Alchemy Pay: A Crypto-Fiat Payment Platform
As the global economy becomes increasingly digital, the need for seamless and secure gateways for cross-border payments is rising. Cryptocurrencies have proved a viable alternative to traditional methods, yet the need for a platform connecting crypto with fiat remains. Alchemy Pay is a solution that has been gaining traction in the crypto space.
It is a convenient payment solution that offers a secure path for crypto/fiat transfers. The platform connects the traditional financial system with the crypto world. In fact, Alchemy Pay news has been making headlines due to its partnerships with various crypto and financial firms, cementing its position as a leader in the space by offering a seamless payment solution.
What is Alchemy Pay?
Alchemy Pay, a payment service provider that simplifies crypto to fiat and vice-versa transfers, focuses on providing a fast, secure, and convenient gateway for global consumers and sellers. The platform is designed to promote the use of Web3 and blockchain products and services.
It is a Singapore-based firm founded in 2018. It offers services in more than 170 countries and supports 300+ payment channels. It also provides access to all types of cryptocurrencies and supports over 50 fiat currencies.
The platform aims to shape a digital financial system that eliminates barriers for all global users. It is built to empower the masses financially and offer a dependable payment system. It also ensures transparency and is viable for both individuals and enterprises.
What does Alchemy Pay offer?
The hybrid payment system offers services to various types of users. It can facilitate individual users, small businesses, large enterprises, or institutions. Here are some benefits the platform can offer:
Facilities B2B and B2C payments
The payment solution can facilitate business-to-business (B2B) or business-to-consumer (B2C) transactions. The good thing about the platform is that it supports crypto-fiat payments. As a result, many e-commerce platforms, SaaS businesses, and various other businesses may opt for this payment solution.
Allows crypto investment
Since Alchemy Pay supports a range of cryptocurrencies, it allows its customers to invest in crypto. Individuals and institutions like banks or asset management firms can use its services for crypto investments. It can play the role of a broker to facilitate the fiat to crypto or vice versa exchanges.
Simplifies day-to-day purchasing
You can also acquire the services of the ACH platform for personal finance. You can use it to buy different goods and services. You can also manage your crypto assets through the platform. It allows you to hold, stake, or trade crypto at your convenience.
What’s an ACH token?
Alchemy Pay is a hybrid payment system that introduces its own token, ACH. The token is an ERC-20 and BEP-20 that engines the entire ecosystem of the platform. The ACH tokens are pre-mined with a total supply of 10,000,000,000. Out of the total supply, around 5,082,155,932 ACHs are circulating in the market.
The smart contract for ACH coins is deployed to create an infrastructure that supports easy transactions between crypto and fiat. It can support a wide range of audiences, including individuals, institutions, and businesses.
The token made its all-time high value of $0.197 in August 2021. ACH’s price is currently down by more than 80% from its all-time high value.
Alchemy Pay partnerships with major crypto firms
In the last couple of years, Alchemy Pay has secured partnerships with various crypto exchanges, payment channels, on and off-ramps, and e-commerce firms for offering crypto payments.
Here are some of the prominent partnerships that the ACH secured:
Facilitates payment between Shopify and Binance
One of the largest e-commerce platforms, Shopify, has integrated the Alchemy Pay plugin. It allows Shopify stores to offer a crypto payment channel to their customers. Besides, Binance Pay also supports the ACH payment solution. It will enable Binance Pay users to make peer-to-peer (P2P) cryptocurrency transactions seamlessly.
Due to the support for Alchemy Pay, Binance Pay users can also make payments on Shopify via cryptocurrencies.
Mastercard and Visa crypto cards
Alchemy also offers virtual crypto credit cards with Mastercard and Visa support. These cards enable users to make payments in crypto tokens. They are compatible with more than 50 cryptocurrencies, including popular options like BTC and ETH.
Fiat on-ramps for Polygon
The Hybrid payment solution is also available on one of the most popular layer 2 solutions, Polygon. ACH platform offers fiat on-ramps to the Polygon network. It enables users to pay directly for DeFi products or services in fiat currencies. The platform has embedded fiat on-ramps across its ecosystem.
Listed on popular exchanges
Apart from the platform’s different payment options, the ACH token is available on various popular exchanges, including Binance, Coinbase, Kraken, Crypto.com, Gate.io, Kucoin, Huobi Global, Uniswap, Bybit, and several others.
Various cross-chain integrations
The payment solution is integrated with multiple blockchain networks. Alchemy Pay news today suggests it is currently available on the Algorand blockchain, NIUM, Avalanche, IoTeX, MakerDAO, and numerous other blockchains.
Alchemy Pay price prediction
According to insights from CoinCodex, the ACH token shows bullish sentiments. The current market has ‘buy’ to ‘strong buy’ signals. Moreover, the data suggest that the ACH price may increase by over 102% later in March.
Meanwhile, ACH's current price is higher than its 50-day and 200-day simple moving averages (SMA). The current 200-day SMA is around $0.014, but it is expected to increase. Data suggest that the 200-day SMA will likely cross the $0.02 in April 2023. The 50-day SMA is expected to reach the $0.055 mark.
What will Alchemy Pay be worth in 2030?
According to various forecasts, the ACH coin will grow tremendously over the next few years. PricePrediction.net indicates that the coin’s value may average $0.079 in 2025. Five years later, in 2030, Alchemy’s worth may reach $0.5.
Will Alchemy Pay reach $1?
It is highly unlikely that the ACH token will reach the $1 mark anytime soon. Although the coin suggests bullish signals, it would need consistent long-term growth for that. The forecast from PricePrediction.net indicates that ACH may hit $1 in 2032.
Is Alchemy Pay a good investment?
Alchemy Pay is a growing hybrid payment solution for fiat/crypto transactions. The platform promotes blockchain-based transaction systems, which allow easy integrations with multiple blockchains and payment methods. It is also trusted by numerous big players like Binance and Shopify. As a result, its crypto, ACH, shows good potential as an investment.
Currently, the market is bullish for Alchemy’s token, as forecasts suggest gains of around 102% in March. The market sentiment for the token is also positive, which means now can be an ideal time to invest in the ACH coin. Nonetheless, it is advisable to note that all cryptocurrencies are extremely volatile assets; therefore, conducting your research before making any financial decision is crucial.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.