Alchemy Pay (ACH) is a Singapore-based payment solutions provider that was established in 2018. It aspires to bridge the gap between fiat and crypto economies, catering to global consumers, merchants, developers, and institutions. Alchemy Pay aims to provide a platform for both online and offline merchants to accept both fiat and crypto payments, facilitating potential integration into blockchain ecosystems and making decentralized finance (DeFi) services more accessible. The platform's native token, ACH, is an ERC20 token on the Ethereum blockchain. Alchemy Pay is currently supported in over 70 countries with 300 payment channels, reaching more than 2 million merchants through strategic partnerships.

Alchemy Pay operates by connecting a vast network of leading blockchain entities, over-the-counter and crypto exchanges, and remittance companies worldwide. This network enables the seamless movement of funds between fiat and crypto. Commercial businesses and developers can access Alchemy Pay's services by integrating its payment channels, APIs, and other Software as a Service (SaaS) solutions. Alchemy Pay's system is designed to support complex account infrastructures, complex payment models, and complex transactions, potentially with cost savings of decentralized applications. The platform also implements a large number of smart contracts to automate payments, making it easier for non-technical users and developers to utilize smart contracts.

Alchemy Pay has a wide range of potential use cases. It can be used by online and offline merchants to accept both fiat and crypto payments, making it easier for consumers to make purchases using their preferred currency. It can also be used by developers to integrate payment channels, APIs, and other SaaS solutions into their applications. Alchemy Pay can also be used by financial institutions and fund management firms to offer crypto services to their clients. Furthermore, Alchemy Pay can be used by individuals to borrow, make purchases, receive compensation through staking, and trade crypto assets directly.

Alchemy Pay was founded in Singapore in 2018 with the mission to bridge the gap between fiat and crypto economies. The founding team's experience in traditional finance and technology positioned Alchemy Pay to overcome long-standing barriers and drive mainstream adoption of cryptocurrencies. Since its inception, Alchemy Pay has grown significantly, now supported in over 70 countries with 300 payment channels. It has established partnerships with industry leaders, expanding its reach to more than 2 million merchants. The platform's native token, ACH, was pre-mined at its cap on September 4, 2019.

Unlike traditional banking systems, ACH transactions are processed in batches, which may reduce the cost per transaction. This could make ACH a preferred choice for businesses that need to process a large volume of transactions. ACH transactions are not limited by geographical boundaries, which may be beneficial for global businesses. ACH aims to provide a higher level of protection compared to various payment methods, as it uses a network and adheres to regulations set by the National Automated Clearing House Association (NACHA). ACH transactions can be tracked and reconciled, which may provide businesses with more control and visibility over their finances. However, it's important to note that the processing time for ACH transactions can be longer compared to various methods, especially for international transactions.

Alchemy Pay (ACH) strives to contribute to financial inclusion globally by leveraging the power of blockchain technology to facilitate smooth and efficient transactions. ACH seeks to bridge the gap between digital currencies and fiat currencies, providing a platform that allows for simplified and safeguarded transactions. This is particularly beneficial for individuals and businesses in regions where access to traditional banking services is limited or non-existent. By providing an alternative, digital means of conducting transactions, ACH may help to bring these underserved populations into the global economy.

Alchemy Pay strives to bridge the gap between traditional fiat currencies and cryptocurrencies, with a focus on enhancing the accessibility and practicality of cryptocurrencies for everyday transactions. This system facilitates merchants to process transactions in their local fiat currency, providing a convenient way to onboard users and give cryptocurrencies practical use for payments. Alchemy Pay also collaborates with various entities in the payment processing and remittance sectors, offering more than 300 fiat payment rails that crypto and blockchain services use to accept card and APM payments. This extensive network of partners and payment options is designed with a focus on global coverage, regulatory compliance, and high functionality, contributing to the wider adoption of cryptocurrencies.

Alchemy Pay provides users with the capability to complete transactions and purchases with a wide range of cryptocurrencies and fiat currencies. Alchemy Pay provides its own Point of Service Terminal and Payment Infrastructure for its payment networks and vendors, enabling them to structure their entire payment systems around Alchemy Pay. Upon integration of Alchemy Pay's infrastructure, merchants have the capability to process transactions in both crypto and fiat currencies. Alchemy Pay is compatible with various transaction types, including Customer to Business (c2b), Business to Business (b2b), Customer to Customer (c2c), and Enterprise Level transactions. It provides businesses with the capability to process transactions on a global scale, as Alchemy Pay has a reach spanning 170 countries and supports over 300 fiat channels. Alchemy Pay operates on the Ethereum blockchain, which is known for its robust security features. It supports a wide range of cryptocurrencies, including various tokens compatible with its system.

Businesses can integrate ACH (Automated Clearing House) for uninterrupted cryptocurrency payments by leveraging ACH APIs (Application Programming Interfaces). These APIs enable businesses to conduct automated payments through the ACH network for high-volume transactions, eliminating manual processes and facilitating the initiation, receipt, and tracking of payments at scale. An ACH payments API can facilitate uninterrupted bank-to-bank account transfers, potentially complementing existing APIs for recurring transactions. The ACH API tool aims to enhance operational efficiency. It acts as a technological conduit that facilitates electronic fund transfers with a focus on data protection, bridging different financial institutions and enabling automated transactions. ACH API functions by allowing businesses to initiate transactions through electronic networks, processing payments, credits, and debits, facilitating the process of fund transfers between parties. Security protocols, including encryption and authentication, safeguard sensitive financial information throughout the process.

Alchemy Pay's native token, ACH, serves a function in supporting decentralized finance (DeFi) ecosystems. ACH operates on both the Ethereum blockchain and the BNB Chain, making it available and interoperable within the blockchain ecosystem. It serves as a gateway to network access for merchants collaborating with Alchemy Pay and allows users to mine ACH, contributing to the ecosystem. ACH's multifaceted approach provides options within the network, aligning with Alchemy Pay's vision of promoting widespread adoption of digital currencies. It can be pledged, rewarded, accumulated, and used as fees, which encourages engagement with the crypto infrastructure. ACH plays a notable role in Alchemy Pay's transaction processing system, aiding seamless crypto transactions with retailers. It also confers voting rights in token governance or community-driven scenarios, encouraging active participation within the Alchemy Pay community. Thus, ACH is instrumental in connecting the realms of cryptocurrency and traditional fiat currency, providing users with varied flexibility in their financial transactions.

Alchemy Pay's system is designed to manage complex account infrastructures, intricate payment models, and multifaceted transactions with the efficiency and cost savings of decentralized applications. It also offers operational support for functions like merchant onboarding, reconciliation, and settlements through automated and transparent execution of smart contracts. Alchemy Pay has developed a credit scoring architecture to construct a certainty-driven ecosystem, with a focus on consensus-driven evolution. By concentrating on decentralization, large commercial application, security and trust, consensus-driven evolution, and high efficiency at low cost, Alchemy Pay seeks to incorporate cryptocurrency into the global payment macroeconomy.

Alchemy Pay (ACH) aims to provide several incentives and benefits for its ecosystem participants. One of the primary benefits is that ACH transactions strive to be cost-effective compared to some traditional payment methods. ACH payments also aim to enhance security, which could potentially reduce the risk of fraud and build trust among participants. They seek to provide convenience by eliminating the need for physical checks and trips to the bank, which could save time and reduce human error. For businesses operating on a subscription-based model, ACH payments aim to facilitate the easy setup of recurring billing, which may contribute to a more predictable operational process. ACH payments also intend to have faster processing times compared to some traditional methods, which may expedite operational processes. Lastly, ACH payments are being considered by some customers, which may influence business decisions.

Alchemy Pay has formed strategic alliances with several industry participants, demonstrating its intention to facilitate interaction between fiat and crypto systems. A significant partnership is with Trust Wallet, a self-custody and multi-coin wallet project. This collaboration allows Trust Wallet's 70 million users to engage in crypto transactions with various fiat payments directly within the wallet, supporting over 30 fiat currencies and transactions involving numerous cryptocurrencies across more than 100 blockchains. Another collaboration is with Worldpay, a global acquirer. This partnership expands Alchemy Pay's payment channels and capabilities, granting access to Worldpay's Visa and Mastercard payment rails on Alchemy Pay's On & Off-Ramp. This enables users to experience a different approach to customer interaction when engaging in crypto transactions using their credit and debit cards. Alchemy Pay has also partnered with Zero Hash with the intention of contributing to the blockchain industry and cryptocurrency market. These partnerships highlight Alchemy Pay's increasing involvement and presence in the industry.

Alchemy Pay provides a modular API that developers can utilize to create applications. This API aims to allow businesses to utilize Alchemy Pay's payment infrastructure to facilitate a payment experience for their users. Developers can integrate this API into their applications to allow users to engage in transactions online and offline using their cryptocurrencies, aiming to reduce reliance on traditional payment methods. Moreover, Alchemy Pay's API can be integrated into decentralized applications (dApps) and platforms, striving to facilitate the integration process. This aims to allow developers to provide on and off-ramp solutions for their users, intending to enable them to engage in cryptocurrency transactions using their preferred local fiat currency methods.