Alchemy Pay has emerged as a leading innovator in the cryptocurrency payment space, bridging the gap between digital and traditional finance. But does it truly deliver on its promises? Can it sustain global expansion?
This guide explores Alchemy Pay’s ecosystem, including its products, team, partnerships, and the utility of its native ACH token.
What is Alchemy Pay?
Alchemy Pay is a hybrid payment platform launched in 2018, enabling seamless transactions using cryptocurrencies, stablecoins, and fiat currencies. It integrates with major payment networks like Visa and Mastercard, serving as a gateway for crypto adoption in mainstream commerce.
Alchemy Pay’s Core Products
1. Alchemy Pay Wallet
A multi-currency wallet supporting instant crypto-to-fiat conversions. Features include loyalty rewards and integration with partnered merchants.
2. NFT Checkout
A secure payment solution for NFT marketplaces, accepting credit cards and bank transfers. Leverages Forter’s anti-fraud technology to ensure transaction safety.
3. Crypto Card
A virtual/physical card linked to crypto holdings, compatible with global retailers like Amazon and eBay. Supports Bitcoin (BTC), Ethereum (ETH), and stablecoins.
4. Crypto Payment Gateway
Allows businesses to accept crypto payments while receiving settlements in fiat. Ideal for e-commerce platforms seeking payment flexibility.
Key Features
- Fiat-Crypto Processor: Smart contract-based conversions with traditional payment rails.
- Offline POS Terminals: Enables transactions without internet connectivity.
- Virtual Crypto Cards: Linked to PayPal, Google Pay, and other e-wallets.
👉 Discover how Alchemy Pay revolutionizes payments
ACH Token: Utility and Metrics
What is ACH Coin?
ACH is an ERC-20 utility and governance token powering the Alchemy Pay ecosystem. It reduces transaction fees and facilitates cross-currency settlements.
Tokenomics (as of 2024)
| Metric | Value |
|---|---|
| Market Cap | $97,057,665 |
| Circulating Supply | 4,943,691,067 ACH |
| Total Supply | 9,999,999,999 ACH |
| 24h Trading Volume | $34,068,855 |
Allocation
- 40%: Payment Mining
- 18%: IEO/Team Each
- 11%: Fin-Eco Mining
- 6%: Network Mobility
Where to Buy and Store ACH
- Exchanges: Binance, Bybit, OKX.
- Wallets: MetaMask, Trust Wallet, Ledger (supports ERC-20).
Team, Investors, and Partners
Leadership
- John Tan (CEO): Ex-DBS Bank, Honeywell RSA.
- Molly Zheng (Chairwoman): Former PayPal China executive.
- Shawn Shi (Co-founder): Oak Grove Ventures.
Backers
- Raised $10M from DWF Labs (2023).
- Strategic alliances with Visa, Mastercard, and Google Pay.
Partners
Arbitrum, Sui, Binance, OKX, and MEXC.
Should You Invest in Alchemy Pay?
Pros:
– Pioneering crypto-fiat integration.
– Strong partnerships and investor confidence.
Cons:
– Regulatory uncertainties in some regions.
– Competition from established payment giants.
Tip: Diversify investments and assess risk tolerance.
FAQs
1. Is Alchemy Pay available worldwide?
Yes, but service availability varies by region due to local regulations.
2. How does NFT Checkout prevent fraud?
It uses Forter’s AI-driven fraud detection system.
3. What’s the difference between ACH and other payment tokens?
ACH focuses on hybrid transactions, unlike pure crypto tokens.
4. Can I stake ACH tokens?
Staking options depend on platform integrations; check official updates.
5. Is Alchemy Pay secure?
Yes, with smart contract audits and partnerships with cybersecurity firms.
Final Thoughts
Alchemy Pay stands out for its practical approach to merging crypto and traditional finance. While promising, investors should stay informed about market trends and regulatory shifts.
For real-time updates, follow Alchemy Pay’s official channels.