Gate News message, April 28 — Alchemy and Privy, two major crypto infrastructure providers, announced a technical integration on Tuesday to streamline the onboarding experience for onchain finance applications. The collaboration combines Privy’s user onboarding capabilities with Alchemy’s gasless transaction infrastructure, enabling developers to build onchain products with reduced friction points.
Alchemy’s technology enables gasless transactions so users avoid paying transaction fees or holding blockchain native tokens. It also abstracts away signatures, chain routing, and approvals, allowing 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 in mainstream crypto adoption. As the companies noted, “When users are moving money, every point of friction, from signup to signing a transaction, can drive drop-off and erode trust. They don’t want to think about seed phrases, gas tokens, or chain IDs.” The move reflects growing interest in onchain finance, including tokenized money market funds and privately-issued stablecoins.
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