Alchemy Pay Small Marketcap Gem blowing up with big partnerships including Binance, Crypto.com, Polygon, NEO, TRON, NEAR, ARPA

What is Alchemy Pay (ACH)?

Alchemy Pay (ACH) is a HYBRID CRYPTO/FIAT PAYMENT GATEWAY/Channel. Primary targets of Alchemy Pay is Retailers, Merchants (both physical and online), and blockchains as well as hoping to cement ACH as a form of currency itself.

What does this mean?

Example: Your a mom and pop shop and you want to start accepting crypto. Typically you will now have to pay a second payment gateway and or point of sales to manage CRYPTO transactions in addition to your FIAT transactions. BENEFITS Streamlining payments, now you can accept both FIAT/CRYPTO from a single point of sale device and pay a single payment gateway to manage your payments. Also Alchemy Pay has significantly lower fees than your standard payment gateways. These Point of Sales systems are already deployed in Asia and Europe across 2 million merchants. Examples of payments below -

PriceRite Instant BTC payment - https://www.youtube.com/watch?v=HSJRUFKkrzY

Cab Instant Payment - https://www.youtube.com/watch?v=GeLDcHUB-Kk

Various location payments - https://www.youtube.com/watch?v=tAZ21ARZh-g

How do ACH tokens come into play?

If you are a merchant utilizing the Alchemy Pay Gateway/Channel you must hold Alchemy Pay tokens in a node as collateral for payments processed and in addition Alchemy Pay tokens are mined (40% of supply will be mined over 5 years) as rewards given to the payer and recipient during crypto transactions. Increased rewards for utilizing ACH tokens for payments for both payer/recipient thereby encouraging adoption of ACH as a currency. ACH/AMP/XRP are very similar in this regard.

Both the Alchemy Pay Wallet and Alchemy Pay Point of Sale apps are available on Google Play Store and Apple App store, though rewards/mining has not been enabled yet (2022 whitepaper soon to be released with details)

Sources:

Whitepaper - https://file.alchemytech.io/Alchemy_WP-EN.pdf

Project Outline - https://file.alchemytech.io/Alchemy-PD-EN.pdf

But that's not all! Alchemy Pay strives to be more than just a payment channel. Alchemy Pay has recently secured FOUR partnerships to manage On-Ramping FIAT with THREE Layer 1 blockchains TRON, NEO, NEAR Protocol, and ONE Layer 2 blockchain Polygon/MATIC. With MATIC being easily the most important considering the implications of On-ramping FIAT onto an ETHEREUM layer 2 to allow for quick entrance into DEFI without bank/exchange/KYC intervention required. Top that off with Alchemy Pay already partnering with Crypto.com Pay and Binance Pay allowing for Crypto-FIAT transactions for both parties worldwide.

Other announcements/projects include Global NFT Cryptocurrency VISA/MASTERCARDs supporting up to 40 cryptocurrencies being deployed Q4 2021 as well as providing white label services for other blockchains, corporations, and financial institutions partnering with Ting Song and 6 to be revealed NFT artists.

Polygon Article - https://news.bitcoin.com/polygon-deploys-fiat-on-ramps-via-alchemy-pay-enabling-direct-fiat-payments-for-defi/

NEO Article - https://twitter.com/AlchemyPay/status/1458816998478159872

Tron Article - https://twitter.com/AlchemyPay/status/1460247169622061061

NEAR Article - https://medium.com/nearprotocol/near-integrates-alchemy-pays-hybrid-gateway-joins-the-blockchain-infrastructure-alliance-a9454a2f163a

Crypto NFT Card tweet link - https://twitter.com/Song11Ting/status/1456451475589111813

Alchemy Pay has big partnerships and a bright future and in my opinion one of the most slept on ALTCOINs on coinbase with a below $300M marketcap and having recently broken $0.10, I see plenty of growth potential. A big reason I believe Alchemy Pay hasn't took off is there focus on the ASIAN/EUROPEAN market's which is still a huge portion of the world's population. There's even more hidden in the whitepaper but I could spend all day posting information from the whitepaper take a read yourself. Regardless DYOR and decide the importance of bridging old legacy FIAT systems and cryptocurrency as we transition into an ever growing digital economy.

Slides showing Binance Pay/Crypto.com Pay partnerships - https://imgur.com/a/jllGL20

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