Alchemy Pay

What is Alchemy Pay?

Alchemy GPS Singapore Pte. Ltd. (Alchemy Pay) is a company that leverages open source protocols and rapid product development platforms to create crypto-fiat bridging systems. The company empowers participants in both fiat and crypto ecosystems to achieve fast, secure, convenient, flexible, and scalable global payment solutions. These solutions are built upon the decentralized smart contracts and consensus mechanisms of blockchain technology.

The strength of Alchemy Pay lies in its team of payment industry veterans who are experts in wallet payment, cross-border acquisition, enterprise collecting solutions for multi-level distribution, and other traditional payment programs. By combining this expertise with a deep understanding of blockchain and decentralized ledger technologies, Alchemy Pay takes on a leading role in constructing a bridge between the traditional world of fiat currency and the emerging world of cryptocurrency.

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Recent Video Interview

Main points of the interview:

• Developed hybrid fiat-crypto payment system for global merchant adoption.
• Partnerships with Shopify, enabling global crypto payments through a network.
• Future plans include expanding crypto adoption, regulatory navigation, and strategic growth initiatives.
• Token (ACH) utilized within ecosystem for transaction discounts and rewards, fostering adoption.

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What Does Alchemy Pay Offer?

The decentralized payment network provided by Alchemy Pay encompasses various capabilities, including open and scalable consensus protocols that can adapt to evolving payment industry standards. It incorporates lightning network technology for real-time transactions and offers comprehensive support for cryptocurrency payments across different scenarios. Alchemy Pay ensures fast access to essential software development kits (SDKs), plugins, and APIs for seamless online/offline "buy now" processing, facilitating integration with smartphone point-of-sale (POS) apps.

Furthermore, the network employs decentralized protocols for operational and governance aspects, covering dispute arbitration, custody, credit scoring, risk control, anti-fraud measures, clearing, and more. These protocols aim to enhance operational efficiency and reduce operating costs. Alchemy Pay provides basic payment functions and solutions suitable for large-scale commercial applications, including diverse payment methods such as "PullPay," "PushPay," combined payment, subscription payment, and targeted payment within various account systems.

The platform offers visual, simple, and standardized smart contract interfacing to make commercial use of smart contracts more accessible. It fosters self-evolving communities and open ecosystems, encouraging innovative technology companies to join and contribute to the development of the industry's public chain. Additionally, Alchemy Pay emphasizes robust localization compliance and anti-money laundering programs tailored for different countries and regions.

The ACH Token

Alchemy Pay (ACH) serves as the ERC20 incentivizing utility token within the Ethereum blockchain, playing a crucial role in the Alchemy Pay network. The token is utilized for various purposes, including transaction fees, rewarding network usage, reducing transaction costs, and being pledged by business partners during onboarding.

The token's value is closely tied to network growth, with ACH being pledged, rewarded, and utilized as fees to drive and incentivize the ecosystem's functions. ACH has played a key role in building a vibrant online community of investors, and the rewards provided to partners incentivize them to contribute to the expansion of the partner network.

As network usage and expansion increase, the reduced token supply and growing demand contribute to the appreciation of ACH's value. This is advantageous for investors and partnered businesses that hold, pledge, and receive rewards in ACH.

Furthermore, 50% of the transaction fees generated are allocated for business development, marketing, and promotion. ACH thus provides an organic and sustainable budget, supporting the attraction and onboarding of new businesses for continuous expansion of the ecosystem.

Alchemy Pay Team Background and Partnerships

Some key members of the Alchemy Pay team:

• Andy Ng, with over 20 years of product experience, served as Senior VP at Lazada and Chief Product Officer at Grab.
• David Plouffe, former White House Senior Advisor and Obama's campaign manager, joined the Binance Global Advisory Board in 2022 after his role as SVP of Policy and Strategy at Uber.
• Ethan Wang, tech lead for Google Cloud Web3 and co-founder of LINQ, previously served as Facebook Libra's tech lead.

Alchemy Pay enjoys a massive range of partnerships, including:

• Crypto payments: Shopify, Arcadier, Pricerite, Alfamart, Lawson, Shoppy, Aldo, AllValue, Lazeo...
• On & off-ramps: OKX, Bitget, Arbitrum, Pionex, Bitget Wallet, Token Pocket, Dodo, Sui, BingX, Celo, Befi Wallet...

Project Development

Alchemy Pay, a leading fiat-crypto payment service provider, is now offering a crypto card issuance service for Fibonacci. This allows Fibonacci to create their own branded Mastercard crypto card, providing users with a tailored experience for seamless cryptocurrency transactions. The initiative ensures a secure and convenient payment experience, both online and offline, as users can utilize their physical crypto card at any Mastercard-accepted locations.

Fibonacci, leveraging a highly scalable underlying framework, is a new commercial public blockchain with a primary focus on the social sector. It aims to build a thriving ecosystem for social and creator economics. Positioned as a unique business public chain specializing in the social realm, Fibonacci is dedicated to providing users with a secure, efficient, and reliable social experience. Additionally, it seeks to foster a favorable economic environment for creators.

Alchemy Pay Price Analysis

As of November 24 2024 Alchemy Pay has a marketcap of $130M. This is {{percentagefromath}} from its all time high of $0.198666. In terms of its tokenomics, there's a total supply of 10B with 49% currently outstanding. Keep in mind Alchemy Pay has a fully diluted value of $264M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.