What is Alchemy Pay? Everything you need to know

Alchemy Pay is one of the most talked about projects in the payment and cryptocurrency space today. But can Alchemy Pay really live up to the expectations of users and investors? Can the platform sustain its growth and expand to the global market?

In this article, AZCoin will give you an overview of Alchemy Pay, including its main products, development team, partners, investors and detailed information about ACH Coin. Let’s explore!

What is Alchemy Pay?

Alchemy Pay is a payment platform that integrates cryptocurrencies and traditional currencies (fiat). Launched in 2018, Alchemy Pay acts as a bridge between traditional payment systems and cryptocurrencies. The project allows users to make payments in cryptocurrencies, stablecoins and fiat currencies through popular payment systems such as Visa, Mastercard, etc.

Alchemy Pay products

Alchemy Pay offers a range of products and services to meet the needs of both users and businesses. Key products include:

Wallet

Alchemy Pay Wallet is an electronic wallet platform that allows users to directly convert between cryptocurrencies and fiat currencies. The Wallet supports payments for services integrated with Alchemy Pay and provides a feature for accumulating loyalty points. This not only helps users manage their assets effectively but also take advantage of promotional programs and discounts.

NFT checkout

NFT Checkout is a payment solution for NFT transactions. This product allows users to buy and sell NFTs using traditional payment methods such as Visa, Mastercard and bank transfers. NFT Checkout uses Forter’s anti-fraud measures to minimize the risk of fraudulent transactions in online payments.

Crypto Card

Crypto Card is a payment card issued by Alchemy Pay, allowing businesses and individuals to use cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and stablecoins for online and offline transactions worldwide. The Crypto Card offers flexibility and convenience for spending cryptocurrency.

Crypto Payment

Crypto Payment is a solution that helps businesses accept cryptocurrency payments and receive fiat currency. Alchemy Pay acts as an intermediary, converting cryptocurrency into fiat currency and transferring it to the business payment account. This is a convenient solution for businesses looking to expand their payment capabilities.

Key features of the Alchemy Pay

The Alchemy Pay boasts three main features that enhance payment efficiency:

• Fiat payment processor: Alchemy Pay connects fiat and cryptocurrency payments through Ethereum smart contracts. Additionally, the platform integrates traditional payment channels such as credit cards and e-wallets.
• Multi-POS terminals: Alchemy Pay offers terminals with offline capabilities, allowing the connection of multiple POS systems without requiring high infrastructure. This enables businesses and small merchants to use the service even without internet access.
• Crypto-linked cards: Alchemy Pay has introduced a series of virtual cards linked to various cryptocurrencies and e-wallets like PayPal and Google Pay. Major e-commerce platforms like Amazon and eBay also accept these cards.

Overview ACH Coin

What is an ACH Coin?

ACH Coin is a utility token of the Alchemy Pay platform, issued on the Ethereum network according to the ERC-20 standard. This token helps users make transactions with lower costs and easier and supports payments between cryptocurrencies and traditional currencies.

Key metrics ACH Coin

• Token name: Alchemy Pay
• Ticker: ACH Coin
• Token Type: Utility, Governance.
• Token standard: ERC-20
• Blockchain: Ethereum
• Contract: 0xed04915c23f00a313a544955524eb7dbd823143d
• Market cap: $97,057,665
• Circulating supply: 4,943,691,067
• Fully diluted market cap: $196,326,314
• Total supply: 9,999,999,999
• Volume 24h (20/09/2024): $34,068,855

ACH coin allocation

ACH coin is allocated according to a specific schedule as follows:

• Mining (Payment): 40%
• IEO: 18%
• Team: 18%
• Mining (Fin-Eco): 11%
• Network Mobility: 6%
• Consulting Fees: 2%

Where to buy ACH Coin, which exchange?

ACH Coin can be traded on many best crypto exchanges such as Binance, Bybit and OKX. Users can buy ACH Coin on these exchanges to participate in the Alchemy Pay ecosystem.

Which wallet is ACH Coin storage?

To securely store ACH Coins, users are advised to use wallets that support ERC-20 tokens. Popular wallets include MetaMask, Trust Wallet and Ledger Nano S/X. These wallets offer high security features and easy management of your tokens.

Development team, partners, investors of Alchemy Pay

Development team

Alchemy Pay development team consists of seasoned professionals with extensive experience in finance and technology. Key team members include:

• John Tan (CEO): With nearly a decade of experience working at top payment service providers like DBS Bank and Honeywell RSA, John Tan provides strong leadership for the project.
• Molly Zheng (Chairwoman & Co-founder): Molly Zheng has over 20 years of experience in the payment industry, having held senior positions at PayPal China, HSBC China and Mastercard China.
• Shawn Shi (Chairman & Co-founder): Before co-founding Alchemy Pay, Shawn Shi was a Marketing Manager at QIHU 360 and is currently a Managing Partner at Oak Grove Ventures.

Investors

Alchemy Pay has attracted significant interest from major investors. In April 2023, the project raised $10 million from DWF Labs, valuing Alchemy Pay at $400 million. Other investors include Visa, Mastercard, Google Pay and Apple Pay, reflecting strong support from major players in the payment industry.

Partners

Alchemy Pay has established partnerships with many prominent projects and exchanges in the crypto market including: Arbitrum, Sui, Binance, OKX, MEXC,.…

Should I invest in the Alchemy Pay project?

Investing in Alchemy Pay could be an attractive opportunity for investors interested in blockchain projects with practical applications in the payments industry. Alchemy Pay provides a bridge between traditional financial systems and the cryptocurrency world, which shows great growth potential as more and more organizations and individuals turn to cryptocurrencies.

However, before investing, you should carefully consider the market, your understanding of the project and your own risk tolerance.

Summary

Above is all the information about the Alchemy Pay project and ACH Coin. Hopefully, AZCoin article has provided you with a clear view of the project as well as the potential of this coin. If you are interested in investing or using Alchemy Pay services, follow the latest updates and consider the related factors to make a reasonable decision.