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Alchemy Pay, also known as ACH, is a cryptocurrency payment service provider. It is, in essence, a bridge. Alchemy Pay connects traditional fiat payment and crypto payment, creating a bridge for simple payment
What is the Process?
Alchemy Pay is an ERC-20 token that operates on the Ethereum blockchain. It's all about connecting the fiat and crypto worlds. They intend to be the first to offer fiat-based services in cryptocurrency and vice versa. That is, in the future, you will be able to pay for meals, rides, and retail services using cryptocurrency. What is it that is preventing us from doing so right now? Fiat Complexity is the answer. Cross payments between two different currencies present numerous challenges. The most obvious examples are trust and security. Before we even discuss transaction fees, there are a slew of procedures and disputes to iron out.
All we need, according to common logic, is a network system that allows cross-platform payments. For example, a credit card payment into fiat or another currency. However, incorporating cryptocurrency complicates matters even further. How does Alchemy Pay resolve this quandary? They make use of their native token, ACH. First, users must purchase and pledge ACH tokens in proportion to their network size and expected transaction volume. This applies to all merchants who want to use their system. The tokens will be forfeited if the system detects any fraudulent activity. If the transaction is canceled, the system will refund any pledged ACH tokens. Here, we address issues of trust and security.
Alchemy Pay can provide high-speed conversion at a lower cost. They charge an average of 70% less than credit card fees and have a one-to-two-day settlement time. Alchemy Pay also makes use of Chainlink's Price Feed Oracle. This ensures that users can obtain prices in real time. This will also ensure that all conversion rates are accurate and reliable.
Alchemy Pay Token's current value (ACH)
Alchemy Pay's governance and utility token is ACH. Tokens can be pledged or accumulated by users. It can also be used to pay fees. It ensures that holders are rewarded for using ACH. In turn, it will enhance the capabilities of their ecosystem and network.
The current market price of ACH is $0.009039 per unit. They have a market capitalization of $45,904,744 and a fully diluted market capitalization of $90,393,273. There is a supply of 5.08B ACH in circulation.
What is the Process?
Alchemy Pay is an ERC-20 token that operates on the Ethereum blockchain. It's all about connecting the fiat and crypto worlds. They intend to be the first to offer fiat-based services in cryptocurrency and vice versa. That is, in the future, you will be able to pay for meals, rides, and retail services using cryptocurrency. What is it that is preventing us from doing so right now? Fiat Complexity is the answer. Cross payments between two different currencies present numerous challenges. The most obvious examples are trust and security. Before we even discuss transaction fees, there are a slew of procedures and disputes to iron out.
All we need, according to common logic, is a network system that allows cross-platform payments. For example, a credit card payment into fiat or another currency. However, incorporating cryptocurrency complicates matters even further. How does Alchemy Pay resolve this quandary? They make use of their native token, ACH. First, users must purchase and pledge ACH tokens in proportion to their network size and expected transaction volume. This applies to all merchants who want to use their system. The tokens will be forfeited if the system detects any fraudulent activity. If the transaction is canceled, the system will refund any pledged ACH tokens. Here, we address issues of trust and security.
Alchemy Pay can provide high-speed conversion at a lower cost. They charge an average of 70% less than credit card fees and have a one-to-two-day settlement time. Alchemy Pay also makes use of Chainlink's Price Feed Oracle. This ensures that users can obtain prices in real time. This will also ensure that all conversion rates are accurate and reliable.
Alchemy Pay Token's current value (ACH)
Alchemy Pay's governance and utility token is ACH. Tokens can be pledged or accumulated by users. It can also be used to pay fees. It ensures that holders are rewarded for using ACH. In turn, it will enhance the capabilities of their ecosystem and network.
The current market price of ACH is $0.009039 per unit. They have a market capitalization of $45,904,744 and a fully diluted market capitalization of $90,393,273. There is a supply of 5.08B ACH in circulation.
