dLocal and Alchemy Pay Partner for Crypto-to-Fiat Payments Across Latin America
dLocal (NASDAQ: DLO), a leading payments platform connecting global merchants to emerging markets, has announced a strategic partnership with Alchemy Pay, the global payment gateway linking crypto and traditional fiat systems. The collaboration leverages dLocal’s extensive local payment infrastructure to support Alchemy Pay’s expansion in Latin America, beginning with instant bank transfers in Argentina.
The partnership aims to address one of the largegest barriers in digital asset adoption — the disconnect between blockchain-based finance and local financial systems. By combining dLocal’s local payment rails with Alchemy Pay’s crypto-fiat infrastructure, users in Argentina can now purchase cryptocurrencies and complete settlements rapidly, securely, and at lower costs using local bank transfers.
“Our collaboration with dLocal is a critical step in our mission to bridge the fiat and crypto worlds,” said Ailona Tsik, CMO of Alchemy Pay. “By integrating dLocal’s robust local payment answers, we can provide our users in Argentina with a quick, 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 answer across Latin America.”
Takeaway
Addressing Barriers in Crypto Payments
The crypto industry continues to struggle with sluggish transaction times, high fees, and complex onboarding processes when bridging digital assets with local fiat systems — particularly in emerging markets. The global average cost of a cross-border transaction exceeds 6%, underscoring the inefficiency of traditional financial rails and the need for .
Through this collaboration, dLocal’s local fiat infrastructure will power Alchemy Pay’s On & Off-Ramp answer, enabling instant, low-cost crypto purchases and withdrawals. The system supports real-time bank transfers in Argentina and will expand to additional markets in the near future. dLocal manages cross-border settlements in USD, allowing Alchemy Pay to offer localized payment experiences without the complexity of international banking operations.
“We are proud to partner with Alchemy Pay to drive their growth across emerging markets,” said Hamish Johnston, Crypto Vertical Lead – EMEA and APAC at dLocal. “By leveraging our expertise in cross-border payments, we are tackling a key challenge in the crypto ecosystem: providing quick, secure, and reliable on-ramps. This partnership enables more users to participate seamlessly in both crypto and traditional payment ecosystems.”
Takeaway
Expanding Crypto Access Across Latin America
The partnership begins in Argentina, one of Latin America’s quickest-growing crypto markets, and sets the foundation for broader regional expansion. Future rollouts will target other key markets where crypto adoption is accelerating and regulatory clarity is improving. The initiative aims to democratize access to the digital economy by offering quicker, securer, and more familiar on- and off-ramp payment experiences.
Alchemy Pay’s offerings — including its Web3 Digital Bank, NFT Checkout, and RWA investment platform — will benefit from localized payment answers that eliminate friction between . The result is a simplified user experience for developers, businesses, and consumers alike.
By combining their strengths, dLocal and Alchemy Pay are positioning themselves at the forefront of the convergence between traditional and decentralized finance, paving the way for a more inclusive and efficient across emerging economies.
