ACH Is the Token Driving Global Crypto Payments

ACH Is the Token Driving Global Crypto Payments 

 

ACH is the cryptocurrency token driving the adoption of Alchemy Pay’s crypto payments around the world. Alchemy Pay enables real-world crypto payments and mainstream-friendly access to crypto services. It has had an incredible rise over the past year, partnering with the likes of Binance Pay, Shopify, Checkout.com, Polygon, Avalanche, and VeChain.

Founded in Singapore in 2018, Alchemy Pay (ACH) is a payment solutions provider that connects fiat and crypto payments for global consumers and businesses. It provides online and offline merchants with the convenience of both fiat and cryptocurrency. It also makes crypto services accessible to mainstream users.

ACH is the token that incentivises clients and investors attracted to the advantages Alchemy Pay’s crypto payment solutions offer them and their businesses. It is listed on Bithumb, Binance, Coinbase, Huobi, Bybit, MEXC, Pancake Swap, Uniswap, and many more. Alchemy Pay is supported in more than 70 countries with more than 300 payment channels and touch points and more than 2 million merchants.

ACH is used to pay transaction (gas) fees when Alchemy Pay’s clients leverage the power of its global payment network. For transactions on the Alchemy Pay network, clients pledge ACH and are then rewarded with discounted fees and ACH rewards depending on transaction volume.

The growth of the ACH token has helped create a thriving online community of investors and rewarded the clients and partners for encouraging the expansion of the partner network. The transaction fees collected in ACH are used to fund the growth and development of Alchemy Pay’s network and services.

The ACH rewards and fee structure provide an organic and sustainable budget to attract and onboard new businesses for continuous expansion. ACH value is correlated to network growth that is likely to occur exponentially as the crypto payments market expands with time. Coin Telegraph’s report on payment tokens suggests that, as the market expands, ACH will reach just under $10 by 2030.

Alchemy Pay has 300+ fiat payment channels and its crypto acceptance system is supported in over 70 countries by over 2 million merchants. Token Insight’s Digital Assets Payment Industry Research Report 2021 highlighted Alchemy Pay’s unique crypto-fiat payment model. It has stated that "it has the most complete product ecosystem with integrated payments."

ACH is an ERC-20 token native to the Ethereum blockchain, but it is also now available on the Binance Smart Chain as a BEP-20 token via Multichain’s bridging platform. Alchemy Pay is also a member of the Blockchain Association Singapore and the Blockchain Infrastructure Alliance. Alchemy Pay’s token, ACH, runs on the Ethereum blockchain.