{"id":2714,"date":"2023-08-04T12:18:13","date_gmt":"2023-08-04T12:18:13","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=2714"},"modified":"2024-04-29T09:02:54","modified_gmt":"2024-04-29T09:02:54","slug":"what-is-alchemy-pay-how-does-it-work","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/","title":{"rendered":"What is Alchemy Pay? How does it work?"},"content":{"rendered":"<p>With the development of technology, central monetary systems began to be unable to keep up with the period. <strong>What is Alchemy Pay,<\/strong> which offers an alternative solution for the shopping spree that has emerged with <strong>e-commerce today?<\/strong> <strong>How does it work?<\/strong> We will try to answer the question.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#What_is_Alchemy_Pay\" title=\"What is Alchemy Pay?\">What is Alchemy Pay?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#How_Does_Alchemy_Pay_Work\" title=\"How Does Alchemy Pay Work?\">How Does Alchemy Pay Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#What_is_ACH_Coin\" title=\"What is ACH Coin?\">What is ACH Coin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#What_are_the_Usage_Areas_of_Alchemy_Pay_ACH\" title=\"What are the Usage Areas of Alchemy Pay (ACH)?\">What are the Usage Areas of Alchemy Pay (ACH)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#Alchemy_Pay_and_Technology\" title=\"Alchemy Pay and Technology\">Alchemy Pay and Technology<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#Payment_Channels\" title=\"Payment Channels\">Payment Channels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#Partners\" title=\"Partners\">Partners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#Team_Members\" title=\"Team Members\">Team Members<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#Alchemy_Pay_Tokenomics\" title=\"Alchemy Pay Tokenomics\">Alchemy Pay Tokenomics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#Token_Statistics\" title=\"Token Statistics\">Token Statistics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-alchemy-pay-how-does-it-work\/#How_can_I_get_ACH\" title=\"How can I get ACH?\">How can I get ACH?<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"What_is_Alchemy_Pay\"><\/span><strong>What is Alchemy Pay?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><strong>Alchemy Pay<\/strong> is a blockchain-based Payment network created to solve the problems experienced by users in e-commerce payment services. It was founded in 2018 by <strong>Nikil Viswanathan and Hoe Lau<\/strong>, headquartered in Singapore. The aim of the project is to create a hybrid crypto-fiat payment infrastructure powered by <strong>ACH Token<\/strong>.<\/p>\n<p>The project consists of 4 main titles. These are respectively; <strong>Payment is Network, Defi and Trust.<\/strong> Users participating from Fiat and Crypto money ecosystems offer decentralized smart contracts, scaling solutions, on-chain analytics and Defi products within the platform. Ekosistem aimed to perform services such as trading with Coins or Tokens, on-chain and peer-to-peer payments, both in the field of chain and crypto, and in fiat currencies.<\/p>\n<blockquote><p><em><strong>You may notice: What is Defi? <a href=\"https:\/\/coinmuhendisi.com\/blog\/31366-2\/\">Does Defi have powers?<\/a><\/strong><\/em><\/p><\/blockquote>\n<div id=\"message12436\" class=\"Message message-list-item allow-selection own was-edited open shown\" data-message-id=\"12436\">\n<div class=\"message-content-wrapper can-select-text\">\n<div class=\"message-content text has-shadow has-solid-background\" dir=\"auto\">\n<div class=\"content-inner\" dir=\"auto\">\n<h1 class=\"text-content clearfix with-meta with-outgoing-icon\" dir=\"auto\"><span class=\"ez-toc-section\" id=\"How_Does_Alchemy_Pay_Work\"><\/span><strong>How Does Alchemy Pay Work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"content-inner\" dir=\"auto\">\n<div class=\"text-content clearfix with-meta with-outgoing-icon\" dir=\"auto\">The ACH Token is the project token. With ACH Token, you can do many activities within the project&#8217;s ecosystem. The most important function of the token is to pledge. Traders and investors wishing to access Alchemy Pay&#8217;s services must purchase and pledge ACH in proportion to their projected transaction volumes. Pledged ACH Tokens are refundable upon traders and investors canceling the use of Alchemy Pay. This pledge system provides tangible value to the ACH token while also providing incentive rewards for those who act honestly.<\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n<div dir=\"auto\">In addition to these, the project tries to offer crypto money payment option to cards and mobile wallets all over the world with fiat currencies along with the payment system.<\/div>\n<\/div>\n<h1 dir=\"auto\"><span class=\"ez-toc-section\" id=\"What_is_ACH_Coin\"><\/span><strong>What is ACH Coin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>ACH Coin is an ERC-20 token located on the Ethereum blockchain. Coin plays a key role in the crypto-fiat hybrid ecosystem within the project. Tokens can be pledged, rewarded, staked, and paid in fees. It also gives ACH Token holders the right to vote on important business decisions and changes to the protocol.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<h1 class=\"text-content clearfix with-meta with-outgoing-icon\" dir=\"auto\"><span class=\"ez-toc-section\" id=\"What_are_the_Usage_Areas_of_Alchemy_Pay_ACH\"><\/span><strong>What are the Usage Areas of Alchemy Pay (ACH)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><strong>Looking at the structure of the project, the usage areas are briefly as follows;<\/strong><\/p>\n<ul>\n<li>Transaction fees<\/li>\n<li>Rewards for network usage<\/li>\n<li>Reducing transaction costs<\/li>\n<li>It is used for commitments made by business partners during the recruitment process.<\/li>\n<\/ul>\n<ul id=\"attachment_2715\" class=\"wp-caption alignnone\" style=\"width: 1024px;\">\n<li class=\"wp-caption-dt\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2715\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/Alchemy-Ekosistemi.webp\" alt=\"\" width=\"1024\" height=\"576\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/Alchemy-Ekosistemi.webp 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/Alchemy-Ekosistemi-300x169.webp 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/Alchemy-Ekosistemi-768x432.webp 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/li>\n<\/ul>\n<h1><span class=\"ez-toc-section\" id=\"Alchemy_Pay_and_Technology\"><\/span><strong>Alchemy Pay and Technology<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Aiming to make payments quickly, the project receives multiple payments through single payment channels. The project, which uses PullPay for multiple payment transactions, offers its users the opportunity to pay in installments with the method it uses. In addition, the project uses algorithms based on artificial intelligence for the security of users in the payment queue. With the artificial intelligence it uses, the project aimed to prevent large price fluctuations.<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Payment_Channels\"><\/span><strong>Payment Channels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<ul>\n<li><strong>Visa<\/strong><\/li>\n<li><strong>Mastercard<\/strong><\/li>\n<li><strong>Apple Pay<\/strong><\/li>\n<li><strong>Google Pay<\/strong><\/li>\n<li><strong>Discover<\/strong><\/li>\n<\/ul>\n<p>There are payment channels such as. <a href=\"https:\/\/alchemypay.org\/about\"><strong>Click<\/strong><\/a> here for more information.<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Partners\"><\/span><strong>Partners<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<ul>\n<li><strong>Shopfiy<\/strong><\/li>\n<li><strong>Arcadier<\/strong><\/li>\n<li><strong>Pricerite<\/strong><\/li>\n<li><strong>Lawson<\/strong><\/li>\n<li><strong>Shoppy<\/strong><\/li>\n<li><strong>Aldo<\/strong><\/li>\n<\/ul>\n<p>Companies such as Alchemy Pay are among the partners.<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Team_Members\"><\/span><strong>Team Members<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2716\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/Alchemy-Pay-Team.png\" alt=\"\" width=\"623\" height=\"723\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/Alchemy-Pay-Team.png 623w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/Alchemy-Pay-Team-259x300.png 259w\" sizes=\"auto, (max-width: 623px) 100vw, 623px\" \/><\/p>\n<h1><span class=\"ez-toc-section\" id=\"Alchemy_Pay_Tokenomics\"><\/span><strong>Alchemy Pay Tokenomics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2717\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ACH-Tokenomics.png\" alt=\"\" width=\"693\" height=\"487\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ACH-Tokenomics.png 693w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/ACH-Tokenomics-300x211.png 300w\" sizes=\"auto, (max-width: 693px) 100vw, 693px\" \/><\/p>\n<table class=\"table w-100 nowrap index-table dataTable\" style=\"height: 216px;\" width=\"845\">\n<thead class=\"text-gray\">\n<tr>\n<th class=\"td2 sticky\">Kategori<\/th>\n<th>Y\u00fczde<\/th>\n<th>Toplam<\/th>\n<th class=\"tabledesc pl-5\"><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"td2 sticky\">Alchemy Pay Ekibi<\/td>\n<td>18%<\/td>\n<td>1.800.000.000 ACH<\/td>\n<td class=\"tabledesc pl-5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"td2 sticky\">\u00d6zel Plasman \/ IEO<\/td>\n<td>18%<\/td>\n<td>1.800.000.000 ACH<\/td>\n<td class=\"tabledesc pl-5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"td2 sticky\">Ekosistem Te\u015fvikleri<\/td>\n<td>5%<\/td>\n<td>500.000.000 ACH<\/td>\n<td class=\"tabledesc pl-5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"td2 sticky\">Dan\u0131\u015fmanl\u0131k \u00dccretleri<\/td>\n<td>2%<\/td>\n<td>200.000.000 ACH<\/td>\n<td class=\"tabledesc pl-5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"td2 sticky\">A\u011f Hareketlili\u011fi<\/td>\n<td>6%<\/td>\n<td>600.000.000 ACH<\/td>\n<td class=\"tabledesc pl-5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"td2 sticky\">Madencilik (\u00d6deme)<\/td>\n<td>40%<\/td>\n<td>4.000.000.000 ACH<\/td>\n<td class=\"tabledesc pl-5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"td2 sticky\">Madencilik (Fin-Eko)<\/td>\n<td>11%<\/td>\n<td>1.100.000.000 ACH<\/td>\n<td class=\"tabledesc pl-5\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h1><span class=\"ez-toc-section\" id=\"Token_Statistics\"><\/span><strong>Token Statistics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>According to CoinmarketCap data, the maximum supply of ACH Token is 10,000,000,000 units. The project has a market value of $143,264,305 at the time of writing. The number of ACH Tokens in circulation is 6,194,928,003 ACH.<br \/>\n<script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"6958\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<h1><span class=\"ez-toc-section\" id=\"How_can_I_get_ACH\"><\/span><strong>How can I get ACH?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>The ACH token is listed on exchanges such as Binance, Gate io, Bitget and MEXC. By clicking on the exchanges, you can register from our discount registration links and have commission discounts for lifetime trading transactions.<\/p>\n<p>You can write us your comments on the subject. In addition, if you would like to continue with such informative content, you can follow us on our <strong><a href=\"https:\/\/t.me\/coinmuhendisihaber\">Telegram,<\/a> <a href=\"https:\/\/www.youtube.com\/c\/CoinMuhendisi\">Youtube<\/a><\/strong> and <strong><a href=\"https:\/\/twitter.com\/coinmuhendisim\">Twitter<\/a><\/strong> channels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the development of technology, central monetary systems began to be unable to keep up with the period. What is Alchemy Pay, which offers an alternative solution for the shopping spree that has emerged with e-commerce today? How does it work? We will try to answer the question. What is Alchemy Pay? Alchemy Pay is<\/p>\n","protected":false},"author":1,"featured_media":2973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,5],"tags":[606,611,610,608,746,607,745],"class_list":["post-2714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-projects","category-project-review","tag-alchemy-pay","tag-alchemy-pay-mastercard","tag-alchemy-pay-visa","tag-how-does-alchemy-pay-work","tag-how-does-it-work","tag-what-is-alchemy-pay","tag-what-is-alchemy-pay-how-does-it-work"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Alchemy Pay? 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