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Alchemy Pay Adds Support for Bittensor’s TAO Token

Alchemy Pay has added support for TAO, the native token of the Bittensor network, allowing users to buy the token directly with fiat currencies through its global on-ramp service.

The integration gives users access to TAO through Alchemy Pay’s payment network, which supports more than 50 fiat currencies across 173 countries. Payments can be made using Visa, Mastercard, Apple Pay, Google Pay, local mobile wallets, and bank transfers.

Bittensor is a decentralized network where participants contribute computing power and other digital resources, including AI training, inference, data storage, and financial prediction models. Contributors are rewarded with TAO for providing those services.

Buying AI crypto with fiat is becoming easier

Alchemy Pay has been expanding its fiat payment services by adding support for more blockchain networks and tokens while securing regulatory approvals in several markets. The company currently holds 18 U.S. Money Transmitter Licenses and operates under regulatory approvals in Europe, the United Kingdom, Australia, and parts of Southeast Asia.

For Bittensor, direct fiat purchases remove one of the biggest barriers for newcomers, who previously had to buy another cryptocurrency before converting it into TAO.

TAO is becoming one of the most-watched AI tokens

Unlike many AI-themed crypto projects that focus on chatbots or software tools, Bittensor rewards people who contribute computing resources and AI models to a decentralized network. That has helped TAO stand out as demand for AI infrastructure continues to grow.

The project has also attracted attention because it sits at the intersection of two fast-growing markets which are artificial intelligence and decentralized networks. Instead of relying on a single company to build AI infrastructure, Bittensor distributes that work across independent participants who earn TAO for their contributions.

As more AI applications require greater computing power, projects that connect infrastructure providers with developers could become increasingly important. Making TAO easier to buy with everyday payment methods gives Bittensor a better chance of reaching users outside the traditional crypto trading community.

Additionally, Alchemy Pay recently expanded its institutional reach by joining the Mastercard Crypto Partner Program and securing money transmitter licenses across multiple jurisdictions, bolstering the network’s off-ramp capabilities in 173 countries.

 

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