Since its inception in 2018, Alchemy Pay has strived to bridge FIAT and cryptocurrencies by operating as a “hybrid payment system”. The company seeks to achieve this through the use of payment gateways that use second-layer solutions such as the Lightning Network, smart contracts, etc.
Alchemy notes that while many blockchain developers have chosen to try and leave FIAT behind entirely, it believes a transitional service will be much more useful. The company notes that it faces 3 main challenges – each surrounding business application and cryptocurrency performance.
Some product features touted by Alchemy Pay include,
- Smart POS (point of sale) terminals supporting FIAT and cryptocurrencies simultaneously
- In-App Payment SDK
- Online and Offline Cryptocurrency Payments
Within the Alchemy Pay ecosystem, tokens known as “ACH” are used in a variety of ways – extending to payments, rewards, voting rights, and more. Alchemy Pay indicates that the structuring of the ACH is such that it incentivizes the growth of the ecosystem. These ERC-20 based tokens maintain a cap of 10 billion.
Alchemy Pay says it operates in over 70 countries, has a team of over 60 people and supports over 300 FIAT channels. Operations are led by CEO, John Tan.
We list the 3 main exchanges that offer the possibility to buy Alchemy Pay (ACH) cryptocurrency with a credit card, debit card or bitcoin (BTC).
Binance is one of the largest and best-known cryptocurrency exchanges in the world. The benefits of buying Alchemy Pay (ACH) here are both lower fees than competing exchanges and increased liquidity allowing you to buy and sell quickly to take advantage of moving market news.
This exchange is ideal for investors residing in Australia, Canada, Singapore, UK and overseas. US residents are prohibited from the purchase of Alchemy Pay (ACH).
Read our Binance review or visit Binance.
Use the discount code: EE59L0QP for 10% cashback on all trading fees.
Coinbase is a publicly traded crypto exchange listed on NASDAQ. It is one of the most widely used exchanges in the United States and accepts clients from over 100 countries, including Australia, Canada, Singapore, and the United Kingdom.
Over $460 billion in volume has been traded by over 70 million users on Coinbase. Security is a key feature, with 98% of customer funds stored in secure offline storage. The platform is simple to use and is available on desktop, Android and iOS, offering trading opportunities in over 140 cryptocurrencies including Alchemy Pay (ACH).
This exchange currently accepts US residents outside Hawaii.
Read our Coinbase review or visit Coinbase.
Founded in 2013, Gate.io has grown into a reputable trading platform. Although not the most popular exchange, it offers users an easy-to-use interface for beginners while maintaining robust and advanced charting for different skill levels, including technical traders. The exchange offers a large number of altcoins, including Alchemy Pay (ACH), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts US residents excluding New York and Washington State.
Read our Gate.io review or visit Gate.io