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Alchemy Pay (ACH) is the 149th largest cryptocurrency in the world by market cap, valued at $329,700,000. The current price of Alchemy Pay is $0.03297, which is 0.641% higher than yesterday. Prices have ranged between $0.03602071 and $0.03170223 over the past 24 hours. All prices are listed in US dollars and accurate as of March 25, 2023 10:03 UTC.
Alchemy Pay is a pioneer gateway payment solution that aims to bridge the gap between the traditional economy and the cryptocurrency market. Having designed the first-ever hybrid crypto-fiat gateway solution, Alchemy Pay enables the creation of a secure and fast payment system where clients and enterprises have the liberty to transact in multiple currencies, be it in local fiat or crypto.
According to the project’s website, the innovative payment system was founded in 2018 and developed primarily for the Asian market. However, millions of people and numerous e-commerce companies now utilise Alchemy Pay, as the platform makes cross-border payments cheaper, more efficient, secure, and private. Beyond facilitating payments, Alchemy Pay also offers access to various decentralized finance (DeFi) products and crypto investments. These services are catered towards new cryptocurrency users and financial veterans alike.
ACH is the native utility token of the protocol. ACH tokens are required by all all large ecosystem participants such as cryptocurrency exchanges, e-Commerce platforms, and payment companies. The amount of ACH tokens “pledged” will determine what DeFi services are accessible. ACH is also used to promote ecosystem incentives and DeFi rewards. Finally, the token is also used to govern the Alchemy Pay protocol. All token holders have the right to vote on development proposals.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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