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Alchemy Pay
About Alchemy Pay
Alchemy Pay (ACH) is an Ethereum-based ERC-20 token used in the Alchemy Pay ecosystem, a hybrid crypto and fiat payment gateway. The platform integrates with mainstream systems to facilitate transactions with a mix of cryptocurrency and fiat payments. ACH is used for transaction fees, staking, rewards, and as a payment option. Alchemy Pay was co-founded by John Tan and Molly Zheng, combining expertise in payment systems and blockchain.
*Token:* Alchemy Pay (ACH) is a cryptocurrency token built on Ethereum's ERC-20 platform. It serves as the foundational currency and a utility token within the Alchemy Pay ecosystem.
*Platform/Project:* Alchemy Pay is a hybrid crypto and fiat payment gateway, developed with the intention of bridging the gap between traditional finance and the burgeoning world of decentralized finance (DeFi). It aims to facilitate smoother transactions by enabling merchants to accept a mixture of cryptocurrency and fiat payments. The platform integrates with a variety of mainstream systems, such as e-commerce platforms and traditional point-of-sale terminals, seeking to simplify and expand the use of cryptocurrencies in everyday commerce.
- Transaction Fees: ACH is used to pay for transaction fees within the network, promoting a seamless and efficient experience for users.
- Staking and Rewards: Holders of ACH can stake their tokens within the network to earn rewards and participate in the platform's growth.
- Payment and Settlement: Merchants can opt to accept ACH as a form of payment, and it can also be used for settlement processes within the Alchemy network.