motivated to validate and process transactions, as well as to supply the computational power required to execute smart contractsThis increased accessibility will foster greater adoption of IoTeX's technology and drive innovation in the IoT space.

Key Aspects of IoTeX:

Focus on IoT: Specifically designed for the Internet of Things, enabling secure and decentralized communication between devices.
Scalable and Secure: Built on a highly scalable and secure blockchain platform.
Decentralized Ecosystem: Fosters a decentralized ecosystem for IoT applications.
IOTX Token: The native cryptocurrency of the IoTeX network, used for various purposes within the ecosystem.
Web3 Infrastructure: Provides the necessary infrastructure for building Web3 applications related to IoT.

The Benefits of the Alchemy Pay and IoTeX Partnership

The partnership between Alchemy Pay and IoTeX offers numerous benefits to both platforms and their users:

Increased Accessibility: Makes it easier for users worldwide to buy, sell, and use IOTX.
Simplified Onboarding: Reduces friction for new users entering the IoTeX ecosystem.
Enhanced Liquidity: Increases the liquidity of the IOTX token.
Wider Adoption: Attracts a larger user base to both platforms.
Innovation in IoT: Drives innovation in the IoT space by making it easier for developers to build and deploy decentralized IoT applications.

This collaboration reinforces IoTeX's overall strength, attracts a larger base of global users, and paves the way for greater innovation in the intersection of blockchain and the Internet of Things.

Use Cases Enabled by the Partnership

The Alchemy Pay and IoTeX partnership unlocks a wide range of use cases, making it easier for individuals and businesses to leverage the power of decentralized IoT applications. IoTeX, the lightning-fast, ultra-secure, and highly scalable blockchain platform, has collaborated with Alchemy Pay to introduce an efficient solution for on and off-ramp services within the IoTeX ecosystem. By leveraging Alchemy Pay s plugin, developers and dApps on IoTeX can seamlessly integrate the on and off-ramp functionality, enabling users from across the globe to easily buy [ ]Here are a few examples:

Decentralized Energy Management: Imagine a decentralized energy grid powered by IoTeX.Users could easily purchase IOTX to pay for energy consumption, and energy providers could receive IOTX payments seamlessly.
Secure Supply Chain Tracking: Businesses could use IoTeX to track their supply chains and ensure the authenticity of their products. Today, Alchemy Pay is supported in over 70 countries with over 300 payment channels and has touchpoints with more than 2 million merchants through partnerships with industry leaders such as Binance, Shopify, NIUM, and QFPay. Alchemy Pay s token, ACH, is an ERC20 token issued on the Ethereum blockchain.Consumers could then purchase IOTX to verify the provenance of the products they are buying.
Smart Home Automation: Users could use IOTX to pay for smart home services and control their IoT devices. Alchemy Pay, a world-leading fiat-crypto payment gateway, has announced a strategic partnership with Paysafe (NYSE: PSFE), a leading payments platform. With this partnership, Alchemy Pay integrates Paysafe s Skrill, NETELLER, and multiple local payment methods into its Fiat On-ramp offering, enhancing convenience and accessibility for global users, particularly across European markets.This could include things like adjusting the thermostat, controlling the lights, or monitoring security cameras.
Decentralized Data Marketplaces: Individuals could monetize their IoT data by selling it on a decentralized marketplace powered by IoTeX. Alchemy Pay Partners with Xverse and Onramper to Power Seamless Fiat On-Ramp for the Next Generation of Bitcoin Users Alchemy PayBuyers could then purchase IOTX to access and use this data.

These are just a few examples of the many possibilities that this partnership unlocks. This partnership between Alchemy Pay and IoTeX will further reinforce IoTeX s overall strength, attract and onboard a larger base of global users. About IoTeX. IoTeX is a modular Web3 infrastructure platform connecting intelligent devices and real-world data to blockchains.As the IoTeX ecosystem continues to grow, we can expect to see even more innovative use cases emerge.

Addressing Common Questions

Here are some frequently asked questions about the Alchemy Pay and IoTeX partnership:

What is the ACH token used for?

The ACH token is the native utility token of the Alchemy Pay network. Crucial payment support for Web3 is here. Enable your users to buy and sell digital assets with fiat currencies on your platform. Empower your project for global adoption.It is used for various purposes, including:

Transaction Fees: Paying for transaction fees on the Alchemy Pay network.
Rewards: Rewarding users for participating in the network.
Lowering Transaction Costs: Holding ACH tokens can reduce transaction costs.
Onboarding: Business partners pledge ACH tokens during the onboarding process.

How does this partnership benefit developers?

This partnership makes it easier for developers to onboard new users to their IoT applications built on IoTeX.By integrating Alchemy Pay's on and off-ramp solutions, developers can provide a seamless and user-friendly way for users to purchase IOTX and participate in their applications.

Is Alchemy Pay a secure platform?

Yes, Alchemy Pay employs robust security measures to protect users' funds and data. The IoTeX ecosystem strikes again in its quest to bring DePIN to everyone! Switch Electric and Drop Wireless, long term members of the IoTeX ecosystem, are partnering up to enable Switch Electric's sustainable and decentralized energy initiative through the establishment of LoRaWAN coverage in underserved regions of Sub-Saharan Africa.The platform uses industry-standard encryption and security protocols to ensure the safety of all transactions.

What countries are supported by Alchemy Pay?

Alchemy Pay supports payments in over 70 countries and continues to expand its reach.The platform is committed to providing global accessibility to its services.

The Future of Crypto Payments and the Internet of Things

The partnership between Alchemy Pay and IoTeX represents a significant step forward in the convergence of crypto payments and the Internet of Things. ACH Token ; Blog; Global Ambassador Program ; IOTX - IoTeX. IP - STORY. IQ - Ethereum (ERC20) Alchemy Pay Partners with Ethena to Enable Seamless On-Ramp forBy making it easier for users to buy, sell, and use IOTX, this collaboration will drive greater adoption of the IoTeX platform and foster innovation in the IoT space.As the world becomes increasingly interconnected, we can expect to see even more partnerships like this emerge, paving the way for a future where digital assets and traditional finance coexist seamlessly.

The potential of combining blockchain technology with the Internet of Things is immense. At present, 100 crypto currencies can be purchased by using our On-Ramp products. If the crypto currency you need is not found in this list, please send email to and kindlyFrom decentralized energy grids to secure supply chain tracking, the possibilities are virtually endless. Alchemy Pay (ACH) is the ERC20 incentivising utility token issued on the Ethereum blockchain. It is integral to the Alchemy Pay network. It is used for transaction fees, rewards for network use, lowering transaction costs, and it is pledged by business partners during the onboarding process.By providing the necessary infrastructure and tools, Alchemy Pay and IoTeX are empowering developers and businesses to build the next generation of IoT applications.

Conclusion: A Powerful Partnership for the Future

The collaboration between Alchemy Pay and IoTeX is a game-changer for both platforms. Blockchain A substantially scalable, secure, and rapid blockchain platform named IoTeX has started a partnership with the Web3-focused payment services providing platform Alchemy Pay. As included in the collaboration, the on and off-ramp payment solution of Alchemy Pay is to be launched by IoTeX in its ecosystem. IoTeX Provides On and Off-Ramp Solutions of AlchemyBy integrating the IOTX token into Alchemy Pay's global payment network, the partnership significantly enhances accessibility, simplifies onboarding, and fosters greater adoption of IoTeX's innovative blockchain technology. Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. Products On and Off RampsThis strategic alliance not only strengthens IoTeX's position as a leading platform for decentralized IoT applications but also reinforces Alchemy Pay's commitment to bridging the gap between the crypto world and traditional finance. Alchemy Pay s on off ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The white label crypto card solution empowers businesses and token issuers to provide users with branded virtual or physical cards for instant global spending.The key takeaways are:

IOTX token now accessible globally through Alchemy Pay's network.
Simplified process for buying IOTX with fiat currencies.
Enhanced on and off-ramp solutions for the IoTeX ecosystem.
Increased liquidity and wider adoption for both platforms.
Potential for greater innovation in the intersection of blockchain and IoT.

This partnership marks a significant milestone in the advancement of crypto payments and the development of a more interconnected and decentralized future.As the IoTeX ecosystem continues to grow and Alchemy Pay expands its global reach, we can expect to see even more exciting developments and innovative use cases emerge.Consider exploring the IoTeX platform and Alchemy Pay's services to discover how you can participate in this exciting new era. Alchemy Pay and MiniPay Partner to Unlock Seamless Fiat On Off-Ramp Access for Everyday Stablecoin Use Alchemy Pay Integrates On Off-Ramp with XT, Enhancing Global Crypto Accessibility Alchemy Pay Expands in Australia's Crypto Payment Market with PayID SupportYou can visit their respective websites or follow them on social media for the latest updates and announcements.