Alchemy Pay is a blockchain-based payments system that aims to make blockchain services and value accessible with fiat currency and to make fiat-based services accessible with cryptocurrency. Essentially, its mission is to bridge the gap between the crypto world and the more traditional, or widely accepted, financial ecosystem. It seeks to achieve its mission whilst also fulfilling five goals; decentralization, creating a large-scale commercial application, retaining security and trust, promoting sustainable evolution, and balancing low costs with high efficiency.

The Alchemy Pay ecosystem is made up of various partners and stakeholders on both the user end and the merchant/business end. The ACH Token powers the network. It is an ERC-20 utility token with a total pre-mined supply of 10,000,000,000. 

What are ACH’s key features and how does it work?

Alchemy Pay’s key features are built around its mission to provide integration services between crypto and fiat. As such, the first core feature is a Smart POS for Cryptocurrency. The Smart POS is compatible with both crypto and FIAT, features fast transaction speeds, is NFC-enabled, and can be set up as a cryptocurrency prepaid card. 

The next product feature is a Cryptocurrency Payment Gateway. The Gateway also supports fast transactions, as well as support for online and offline access schemes including SDK/Plugin/APIs.

In addition, Alchemy Pay supports hierarchical “payment-collection parallel” models that are popular when dealing with the financial management of groups.

What can Alchemy Pay be used for?

Within the ACH infrastructure, the ACH token facilitates multiple use cases for businesses, institutions, and individuals. The main role of the ACH token, however, is to provide access to Alchemy Pay services.

Businesses can interact with retail consumers with ACH via the platform’s crypto-fiat payment solutions. For example, e-commerce platforms and offline retail merchants.

Financial institutions can benefit from crypto investment services offered by the platform by brokering and leveraging the exchange between fiat and crypto. Finally, individuals can leverage the ACH token and borrow, make purchases, and use crypto-linked cards. As well as trading.

ACH tokens can also be staked. Stakers earn rewards in the form of the fees paid by users making transactions and engaging with the platform’s services. Further use cases include in the digital entertainment industry in terms of payments. Alchemy Pay can be used along with SDKs, APIs, and gateways provided to developers in the form of selectable menus. This would provide developers with a highly customizable process when designing their own payment process. This could apply to subscription payments, credit payments, combined payments, as well as revenue splitting. Alchemy Pay can also facilitate local currency exchange, as well as credit and lending services.

Where can you buy ACH?

ACH is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are CoinBase Pro, Binance, and MEXC Global. The price of ACH will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for ACH market price, please view the price charts on this page.