Core Insights - dLocal has partnered with Alchemy Pay to enhance payment solutions in Latin America, starting with instant bank transfers in Argentina [1][4] - The collaboration aims to address significant challenges in the crypto industry, particularly in emerging markets, where users face slow transaction times and high fees [2][3] - By leveraging dLocal's local payment infrastructure, Alchemy Pay can offer faster and more localized payment options, improving user experience and facilitating easier transactions [3][5] Company Developments - dLocal's partnership with Alchemy Pay is a strategic move to expand its presence in the crypto payment ecosystem, focusing on emerging markets [1][5] - Alchemy Pay's offerings, including its On & Off-Ramp solution and Web3 Digital Bank, are enhanced through this collaboration, reinforcing its mission to connect crypto with traditional fiat currencies [4][5] - The initial operation in Argentina is expected to pave the way for future expansion across Latin America, democratizing access to the digital economy [4][5] Industry Context - The crypto industry is currently facing hurdles in integrating digital assets with traditional financial systems, particularly in emerging markets [2] - The global average cost of cross-border transactions exceeds 6%, highlighting inefficiencies in existing payment systems that hinder broader adoption of crypto [2] - dLocal's local fiat rails are positioned to reduce complexities in cross-border transactions, enabling more users to participate in both crypto and traditional payment ecosystems [3][5]

⚡️ NEW: Alchemy Pay partners with Swiss-regulated fintech @Fiat24Official to power its Web3 Digital Bank.Users can now open Swiss IBAN accounts & crypto-linked debit cards.[Brought to you by @Fiat24Official] https://t.co/62zkwlHvw9 ...