Buy Alchemy Pay

Alchemy Pay (ACH) is a hybrid payment system that bridges traditional fiat currencies, such as the Euro and the Dollar, and cryptocurrencies such as Bitcoin and Ethereum. The platform allows both individuals and businesses to make and receive payments in fiat and crypto, allowing for greater flexibility in transactions.

A key advantage of Alchemy Pay is its accessibility. The platform offers Point-of-Sale (POS) terminals and a robust payment infrastructure that allows businesses to easily integrate their payment system with Alchemy Pay. This allows brick-and-mortar stores, e-commerce platforms, and small businesses to easily accept payments in both fiat and crypto. This allows merchants to benefit from blockchain technology without the complexity often associated with crypto transactions.

Alchemy Pay is not only focused on crypto trading, but also offers solutions for global business transactions. The platform supports various transaction models, such as Customer-to-Business (C2B), Business-to-Business (B2B), and Business-to-Enterprise (B2E) transactions. Users and businesses in over 70 countries can enjoy the benefits, supported by over 300 fiat channels worldwide.

Based on the Ethereum network, Alchemy Pay leverages the security and efficiency of smart contracts. This ensures that transactions are executed in a decentralized manner, which not only increases security but also improves the speed and efficiency of payments.

An innovative feature of Alchemy Pay is the ability to convert crypto payments to fiat currency instantly. This protects merchants from the volatility of the crypto market and allows them to accept crypto payments while receiving their desired fiat currency.

In addition, Alchemy Pay offers a unique solution for purchasing NFTs. Thanks to its NFT checkout system, users can purchase NFTs directly with fiat currency, without the complicated steps of blockchain transactions. This simplifies the process, similar to a regular e-commerce purchase.

Who founded Alchemy Pay?

Alchemy Pay was founded in 2018 by Shawn Shi, a former VP of Technology at ZhongAn, a major Chinese insurance company. With his experience in technology and finance, he brought a fresh perspective to the blockchain sector, which led to the creation of Alchemy Pay. The current team consists of seasoned professionals, including CEO John Tan, a business development specialist with over eight years of experience in the payments industry. Molly Zhang, a senior advisor with over 20 years of experience at PayPal China, HSBC China, and Mastercard China, also plays a key role. Together with other core members such as CTO Liang Chuan, the team is working to implement Alchemy Pay globally.

Alchemy Pay offers various features and applications that provide flexibility and convenience for both individuals and businesses:

• Fiat and crypto payments: Users can make payments in both fiat currencies and cryptocurrencies, providing flexibility for conducting transactions across the blockchain.
• On- and off-ramps: The platform makes it easy to buy and sell crypto, with crypto automatically converted to fiat and sent directly to the user's bank account.
• NFT purchases: The NFT checkout system allows users to purchase NFTs directly with fiat currency, without using dedicated crypto exchanges or NFT marketplaces.
• Staking and rewards: ACH token holders can stake their tokens to earn rewards and generate passive income within the Alchemy Pay ecosystem.
• Remittances: Alchemy Pay makes cross-border payments fast and affordable, making it a great choice for international transactions.

When a user wants to pay with cryptocurrency at a store that supports Alchemy Pay, the process starts with generating a transaction order via the merchant’s POS app. The app uses Alchemy Pay’s Software Development Kit (SDK) to gather a collection address and transaction details. A QR code is then generated that the user can scan with an Alchemy Pay wallet. The payment is authorized, and within seconds the transaction is processed and recorded on the blockchain. The merchant is immediately notified of the successful payment.

On- and off-ramps

Alchemy Pay offers both on- and off-ramps, meaning users can buy and sell cryptocurrencies in exchange for fiat currency. Users can easily convert crypto to fiat on the platform, with the funds being transferred directly to their bank account. This process is seamless and simplifies the interaction between fiat and crypto payments.

POS terminals

Alchemy Pay offers easy-to-use POS terminals that allow businesses to accept crypto payments. These terminals are simple to install and even work offline, allowing businesses to continue processing payments even during internet outages. This is a great advantage for businesses operating in locations with unreliable internet connections.

Smart contracts

A key technological innovation of Alchemy Pay is the use of smart contracts. These automate the payment process, provide additional security and increase efficiency. Smart contracts allow payments to be processed quickly without third-party intervention, making the process more secure and reliable.

The ACH token is the native token of Alchemy Pay and functions on the Ethereum network as an ERC-20 token. This ensures compatibility with other Ethereum-based projects and wallets. The main features of the ACH token are:

• Transaction fees: ACH is used to pay transaction fees within the Alchemy Pay network.
• Governance: ACH holders can vote on important decisions regarding the development and policy of the platform.
• Discounts: Users who own a certain amount of ACH tokens will receive discounts on transaction fees.

The maximum supply of ACH tokens is set at 10 billion, much of which is already in circulation. This limits supply and allows the value to increase as demand grows.

Users can easily stake ACH tokens by locking them on the platform to receive rewards. This involves locking the tokens for a certain period of time, with users receiving compensation in the form of additional ACH tokens in return.

The staking process is user-friendly and does not require any deep technical knowledge. Users simply choose the amount of tokens they wish to stake, and the platform handles the rest automatically. Rewards are distributed periodically and can be re-staked to further increase the total return. For long-term ACH holders, staking is an attractive option to generate additional returns without having to sell their tokens.

Alchemy Pay solves significant and common problems in the crypto space. The project distinguishes itself from other projects with the following unique features:

• Hybrid payment gateway: The platform combines fiat and crypto payments within one system, allowing both businesses and consumers to use both currencies without any technical hurdles.
• POS terminals for offline use: The unique Point-of-Sale terminals allow businesses to accept crypto payments even without an internet connection, ensuring continuous payment processing.
• Instant crypto to fiat conversion: Alchemy Pay converts crypto payments to fiat currency instantly, protecting merchants from crypto market volatility.
• NFT checkout with fiat: Users can easily purchase NFTs with fiat currency, making the purchasing process as quick and easy as a regular e-commerce transaction.
• Global reach: Alchemy Pay operates in over 70 countries and supports over 300 fiat channels, making it a leading international payment network.

You can purchase Alchemy Pay (ACH) from Bitvavo, a platform suitable for both novice and experienced traders. Follow these steps to buy ACH via our website or app:

1. Create an account or log in to your existing Bitvavo account.
2. Deposit money by clicking "Deposit".
3. Head to the Alchemy Pay buy page.
4. Enter the amount in euros you want to invest or the number of ACH tokens you wish to buy and click "Buy".

The price of ACH is directly linked to the current market value. After purchase, the ACH tokens are immediately added to your Bitvavo account, where you can easily manage and trade them, so you can quickly respond to market changes.

Want to store your ACH tokens safely? Bitvavo offers a secure storage solution by keeping the majority of funds in offline cold storage, ensuring maximum security. For additional account security, we recommend enabling two-factor authentication (2FA), which requires you to enter a unique code in addition to your password for access.

Additionally, most hardware and software wallets support the storage of ACH tokens. If you want to transfer your tokens to an external wallet, make sure you enter the correct wallet address in your Bitvavo account so that you can safely and smoothly transfer your ACH tokens to an external wallet.