Alchemy Pay Research Hub | ACH information, history and analysis
Alchemy Pay is a payment system designed to provide online payment solutions in more than 65 countries and regions with 300 fiat currencies and 20 digital currencies. Founded in 2018, Alchemy grew from a practical base of merchant networks, including Hong Kong’s biggest furnishing company, Pricerite, Singapore’s Cé La Vi, Canadian footwear brand Aldo, software technology firm Arcadier, and Midwest Global Asia taxi services.
Alchemy Pay is a payment system focused on retail transactions at the Point-of-Sale and peer-to-peer remittance. Users can make payments in fiat, stablecoins, and other cryptocurrencies on traditional payment systems. In addition to crypto and fiat payment services, Alchemy Pay also allows users to seamlessly access Alchemy DeFi services and third-party decentralized applications with ease.
ACH is a native token of the Alchemy Pay ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Incentivize the adoption of the platform.
- Pay for services of the platform.
- Users staking ACH will be provided with tiered platform benefits.
- Reward partners, merchants, and users who contribute to the Alchemy Pay ecosystem.
Alchemy Pay’s investment in EZPG Co. Allowed it to gain an Electronic Financial Business registration, enabling a comprehensive suite of services such as money transfers and digital assets. This move is crucial as South Korea emerges as a significant player in cryptocurrency adoption.
With over 30% of South Koreans reportedly holding cryptocurrencies, Alchemy Pay aims to enhance its presence in the market. The firm can now process crypto transactions and offer local payment solutions like KakaoPay and Naver Pay, recognizing South Korea as a pivotal hub for digital finance in Asia.
ACH trading volume is $140.88m. Market capitalization reaches $424.35m.
ACH trading volume is $91.69m. Market capitalization reaches $426.58m.
ACH trading volume is $125.9m. Market capitalization reaches $407.15m.
ACH trading volume is $112.59m. Market capitalization reaches $329.7m.
ACH trading volume is $81.22m. Market capitalization reaches $340.62m.
Alchemy Pay has officially registered as a Digital Currency Exchange Provider in Australia on January 27, approved by AUSTRAC.
This registration allows Alchemy Pay to collaborate with local payment facilitators, enhancing its services for Australian users.
With existing licenses in the U.S., Alchemy Pay aims to secure 20 global regulatory licenses, strengthening its market presence.
ACH trading volume is $217.79m. Market capitalization reaches $338.74m.
ACH trading volume is $98.58m. Market capitalization reaches $249.71m.
Launch of Alchemy Chain: Alchemy Pay is set to unveil Alchemy Chain, aiming to facilitate business applications through its unique dual payment system. This blockchain utilizes Solana’s architecture for efficient transaction processing, which could transform crypto payments.
Impact on ACH Token: Following the announcement, the ACH token surged by 14%, demonstrating strong market interest. This Movement aligns with Bitcoin’s price approach towards 100,000 USD, showcasing a positive correlation between MAJOR cryptocurrencies.
Features and Future Plans: Alchemy Chain will introduce a layer-2 solution, a MEME launchpad, and a dedicated Telegram bot. These features are tailored to engage with MEME projects and foster community interaction within the crypto ecosystem.
