"dLocal and Alchemy Pay Democratize Crypto in Argentina via Local Payment Breakthrough"

dLocal (NASDAQ: DLO), a payments platform connecting global merchants to emerging markets, has deepened its collaboration with Alchemy Pay, a crypto-fiat payment gateway, to expand instant bank transfers across Latin America, starting with Argentina, according to a FinanceFeeds report. The partnership aims to address persistent challenges in crypto adoption, such as high cross-border fees, slow transaction times, and complex onboarding processes, by leveraging dLocal's localized payment infrastructure and Alchemy Pay's crypto-fiat conversion tools, as described in a dLocal press release.

The global average cost of cross-border transactions exceeds 6%, underscoring inefficiencies in traditional financial systems, the FinanceFeeds piece noted. By integrating dLocal's local bank rails with Alchemy Pay's On & Off-Ramp solution, users in Argentina can now purchase cryptocurrencies and settle transactions in local currency with reduced costs and faster processing times, according to an Alchemy Pay blog. This approach eliminates the need for cross-border intermediaries, enabling seamless fiat-crypto conversions while dLocal handles USD settlements, the company's press release added.

"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," said Ailona Tsik, CMO of Alchemy Pay, in comments reported by FinanceFeeds. The partnership also enhances Alchemy Pay's existing offerings, including its Web3 Digital Bank, NFT Checkout, and RWA investment platform, which now benefit from localized payment options, the Alchemy Pay blog noted.

The initiative targets Argentina, a rapidly growing crypto market, with plans to expand across Latin America. Hamish Johnston, dLocal's Crypto Vertical Lead for EMEA and APAC, emphasized that the collaboration "tackles a key challenge in the crypto ecosystem: providing fast, secure, and reliable on-ramps," according to dLocal's announcement. dLocal's "One dLocal" model—one API, one platform, one contract—enables global companies to navigate emerging markets without managing fragmented local processors, a strategic advantage for Alchemy Pay's regional growth, as reported in a MyTokenCap article.

The partnership aligns with broader trends in financial technology, where embedding localized payment solutions into crypto ecosystems is seen as critical for mainstream adoption, as Crowdfund Insider observed. For Argentina's users, the move democratizes access to digital assets by offering familiar, low-friction payment methods, a point also highlighted by MyTokenCap.

Looking ahead, the collaboration sets the stage for further expansion into other Latin American markets, where crypto adoption is accelerating. By bridging traditional and decentralized finance, dLocal and Alchemy Pay aim to foster a more inclusive digital economy, particularly in regions where underbanked populations stand to benefit from accessible financial tools, the Alchemy Pay blog suggested.