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What does Alchemy Pay (ACH) do? With the rapid growth of the cryptocurrency world, crypto payments are becoming more attractive to a growing number of people and businesses. To meet this need, Singapore-based Alchemy Pay, was established in 2017 as a payment network bringing together traditional fiat currencies and cryptocurrencies without any hassle.
What is Alchemy Pay?
Alchemy Pay offers a solution that allows users to seamlessly switch between crypto and fiat currencies. So this is a major advantage for both crypto investors and businesses. Platforms and dApps can easily integrate this solution according to their requirements.
The platform enables direct purchase of NFTs using fiat payment methods. So this provides great convenience for NFT enthusiasts.
Notable partners supported by the platform include Arbitrum, OKX, Bitget, Algorand, Avalanche, Conflux, NEAR, Polygon, Neo, CELO, Stellar, DODO, Map Protocol, BitKeep, Bitcoin.com, and many others.
What Does Alchemy Pay Do?
Alchemy Pay offers co-branded virtual and physical cards designed specifically for businesses. These cards give users instant global shopping capabilities and can easily be loaded with mainstream cryptocurrencies.
The platform supports payments from 173 countries and includes popular payment methods such as Visa, Mastercard, Google Pay, Apple Pay, as well as regional mobile wallets and local transfers.
Thanks to strong localized payment channels, especially in emerging markets such as Latin America and Southeast Asia, Alchemy Pay offers a more comfortable and seamless payment experience for users in these regions.
Alchemy Pay has obtained licenses in many countries and operates in full compliance with local laws. This allows users and businesses to conduct transactions confidently.
What is ACH Token?
ACH Token is a cryptocurrency used on the Alchemy Pay network. Additionally this token is at the center of the world’s first hybrid crypto-fiat payment infrastructure facilitating smooth exchange between major currencies and large crypto assets traded on exchanges.
ACH, which is Alchemy Pay’s ERC-20 standard token, plays a significant role in this hybrid ecosystem where crypto and traditional currencies converge. ACH tokens are used to incentivize various participants and execute various functions of the platform. Let’s take a look at the main use cases of ACH tokens:
- Deposit: ACH tokens can be used as a deposit tool for users who want to invest in the platform. Also this allows users to conduct more transactions on the platform.
- Reward: Alchemy Pay can distribute rewards in ACH tokens to users in exchange for conducting transactions on their platforms. So this encourages users to use the platform more actively.
- Payment: ACH tokens can be used in platform-based payments. Users and businesses can also use ACH tokens as a payment tool for products and services.
- Token Governance and Community Management: ACH token holders can participate in the platform’s governance processes and vote on community decisions. In addition This gives participants a significant role in shaping the platform’s future.
What are the Use Cases of Alchemy Pay (ACH)?
Given the structure of the project, the use cases can be summarized as follows;
- Transaction fees,
- Rewards for network usage
- Reducing transaction costs
- Used for commitments given by business partners during recruitment process.
Alchemy Pay Tokenomics
The Alchemy Pay Team holds 18% of the supply, equating to 1,800,000,000 ACH. Private Placement / IEO also holds 18%, totalling 1,800,000,000 ACH. Ecosystem Incentives account for 5% with 500,000,000 ACH, Consulting Fees consist of 2% or 200,000,000 ACH, Network Mobility contains 6% or 600,000,000 ACH, Mining (Payment) holds a substantial 40% of the supply with 4,000,000,000 ACH, additionally Mining (Fin-Ecosystem) accounts for the remaining 11%, equating to 1,100,000,000 ACH.
Where Can ACH Token Be Purchased?
ACH token is currently listed on major digital currency exchanges. These exchanges include Binance, Coinbase, KuCoin, Kraken, OKX, and more. Binance also offers ACH/TRY trading pairs.
Also Alchemy Pay enables you to simplify your payments by bringing the crypto and fiat worlds together. This platform, which offers greater accessibility and convenience for users and businesses, helps the crypto world reach more people.
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