The tie-up of Neo and Alchemy is perhaps one of the biggest news to hit the crypto market. There are several reasons behind that. But first, we have to understand what these two services are. Neo is one of the biggest open-source blockchain development platforms in the whole wide world. It is also considered an industry leader by many crypto experts. On the other hand, Alchemy Pay or ACH is a hybrid payment solutions provider. They connect crypto and fiat currencies. This, in turn, lends even more credibility to cryptocurrencies. By extension, Alchemy Pay also makes crypto trustable for those who are just getting into crypto trading.
After both of these organizations/service-providers collaborate, they will join Blockchain Infrastructure Alliance. This collaboration will allow crypto owners to make use of their cryptocurrency in commercial ecosystems.
What does it mean for the Spenders of NEO tokens?
For owners of NEO tokens, this is big news. This collaboration will allow them to transact on e-commerce websites like Shopify and Arcadier. Spending one’s cryptocurrency in the current scenario is a bit of a tricky process. However, with this collaboration, owners of NEO tokens will be able to purchase products and make use of NEO tokens as legal tender. As almost everything is going digital these days, most of all shopping, most NEO token owners will welcome this collaboration with open hands.
Apart from that, everything will be regulated by a variety of organizations after the collaboration. So, the customers won’t have to worry about much.