Alchemy Pay partners with Tether and Tether Gold for zero ramp fee

In a groundbreaking development in the world of cryptocurrency payments, Alchemy Pay (ACH) has announced another exclusive partnership with Tether and Tether Gold.

The announcement was shared via Alchemy Pay’s official X account, where the company expressed its excitement about the partnership.

The company has also rolled out new tutorials to assist users in navigating the process of using VND to purchase XAUT without incurring fees.

Zero ramp fee offer

Following the collaboration, Alchemy Pay users can load up on Tether Gold’s XAUT using Vietnamese Dong (VND) without any associated costs.

This limited-time offer aims to simplify the process of acquiring Tether Gold, a stablecoin backed by physical gold, which provides a stable store of value and appeals to a broader audience.

By removing the ramp fee, the collaboration will make it easier for Alchemy Pay users to transition from fiat to crypto, particularly in markets where VND is prevalent.

Besides the Tether and Tether Gold collaboration, Alchemy Pay has been actively expanding its crypto payment solutions across various platforms. Recent integrations include Algorand, Paysafe, and Telegram via the TON network.

On September 9, Alchemy Pay announced that they had brought crypto payments to Telegram with support from Ton Blockchain.

Before that, Alchemy Pay had announced support for USDT, USDC, and ALGO on the Algorand network, strengthening its mission of bridging traditional finance with crypto.

These expansions reflect the company’s strategic focus on broadening its reach and enhancing its service offerings in the evolving cryptocurrency landscape.

Alchemy Pay (ACH) price jumps

Following the news of this strategic partnership, Alchemy Pay (ACH) has seen a notable increase in its price.

As of the latest updates, ACH is priced at $0.01864, reflecting a 4.5% increase in the past 24 hours. Over the past week, the price has risen by 5.7%, although it has experienced a slight decrease over the past month and three months.

Notably, ACH has seen a significant 34.7% increase over the past year, highlighting the positive market reaction to recent developments.

The zero-ramp fee offer for converting VND to XAUT is expected to drive greater adoption and usage of these assets.

Coupled with Alchemy Pay’s ongoing efforts to expand its payment solutions, this development is set to have a lasting impact on both the company and the broader crypto community.