Pana Expands US–Latin America Payments Using Alchemy Blockchain Stack

Alchemy has drawn attention to its collaboration with Pana, a fintech company specializing in cross-border payments between the United States and Latin America, to demonstrate how blockchain infrastructure can operate at scale in the global remittance market. The payments corridor linking the US and Latin America is widely estimated to handle around 130 billion dollars in annual flows, making it one of the most significant remittance routes worldwide.

In outlining the partnership, Alchemy presented itself as the core blockchain infrastructure provider supporting Pana’s platform. Pana has reportedly grown quickly, reaching roughly 200,000 users in less than six months by incorporating stablecoins into its payment model. This rapid growth, however, was said to have exposed several technical and operational hurdles in the early stages.

The company indicated that Pana initially struggled with limitations tied to public remote procedure call providers, which could be inconsistent in performance. It also faced the burden of maintaining self-hosted nodes, which required significant engineering resources. Additional friction emerged from gas fees that complicated the user experience, while technical maintenance demands diverted focus from product development and business growth. These issues collectively created pressure on Pana’s ability to scale smoothly.

Shift to Production-Grade Infrastructure

Alchemy explained that Pana later transitioned to its production-level blockchain infrastructure to overcome those challenges. This setup included high-availability RPC services designed to support real-time balance visibility and transaction tracking. The infrastructure also enabled gasless transactions, allowing Pana to cover network fees on behalf of users and thereby reduce customer friction. Alchemy further stated that its system maintained an uptime level of 99.99 percent, contributing to consistent service reliability.

With these tools in place, Pana was described as being able to handle tens of thousands of transactions per day while maintaining favorable unit economics. The infrastructure was also portrayed as supporting faster expansion into new remittance corridors beyond its initial markets. By lowering technical complexity and improving performance, the arrangement allowed Pana’s team to concentrate more on product features and customer acquisition rather than backend maintenance.

Implications for Investors and the Industry

From an investment perspective, the case illustrates how blockchain infrastructure providers can position themselves as foundational layers for high-volume financial technology applications. The example suggests that reliable infrastructure, combined with lower operational overhead, can make blockchain more practical for consumer-facing payment services. This positioning may strengthen Alchemy’s appeal to other fintech firms and large enterprises exploring blockchain-based payments.

The emphasis on gasless transactions and largely invisible backend systems reflects a broader movement within the blockchain sector toward simplifying the user experience. Many industry participants see abstraction of blockchain complexity as a key step toward mainstream adoption. If additional remittance and payment providers adopt similar models, the potential customer base for infrastructure providers like Alchemy could expand.

At the same time, the information shared about the partnership has largely promotional characteristics. No specific financial figures, revenue data, or contract details have been disclosed. As a result, outside observers have limited visibility into the direct commercial impact of the deal.

Even so, the collaboration signals momentum in applying blockchain to real-world financial services, particularly in remittances. Demonstrated use in a large and active payments corridor may enhance Alchemy’s competitive position among infrastructure firms seeking to serve practical financial applications. Overall, the partnership highlights how stablecoins and scalable infrastructure are increasingly being tested in everyday payment scenarios, pointing to gradual but meaningful progress in blockchain-based finance.

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