Alchemy Pay

Alchemy Pay

ACH
$0.030935049%-1.48

Key Metrics

Price$0.030935049
Real Volume (24H)$24,284,324.22
Marketcap$238,506,536.46
Fully Diluted Valuation$82,771,592
ATH$0.198666
ATH Date8/6/2021, 7:39:58 PM
ATL$0.00135537
ATL Date7/21/2021, 3:39:36 AM
Circulating Supply4.9B
Total Supply10B
Popularity Rank288
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What is Alchemy Pay?

Alchemy Pay, or ACH, is a revolutionary payment system that aims to bridge the gap between traditional and cryptocurrency economies. The platform offers integrated gateway solutions for merchants, developers, and financial institutions, making it easy for consumers and businesses to access and utilize crypto payments in their day-to-day transactions.

One of the key issues that Alchemy Pay addresses is the complexity of traditional payment methods. The current system involves multiple intermediaries, each of whom charges a fee for their services. This not only increases the cost of transactions, but also poses security and privacy concerns. Additionally, since most people are accustomed to making payments in traditional currencies, cryptocurrency is not widely accepted in day-to-day transactions.

Alchemy Pay believes that a gradual transition to a decentralized world is more practical than completely replacing traditional payments with crypto. The platform aims to achieve this by providing a hybrid solution that is easy to use, allowing individuals and businesses to access blockchain services and value through traditional currency, and access traditional finance services through cryptocurrency.

The core service of Alchemy Pay is an all-in-one payment network for businesses. The platform allows users to make payments via traditional mobile wallets, cryptocurrencies, and credit cards, in any system: offline, online, or through apps. Businesses can also choose to receive funds in traditional currency rather than cryptocurrency. The platform aims to enable businesses to transact with both retail consumers and other businesses, for example, cryptocurrency exchanges, e-commerce platforms, and brick-and-mortar retailers.

The ACH token is the native token of the platform, and is used to power the entire ecosystem. The token enables a comprehensive crypto-fiat transaction infrastructure, allowing businesses, organizations, and individuals to easily exchange major currencies and crypto assets. Transaction and processing fees can be paid in traditional currency or ACH, with the latter resulting in fee savings. ACH holders also have voting rights on major business decisions and protocol modifications, and are eligible for transaction and DeFi rewards.

The history of Alchemy Pay dates back to the establishment of the company in 2020, by John Tan, the CEO, who is a growth guru experienced in the business development of leading payment service providers and PR agencies. Shawn Shi, the chairman and co-founder is a seasoned internet product entrepreneur with over ten years of expertise.

Alchemy Pay (ACH) is a cutting-edge payment system that aims to bridge the gap between traditional and cryptocurrency economies. The platform offers integrated gateway solutions for merchants, developers, and financial institutions, making it easy for consumers and institutions to make purchases and transactions using a variety of fiat and crypto currencies.

One of the main issues that Alchemy Pay addresses is the complexity of traditional payment methods. The process of making payments often involves multiple intermediaries, each of whom charges a fee for their services. This can make transactions costly and time-consuming, particularly for cross-border payments. Additionally, many individuals are not yet comfortable using cryptocurrency in day-to-day transactions, as they are more accustomed to using traditional currencies.

To address these issues, Alchemy Pay has developed a hybrid solution that is easy to use and allows for a gradual transition to a decentralized world. The platform enables users to make payments using traditional mobile wallets, credit cards, and cryptocurrencies, and allows businesses to receive funds in traditional currency or crypto. This makes it easy for merchants and other businesses to transact with both retail consumers and other businesses, such as cryptocurrency exchanges, e-commerce platforms, and brick-and-mortar retailers.

One of the key features of Alchemy Pay is the ACH token. The token is the native currency of the platform and enables users to easily exchange major currencies and crypto assets. Additionally, transaction and processing fees can be paid in traditional currency or ACH, with users who choose to pay in ACH receiving a variety of fee savings. The ACH token also confers voting rights on major business decisions and protocol modifications, and is used to distribute rewards for transactions and DeFi activities.

The team behind Alchemy Pay is led by CEO John Tan, who has extensive experience in the business development of leading payment service providers and PR agencies. Chairman and co-founder Shawn Shi is a seasoned internet product entrepreneur with over ten years of expertise in the field. Together, they are working to revolutionize the way we make payments, by making it easy and convenient for businesses and individuals to access the benefits of both traditional and crypto economies.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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