MultiBet, a two-directional bridge between EVM and Bitcoin, has integrated Alchemy Pay’s on-ramp service onto its website. This will benefit the users and allow them to easily use their selected fiat payment systems to obtain the $MUBI token on MultiBit’s platform. Additionally, the $MUBI token has been incorporated within Alchemy Pay’s fiat on-ramp.
Being the initial cross-bridge for BRC20, MultiBit intends to eliminate interoperability obstacles amongst BRC20 and Ethereum-oriented tokens. The goal of MultiBit Bridge is to be a solution provider to the Bitcoin ecosystem as well as activate value exchange throughout various networks through cross-chain mechanisms. Added to that is widening user options for economic activities and easing the procedure of shifting BRC20 tokens throughout multiple networks. MultiBit initiates token buying with the utilization of local currencies.
Alchemy Pay, a prominent figure in the crypto payments sector, has played a crucial role in facilitating fiat payments for crypto and Web3 services, thereby bridging the blockchain’s accessibility divide.
Alchemy Pay facilitates fiat-cryptocurrency transactions in 173 countries with its vast network of more than 300 fiat payment channels. This is achieved through the implementation of various payment mechanisms. Buying cryptocurrency with a mobile wallet, a credit or debit card, or a bank transaction is made possible by the ramps’ smooth integration with platforms like DeFi protocols, NFT marketplaces, and exchanges.
Alchemy Pay obtains certifications to operate payment services in several countries, including the United States, Canada, Indonesia, and Lithuania, to promote greater adoption of cryptocurrencies. The organization has obtained Money Transmitter Licenses in both Iowa and Arkansas over the past three months. The issue has attracted the attention of Visa and Mastercard, two intermediary payment solution providers that Alchemy Pay is a representative of.
MultiBit Bridge provides a safe and effective bridging system for easy cross-chain transfer of tokens amongst the ETH chain, the BNB chain, and the BTC network. By linking BRC20 tokens with ERC20 tokens, the MultiBit Bridge improves the liquidity of BRC20 tokens and propels the growth of the Bitcoin ecosystem.