Enhancing Bitcoin Usability
In a significant move to enhance Bitcoin’s usability, Alchemy Pay has teamed up with Yala, a pioneering liquidity protocol focused on Bitcoin, to expand the practical applications of Bitcoin payments and stable yield opportunities. This partnership aims to facilitate the introduction of the Yala Yeti Card, designed to allow users to effortlessly utilize their $YU yield in everyday transactions at millions of merchants around the globe—both online and in-store—while maintaining direct access to their Bitcoin-backed liquidity and earnings.
The Yala Yeti Card
The Yala Yeti Card will enable holders of $YU, a liquidity token generated via Yala’s protocol, to engage in everyday spending, effectively transforming on-chain yield into accessible financial resources for daily life. Alchemy Pay’s extensive payment network will play a pivotal role in allowing users to transact with $YU in various settings, including cafes, retail shops, and e-commerce websites.
Fiat Integration and User Accessibility
Furthermore, Alchemy Pay has integrated its fiat on and off-ramp services to facilitate the purchasing and selling of $YU using traditional currencies and common payment methods like Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallets, and bank transfers. This integration aims to simplify the onboarding process for new users, offering an intuitive and regulated pathway to access the Yala ecosystem and engage with decentralized finance (DeFi).
Global Infrastructure and Compliance
Alchemy Pay’s robust infrastructure, operating across 173 countries and supporting over 300 fiat payment channels, converts the $YU token from merely a yield-bearing asset into a liquid financial instrument connected with global commerce. The company emphasizes its commitment to regulatory compliance, holding vital licenses to operate in regions such as the United States, Canada, United Kingdom, Australia, Europe, Korea, and Indonesia, ensuring safe and reliable services for users and partners alike.
Collaboration Impact
By merging Yala’s decentralized Bitcoin liquidity capabilities with Alchemy Pay’s comprehensive payment solutions, this collaboration enhances the potential of the $YU token. It positions $YU as an effective medium between Bitcoin-centric decentralized finance and tangible economic spending, ultimately enhancing financial access and utility.
The joint efforts of Alchemy Pay and Yala are poised to foster a new era of financial sovereignty, capital efficiency, and real-world utility for Bitcoin users.
About Yala
Yala stands out as a Bitcoin liquidity protocol that enables BTC holders to access yield opportunities throughout the realms of DeFi and real-world assets (RWAs). By minting $YU, a liquidity asset backed by Bitcoin, users can unlock financial capital while retaining ownership. They incur a stability fee directly benefiting $YU depositors, thus facilitating a seamless exchange of Bitcoin-backed value into efficient liquidity and yield access.
About Alchemy Pay
Established in 2017, Alchemy Pay is a pioneering payment gateway that integrates crypto transactions with established fiat currencies globally for businesses, developers, and consumers. Offering services such as On & Off-Ramp solutions, a Web3 Digital Bank, and NFT Checkout, Alchemy Pay operates in 173 countries, making it easier for users to buy and sell cryptocurrencies and invest in tokenized RWAs, thereby democratizing access to conventional financial tools. Their NFT Checkout function also allows users to purchase NFTs directly through fiat payments, while the ACH token operates on the Ethereum blockchain to facilitate transactions within their network.
