What is Alchemy Pay? Alchemy Pay is a crypto payment solutions provider that facilitates payments into and out of crypto assets utilizing a network of partners. Alchemy Pay’s crypto asset is a token called ACH. The Alchemy Pay cryptocurrency has multiple roles within Alchemy Pay’s payment solution, including as a fee reducer.
Alchemy Pay: How it works
Although crypto assets have come a long way since their inception, using cryptocurrencies in the mainstream world can be difficult. Alchemy Pay, a payment solutions provider, put together a global payment solution that helps exchange crypto assets for fiat and vice versa. Fiat currencies are currencies issued by governments. The U.S. dollar (USD) and the euro are two examples of fiat currency.
Wondering how Alchemy Pay (ACH) works? Through a network of collaborations, Alchemy Pay’s solution makes it possible for businesses, online stores, crypto platforms and more to accept crypto payments from customers. The payments are then converted into fiat currency and received by those vendors. Alchemy Pay’s payment solution also lets customers pay in fiat, which is then converted to crypto for interactions in the crypto and blockchain space. The Alchemy Pay use cases span a broad range, from facilitating crypto payments at in-person stores to metaverse payments.
Who uses Alchemy Pay? Alchemy Pay says that over a million merchants work with its global product, which functions in numerous countries. Who are the founders of Alchemy Pay? Molly Zheng and Shawn Shi established Alchemy Pay in 2018.
Alchemy Pay price today
Alchemy Pay has a crypto asset that trades under the ticker ACH. The ACH crypto asset is a token running on multiple blockchains, including on the Ethereum blockchain as an ERC-20 token. The asset plays a number of roles in Alchemy Pay’s payment solution. For example, if a business wants to use the Alchemy Pay payment solution to accept crypto, that business needs to buy a certain amount of ACH and then lock it up. The ACH is unlocked if the business decides to no longer use the payment system. The payment system also utilizes ACH for rewards and fees.
The top of the page shows data for ACH, including an ACH to USD live price, the ACH marketcap and the ACH total supply. An ACH live price chart is also shown above. Curious about how to buy ACH tokens? The asset is available on many crypto trading platforms. Is Alchemy Pay a good investment? That depends on the prospective merchant looking to use the payment solution or the person looking to buy ACH.
ACH historical price