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Cryptocurrency News Articles

Alchemy Pay Integrates With Chiliz Chain to Bring Fiat-Crypto Payments to Sports and Entertainment

Jul 10, 2024 at 08:30 pm

In a significant development for the cryptocurrency and sports entertainment sectors, Alchemy Pay, a global leader in fiat-to-crypto payment solutions, has announced its integration with Chiliz Chain, a prominent blockchain platform tailored for the sports and entertainment industries.

Cryptocurrency payment solution provider Alchemy Pay has announced its integration with Chiliz Chain, a blockchain platform for the sports and entertainment industries.

This integration will allow users to purchase Chiliz's (CRYPTO: CHZ) native token and 13 fan tokens linked to various sports teams using traditional payment methods.

Alchemy Pay will be featured on the Chiliz Chain Ecosystem page within the Developer Docs and will also have a prominent presence on the Chiliz Chain website, where it will provide direct ramp access.

The initial integration includes fan tokens such as ACM, ARG, ATM, among others, with future expansions planned for additional tokens like JUV and ASR.

Chiliz is a blockchain platform that creates fan tokens for sports teams, allowing fans to engage with their favorite clubs in new ways.

The platform has partnered with several major sports brands, including FC Barcelona and Manchester City, and its CHZ token is used to power platforms like Socios.com and the broader Chiliz ecosystem.

This integration with Alchemy Pay will allow users to purchase CHZ and fan tokens using traditional payment methods like Visa, Mastercard, and local banking solutions.

The partnership aims to expand the utility and reach of Chiliz's offerings, catering to diverse user preferences across 173 countries with Alchemy Pay's fiat-to-crypto payment gateway.

This collaboration will enhance the fan experience by facilitating their support for sports entities in the digital realm.

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