What is Alchemy Pay (ACH)? Which Advantages Does It Offer?

Alchemy Pay is the world’s first hybrid cryptocurrency payment network that creates between fiat currencies and cryptocurrencies. Traditionally, it provides solutions to reduce the cumbersomeness of the existing financial system. The native cryptocurrency of the Alchemy Pay platform is ACH. In this article, we will look for answers to questions such as what is Alchemy Pay (ACH), what does Alchemy Pay (ACH) do, what are the advantages of Alchemy Pay (ACH).

What is Alchemy Pay (ACH)?

what is alchemy pay

Since fiat money and cryptocurrency are very different from each other, it is quite normal to have disconnects between them. Alchemy Pay aims to bridge and unify these two currencies. Moreover, it is worth noting that it is the world’s first payment gateway in this sense. Alchemy Pay serves as a hybrid cryptocurrency payment platform, allowing customers to pay with both fiat and cryptocurrency. Alchemy Pay is also supported by global e-commerce platforms.

Traders can accept both crypto and fiat money as payment for any product or service they provide. It is important to note that Alchemy Pay allows businesses to operate globally. Given some of the cumbersomeness of the traditional financial system, Alchemy Pay offers solutions to speed up transactions and make them more efficient.

In addition to crypto payments, Alchemy Pay has a few other capabilities. These include easy access to cryptocurrency investments, blockchain solutions, complex transactions and Decentralized Finance (DeFi) services without any problems. With Alchemy Pay, those in both fiat and cryptocurrency ecosystems can have fast, secure, convenient, flexible and scalable global payment solutions based on decentralized smart contracts, Layer-2 scaling solutions, on-chain data and consensus mechanisms of blockchain technology.

ACH is on the Ethereum blockchain and is an ERC-20 based token. The ACH token is involved in the payment solutions offered by Alchemy Pay. It is used to facilitate transactions and benefit the users of the platform. With ACH, you are encouraged to participate in all key roles in the crypto-fiat hybrid ecosystem. ACH tokens can be committed and staked. You can also pay by ACH. In addition, ACH token holders can have voting rights in token management or community decisions.

What Advantages Does Alchemy Pay (ACH) Offer?

alchemy share advantages

Alchemy Pay offers many advantages to businesses in terms of streamlining the process of accepting payments, expanding internationally and ensuring that payments are both fast and secure. You can take a closer look at these advantages in headings below.

Global Payments:
Alchemy Pay enables businesses in different parts of the world to receive payments from customers in different countries. Businesses can convert cryptocurrencies into local currencies with conversion tools. This ensures that businesses can easily accept cryptocurrencies and convert them into local currency. This is also an opportunity for businesses to get a chance to expand in international markets.

Multiple Payment Options:
Alchemy Pay offers multiple payment options by combining traditional financial instruments and cryptocurrencies. Users on this platform can use different payment methods such as credit card, bank transfer, digital currency and ACH token.

High Speed Operations and Scalability
Alchemy Pay supports fast and instant payments. In this way, customers can transact instantly and businesses can receive their payments faster. Alchemy Pay’s payment infrastructure also offers high scalability. This eliminates the problems that businesses with growth potential may experience in the face of increasing transaction volumes.

Low Transaction Fees:
Alchemy Pay offers its users low transaction fees. Thus, businesses can reduce the costs arising from payments and reach a more competitive position.

Safe and Transparent:
Alchemy Pay provides secure and transparent payment processing. It uses advanced security measures in this context. By utilizing blockchain technology, it makes it possible to secure, record and monitor transactions.

Easy Integration:
Alchemy Pay’s payment solutions can be easily integrated into the systems that businesses are already using. It enables fast and seamless integration by utilizing APIs and SDKs.

Easy Tracking and Reporting:
The Alchemy Pay platform is also a solution for businesses to track payment transactions and obtain detailed reporting. In this way, businesses can better and more clearly understand their revenues and customer behavior.

Global Customer Support:
Alchemy Pay is a platform that customers can access 24/7. Appeals to a wide audience with multilingual customer service. Thus, businesses can support global customers quickly and effectively.

How Alchemy Pay Works

How alchemy pay works

Using a unique payment gateway system, Alchemy Pay is able to offer fast conversions with low fees. The average transaction fee on Alchemy Pay is lower than on credit cards. Alchemy Pay uses Chainlink’s Price Feed Oracle, which provides accurate live price information, to access real-time price data to ensure that all conversions are accurate and reliable.

Fiat Payment Processor:
Given its mission and goal in the crypto space, Alchemy Pay’s key feature is that it is a fiat payment processor that allows traders to instantly exchange crypto and fiat currencies. This technology runs on Ethereum’s decentralized smart contracts, making it a viable solution for payments worldwide.

Whether you need to be paid in crypto or local currency, the Alchemy Pay network supports all conversions between the two. Alchemy Pay provides a seamless integration to multiple payment channels, including e-wallets and credit cards. This gives users full control over which channel is used to pay for products or services.

Multiple POS Terminals:
One of the valuable features of Alchemy Pay is that it requires little or no infrastructure to set up POS terminals. In this way, a person wishing to register with Alchemy Pay can save on set-up costs and easily access the network via smart devices. This happens by incorporating decentralized applications (DApps) into Alchemy Pay’s system architecture.

Crypto-Linked Cards
Alchemy Pay has introduced some crypto-linked virtual cards as an additional selling point. By linking these cards to popular digital wallets, extensive use is achieved by merchants operating on the Visa and MasterCard networks.

Who are the Founders of Alchemy Pay (ACH)?

alchemy pay founders
Nikil Viswanathan & Joe Lau

Alchemy Pay was founded in 2017 under the leadership of Nikil Viswanathan and Joe Lau.

Nikil Viswanathan is the co-founder of Alchemy Pay and currently serves as CEO. Nikil Viswanathan has a degree in Computer Science from Stanford University and has worked as a product manager at Facebook and Google, and as a program manager at Microsoft.

Joe Lau, the other co-founder of the project, serves as Alchemy Pay’s chief technology officer. Like the other co-founder, he holds a degree in Computer Science from Stanford University and has worked as a software engineer at LinkedIn and as a technology manager at Google.

To summarize, Alchemy Pay is a financial technology company that provides global payment solutions. It provides businesses with various tools to enable fast and secure payment processing. By facilitating global payments, the Alchemy Pay platform basically achieves this by offering multiple payment options by combining traditional and cryptocurrencies. Alchemy Pay also supports businesses to expand internationally. It adopts the mission of being user-friendly in the payment experience it offers to its customers. Ease of integration, scalability and customer support services are among the advantages of Alchemy Pay. Alchemy Pay strives to create an efficient environment by providing innovative solutions for the future of the payment industry.

What Other Things to Know About Alchemy Pay (ACH)?

To find out a little more about Alchemy Pay (ACH), it’s worth taking a look at the answers to some of the questions below.

Is ACH a token? Or is it a coin?

Coin is a cryptocurrency created on its own blockchain. A token is a cryptocurrency that does not have its own blockchain and is created on an existing blockchain. Since Alchemy Pay does not have its own blockchain, it is a token.

Which blockchain is the ACH token on?

The ACH token is on the Ethereum blockchain and was created using the ERC-20 smart contract.

Is ACH token mining done?

ACH can be mined by clients participating in the network.

How to get an ACH token?

To buy ACH tokens, it is sufficient to create a membership on ICRYPEX. Once the membership process is complete, other cryptocurrencies including ACH token can be traded quickly, easily and securely.

How to Become a Member of ICRYPEX?

Become a member of ICRYPEX

After visiting www.icrypex.com from a browser, you can click on the “SUBSCRIBE” button at the top right of the page, fill in the required information and you can easily create your membership.

From mobile devices, primarily;

Android users can download our app by clicking here, Apple users by clicking here and HUAWEI users by clicking here. After logging in to the application, you can click on the menu icon at the top left, then click on “SUBSCRIBE” to fill in the required information and easily create your membership.