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4.7
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Market cap
$104.4M
Volume (24h)
$4.2M
Circulating supply
6.8B ACH
Typical hold time
35 days
Popularity
#97
All time high
$0.20
Price change (1h)
+0.01%
Price change (24h)
+1.23%
Price change (7d)
+0.11%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Alchemy Pay has risen by 0.11% in the past 7 days. The price increased by 1.23% in the last 24 hours. In just the past hour, the price grew by 0.01%. The current price is $0.0153 per ACH. Alchemy Pay is 92.33% below the all time high of $0.20.
The current circulating supply is 6,805,757,841.784 ACH.
ACH is an Ethereum token that powers Alchemy Pay, a platform that enables payments using a wide variety of fiat and cryptocurrencies. Fees are paid using the ACH token and users can earn ACH rewards for purchases.
Alchemy Pay (ACH) is a hybrid payment system that aims to connect traditional and cryptocurrency economies. Alchemy Pay provides integrated gateway solutions for merchant networks, developers, and financial institutions, enabling seamless acceptance of traditional and crypto payments by making crypto purchases, commercial transactions, and DeFi services easily accessible to consumers and institutions.
According to the whitepaper, Alchemy Pay cites two major issues that it seeks to address. Regular payment methods are complicated, and linking traditional and crypto payments is difficult. When it comes to traditional finance's complicated payment processing system, the procedure involves many intermediaries, each of whom charges a fee for their services. It is critical to have faith in intermediaries to accomplish any deal. Security and privacy processes spend a significant amount of resources preserving this confidence. As a result, transaction fees typically amount to 30–50% of the whole transaction value, with cross-border transactions even more difficult. Since individuals are accustomed to making payments in traditional currencies, cryptocurrency is not accepted widely in day-to-day transactions.
Alchemy Pay believes that a gradual transition to a decentralized world is more reasonable rather than replacing regular payments with crypto. Alchemy Pay intends to achieve this goal through crypto bridging and presenting a hybrid solution that is simple to use. The goal of Alchemy Pay is to use traditional currency to access blockchain services and value and cryptocurrency to access traditional finance services.
Alchemy Pay's main service is an all-in-one payment network for businesses. The platform allows users to make payments via traditional mobile wallets, cryptocurrencies, and credit cards in any system: offline (POS terminals and mobile devices), online, or through apps. Businesses can also choose to receive funds in traditional currency rather than cryptocurrency. The core idea is to merge traditional and cryptocurrency payments in merchant settlement systems that serve the following user categories:
Payments on a B2C and B2B basis for businesses: Through hybrid payment gateways, the platform seeks to enable businesses to transact with both retail consumers and other businesses, for example, cryptocurrency exchanges, e-commerce platforms, and brick-and-mortar retailers.
Institutions: By facilitating the exchange between conventional currency and crypto, the platform aims to enable financial institutions such as banks and fund management firms to offer crypto trading services to their clients.
Individuals: Individuals can borrow, purchase traditional and crypto assets, earn yield by staking, and trade crypto assets directly through the platform. Users can stake, acquire, and pay fees in ACH tokens to drive the Alchemy Pay ecosystem's functions and bestow voting rights in token governance.
Elaborating on the token, ACH is the native token of the platform. The whitepaper mentions that the ACH token enables a comprehensive crypto-fiat transaction infrastructure, allowing businesses, organizations, and people to exchange major currencies and crypto assets easily. Transaction and processing fees are paid in traditional currency or via ACH. Choosing to pay fees via ACH will result in a variety of fee savings, which will vary depending on the terms and circumstances of the participants. Also, users' voting rights on major business decisions and protocol modifications are distributed proportionally to ACH holdings. The platform also expects non-governance voting scenarios, such as opinion surveys and various promotional contests, to be facilitated by ACH holdings. Both ACH holders and non-holders can be qualified and incentivized to vote (or participate in some form) in various initiatives and campaigns using ACH. Additionally, transaction and DeFi rewards are distributed through ACH.
John Tan is the CEO of Alchemy Pay. He is a growth guru experienced in the business development of leading payment service providers and PR agencies. Shawn Shi is the chairman and cofounder and is a seasoned internet product entrepreneur with over ten years of expertise.
Through Alchemy Pay's services, ecosystem partners such as crypto-exchanges, e-commerce platforms, payment businesses, and financial institutions purchase and lock up ACH as per their client network size and predicted transaction volume. Staked ACH can be restored right away if the partner's access to the service is revoked, or it can be forfeited in circumstances of unfair or fraudulent behavior. Stakers have access to several tiers of DeFi products and services based on the value and duration of the pledge. Through Alchemy Pay's crypto-linked card, which offers spending rebates, users can benefit from making payments in ACH.
The total supply of ACH tokens is capped at 10,000,000,000 tokens.
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Conversion Table
ACH/CAD (Canadian Dollar)
CA$0.0208
ACH/GBP (British Pound)
£0.0126
ACH/BRL (Real)
R$0.0772
ACH/EUR (Euro)
€0.0145
ACH/NGN (Nigerian Naira)
NGN 11.86
ACH/SGD (Singapore Dollar)
S$0.0209
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We update our Alchemy Pay to USD currency in real-time. Get the live price of Alchemy Pay on Coinbase.
The current market cap of Alchemy Pay is $104.44M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Alchemy Pay is $0.20. This all-time high is highest price paid for Alchemy Pay since it was launched.
Over the last 24 hours, the trading volume of Alchemy Pay is $4.17M.
Assets that have a similar market cap to Alchemy Pay include BORA, Horizen, Polymath, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Alchemy Pay is 6.8 billion.
The median time that Coinbase customers hold Alchemy Pay before selling it or sending it to another account or address is 35 days.
Alchemy Pay ranks 50 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 88% of Coinbase users are buying Alchemy Pay. In other words, 88% of Coinbase customers have increased their net position in Alchemy Pay over the past 24 hours through trading.
Yes, Alchemy Pay is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Alchemy Pay guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.