Alchemy and Privy Integrate to Simplify Onchain Finance Onboarding

Alchemy and Privy, two major crypto infrastructure providers, announced a technical integration on Tuesday designed to reduce friction points in onboarding users to onchain finance. The integration combines Privy's user onboarding experience with Alchemy's gasless transaction infrastructure, enabling developers to build onchain products with simplified user experiences, according to the announcement.

Integration Overview

The two companies are rolling out a unified stack that integrates complementary tools. As the firms stated: "By combining Privy's user onboarding with Alchemy's gasless transaction infrastructure, the two platforms together make it easier than ever for developers to build onchain products that feel as simple as the best online experiences."

Platform Capabilities

Alchemy's Role Alchemy is a blockchain technology layer that enables gasless transactions, allowing users to complete transactions without paying fees or holding a blockchain's native token. The platform abstracts away signatures, chain routing, and approvals, enabling users to complete transactions with a single click.

Privy's Role Privy, a non-custodial wallet infrastructure provider acquired by Stripe, powers onboarding through embedded wallets and the ability to sign in via email or social logins.

Problem Being Addressed

According to the announcement, using crypto currently involves multiple friction points. As Alchemy and Privy 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. They want to click a button and be done."

The companies stated that the integrated stack addresses this challenge: "Together, the integrated stack takes a user from first-time signup to completing a transaction without the friction points that typically deter mainstream adoption."