dLocal Partners With Alchemy Pay to Streamline Crypto-to-Fiat Payments in Latin America

dLocal (NASDAQ: DLO), the leading payment platform connecting global merchants to emerging markets, today announced a partnership with Alchemy Pay, a payment gateway that seamlessly connects crypto with traditional fiat currencies. The collaboration leverages dLocal’s local payment infrastructure to support Alchemy Pay’s expansion in Latin America, starting with instant bank transfers in Argentina.

The crypto industry faces significant hurdles in bridging the gap between digital assets and traditional financial systems, especially in emerging markets. Users often encounter slow transaction times, high fees, and complex processes when trying to purchase cryptocurrency with local fiat currency. The global average cost of a cross-border transaction is over 6%, a figure that highlights the inefficiencies present in legacy payment rails.This friction creates a significant barrier to entry for users and hinders broader adoption and growth across the entire crypto and fiat payment ecosystem.

To solve these challenges, dLocal is providing local fiat rails that allow AlchemyPay to offer crypto purchases to its Argentine users quickly and efficiently using local bank transfers. By integrating with dLocal’s platform, Alchemy Pay further enhances its on and off-ramp capabilities, adding faster and more localized payment options while reducing the complexities of cross-border transactions. The solution ensures users can complete transactions with ease, while dLocalmanages cross-border settlement in USD.

This alliance improves Alchemy Pay’s offerings, which include its On & Off-Ramp solution, Web3 Digital Bank, NFT Checkout, and its newly launched RWA investment platform. It reinforces its mission to connect crypto with traditional fiat currencies for businesses, developers, and end users worldwide.The initial operation in Argentina lays the groundwork for future expansion across Latin America, helping democratize access to the digital economy throughout the region.

“Our collaboration with dLocal is a critical step in our mission to bridge the fiat and crypto worlds,” said Ailona Tsik, CMO at Alchemy Pay. “By integrating dLocal’s robust local payment solutions, we can provide our users in Argentina with a fast, reliable, and familiar way to purchase digital assets, eliminating the friction that has long been a challenge in the industry. We look forward to expanding this solution across Latin America.”

“We are proud to partner with Alchemy Pay to drive their growth across emerging markets, leveraging our expertise in cross-border payments to tackle a key challenge in the crypto ecosystem: providing fast, secure, and reliable on-ramps,” said Hamish Johnston, Crypto Vertical Lead – EMEA and APAC at dLocal. By providing local payment solutions, we are enabling more users to participate seamlessly in both crypto and traditional payment ecosystems, while empowering Alchemy Pay to expand its presence across Latin America.”