Place/Date: - February 10th, 2022 at 2:00 am UTC · 3 min read
Contact: AscendEX, Source: AscendEX
Alchemy Pay’s goal is to bridge the gap between the crypto and fiat worlds. Through their open-source protocols, they assist their ecosystem partners in enabling them with fast, secure, convenient, flexible, and fast-growing global payment solutions. The platform is built on decentralization, smart contracts, consensus mechanisms, and other blockchain technology features. Alchemy Pay is the first and only hybrid crypto and fiat payment project that has developed partnerships with industry leaders from both industries, including Binance Pay and Shopify.
Alchemy will support payment industry players to embrace a new era of payment technology by taking advantage of a series of open-source protocols and an open R&D platform to improve the efficiency of cross-border payments. This strategy will provide merchants and customers with a faster, more secure, and flexible global payment solution.
The team’s strength lies in its deep understanding of the payment industry and its solid operational experience. ACH is already a popular network solution amongst many tech companies in Asian markets. Through the adaptation layer of the blockchain network, the Alchemy payment consensus protocol can be deployed seamlessly on various public networks. The team has already announced strong network partnerships, such as Polygon, Near, Tron, Chainlink, and more.
Alchemy aims to design a payment protocol through community consensus, build a decentralized, trust-powered infrastructure, and bring cryptocurrency transactions into the mainstream. Most importantly, ACH strives to return payment rights to merchants, customers, and the market overall. The ACH token functions as the vital incentive tool that rewards participants for using Alchemy Pay products and services like staking and liquidity mining.
AscendEX is a global cryptocurrency exchange with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.
AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.
Alchemy Pay is the first and only hybrid crypto and fiat payment project that has developed partnerships with industry leaders from both the fiat and crypto world, including Binance Pay and Shopify. Alchemy Pay bridges the gap between the crypto and fiat economies to accelerate crypto and blockchain adoption globally.