What is Alchemy Pay?
Alchemy Pay (ACH) serves as a payment solutions provider designed to integrate traditional fiat currencies with cryptocurrencies seamlessly. Its governance token, ACH, plays a pivotal role in the Alchemy Pay ecosystem.
Core Features of Alchemy Pay
Fiat and Crypto Payments
Alchemy Pay aims to equip merchants with the ability to accept payments in both fiat currencies and cryptocurrencies, whether online or in physical stores. This flexibility is vital in encouraging broader acceptance of digital currencies.
Fee Payment Options
Users can choose to pay transaction fees in either fiat or cryptocurrency. If individuals opt to pay using the ACH token, they benefit from discounted transaction fees, incentivising its use within the ecosystem.
White Label Cards
To support businesses, Alchemy Pay has introduced ‘White Label Cards’. This initiative allows companies to brand their own cards while using Alchemy Pay’s infrastructure and services, lowering the entry barrier for crypto adoption among businesses.
Governance and Rewards
The ACH token facilitates decentralised governance within the Alchemy Pay network. Holders of ACH not only influence decision-making processes but also access various DeFi rewards and services provided by the platform.
The Importance of Bridging Fiat and Crypto
Alchemy Pay addresses the significant challenge of reconciling fiat currencies with cryptocurrencies. By providing solutions for everyday transactions, Alchemy Pay is paving the way for increased cryptocurrency adoption. They believe that making this bridge will simplify the process, making it accessible for individuals from diverse backgrounds.
Relevant Sites Associated with Alchemy Pay
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