Gate News message, April 29 — Alchemy and Privy, two major crypto infrastructure providers, announced on Tuesday a technical integration designed to streamline user onboarding into onchain finance. The collaboration combines Privy’s user-friendly onboarding experience with Alchemy’s gasless transaction infrastructure, enabling developers to build onchain products with minimal friction.
Alchemy is a widely adopted blockchain technology layer that enables gasless transactions, allowing users to avoid paying transaction fees or holding a blockchain’s native token. The platform abstracts away signatures, chain routing, and approvals, letting users complete transactions with a single click. Privy, a non-custodial wallet infrastructure provider acquired by Stripe, powers onboarding through embedded wallets and sign-in options via email or social logins.
The integration addresses key pain points that deter mainstream adoption. As the companies noted, users typically encounter friction at multiple stages—from signup to transaction signing—which can drive drop-off and erode trust. The integrated stack eliminates the need for users to understand seed phrases, gas tokens, or chain IDs. The move comes amid rising interest in onchain finance, including tokenized versions of traditional products like money market funds and privately-issued stablecoins.
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