Alchemy Pay bridges the gap between traditional currencies and cryptocurrencies and offers an easy ramp service to let mainstream businesses and users adopt crypto payments and enter the Web3 world. Alchemy Pay features an on-ramp service aggregating various payment methods, such as credit cards, bank transfers, and other local fiat currency payment options, to buy crypto conveniently.

The platforms off-ramp service lets users conveniently convert their crypto assets to fiat currencies. In addition to offering a crucial way for consumers and businesses to experience Web3, Alchemy Pay is closing the gap between the traditional fiat and crypto economies worldwide.

As of February 2023, Alchemy Pay supports fiat-crypto purchases from more than 170 countries. Its service enjoys widespread use in the European, North American, Latin America, and Southeast Asian regions, focusing primarily on emerging markets.

ACH is the utility token of Alchemy Pay and is an ERC-20 token issued on the Ethereum blockchain. It is used to pay transaction fees when using the platform and also gives its holders additional benefits, such as rewards for using the network, lower transaction fees, and more.

Alchemy Pay offers the following products:

Crypto On Ramp

Make direct purchases of cryptocurrencies using fiat currencies using the Crypto On-Ramp service. This feature allows businesses and consumers to purchase cryptocurrencies and enter the Web3 space.

Crypto Off Ramp

Alchemy Pays off-ramp service also makes selling crypto convenient and remitting over 50 fiat currencies directly into bank accounts. Businesses can integrate Alchemy Pays service into their interfaces to let their users directly convert their crypto holdings into fiat currencies quickly and with competitive fees.

NFT Checkout

Alchemy Pays NFT Checkout lets businesses, creators, and marketplaces offer users easy access to non-fungible tokens (NFTs). This solution lets users buy NFTs like they make regular eCommerce transactions with their credit or debit cards and other local payment methods.

Crypto Payment

The crypto payment solution by Alchemy Pay allows businesses to accept cryptocurrency as a payment method. The crypto payment gateway makes businesses appear more crypto-friendly and savvy, attracting more users and revenues.

Alchemy Pay was founded in Singapore in 2018 by professionals with experience in the fintech and traditional finance sectors. The protocol is developed and maintained by parent firm Alchemy GPS.

The Alchemy Pay token launched in September 2019, and its max supply of 10 billion tokens was pre-mined then. In 2021, Alchemy Pay announced the launch of MasterCard and Visa virtual cards to drive further adoption of its services among the mainstream audience.

The fiat-crypto on-ramp service was launched as a plugin and API in June 2022. Through 2022, the platform also announced partnerships, integrations, and support for multiple payment methods across 173 countries worldwide.

In 2023, the Alchemy Pay protocol plans to add support for more payment channels in key emerging markets, with a particular focus on Africa. It also has plans to introduce features such as a crypto wallet, crypto swapping, and remittances. Additional plans in the years second half include supporting multi-currency accounts, launching an NFT marketplace, and introducing ACH staking.

Alchemy Pay is an intriguing crypto asset to consider for investment, particularly if you have faith in the potential of Web3 and the widespread adoption of cryptocurrencies. As more businesses and consumers utilize Alchemy Pay's services for crypto payments and Web3, the ACH price could strengthen. Additionally, the introduction of the official staking program could further boost the ACH price, as it encourages more investors to use and invest in ACH. Furthermore, a positive market sentiment towards digital assets could also contribute to the strengthening of the Alchemy Pay crypto price.

While providing an accurate ACH price prediction over time is impossible, several factors play a crucial role in driving price action and volatility in ACH crypto. These include the level of adoption, announcements of new partnerships and developments, and market sentiment. The higher the adoption of Alchemy Pay, the higher the demand for ACH, which can drive up its value. Additionally, investor confidence in ACH is boosted by new partnerships and platform upgrades. Finally, a positive outlook towards cryptocurrencies and Web3 can contribute to an uptrend in the Alchemy Pay price.

ACH is the native utility token of the Alchemy Pay ecosystem and serves various purposes. It can be used to pay transaction fees within the Alchemy Pay platform, allowing users to purchase crypto, convert it to fiat currency, buy NFTs, and more. Holding ACH in your Alchemy Pay account can also provide discounts on transaction fees and rewards for network use. Additionally, businesses can pledge ACH during onboarding instead of paying integration fees, and ACH can be traded against other crypto assets in the market.

There are multiple ways to earn ACH crypto, including trading ACH/USDT on platforms like BYDFi to profit from market conditions. Another option is to participate in BYDFi Crypto Lending and earn daily interest rates by lending liquidity in ACH. Holding ACH on Alchemy Pay can also lead to discounts on transaction fees and rewards from network fees earned by the platform.

The maximum supply of Alchemy Pay tokens is fixed at 10 billion, with over 5 billion tokens currently in circulation as of February 2023. 51% of the total supply was allocated for incentivizing the adoption of Alchemy Pay's products and offerings. The remaining token supply was distributed among the Alchemy Pay team, project investors, transaction mobility, enterprise partners, and project advisors.