Alchemy Is Using Blockchain to Facilitate Efficient Crypto-Fiat Payment Services

chudidonas (42)in #alchemy • 5 years ago (edited)

Alchemy, a global cryptocurrency payment solution and a provider in technology based in the Pacific Asia that specializes in handling both online and offline clients with consistent, fast and safe digital fiat payment solutions. The brand name is Alchemy, while ACH is the Token used by Alchemy. The main goal of Alchemy Global Payment Solutions is to make available faster product development and open source protocols for it merchants and partners to assist them with easier and safe worldwide payment systems that is on a consensus mechanism, decentralization, and smart contracts basis, directly from blockchain technology. Through Alchemy’s ecosystem partners in the mobile application suite and it top notch experience, it’s evident that the Alchemy team will takeover the payment industry and technology in this blockchain dispensation and the payment systems and solutions would be made popular where majority of merchants relies on the traditional payment method.

Interestingly, Alchemy is outrightly backed by blockchain decentralization, coupled with smart contracts and consensus mechanism and thus, it would be easier for merchants and the payment industry players to accept the advancement that the payment technology is experiencing in this era that’s coupled with the availability of open source protocols and R&D platform to make more efficient transnational payments so as to provide a very easy, very safe and very flexible global payment solutions and systems.

Advantages of Alchemy

The consensus protocols for Alchemy can be made accessible on all blockchain like Ethereum, Stellar, Bitcoin, and some other notable networks like Raider Network.
It support offline cryptocurrency solutions as to smartphones and smart POS.
It supports both payment and transfer of crypto and fiat and vice versa.

Alchemy Ecosystem

There’s a comprehensive online and offline ecosystem partner network that covers industry solution providers, merchants, payment companies, developers and many more.

How does Alchemy Payment Solution represent Tokenized Ecosystem?

No doubt, due to the Alchemy payment consensus mechanism, partners are allowed to provide merchants with cryptocurrency bill payment solution. There’s also the two layer expansion of network that have been coordinated and modified to compete largely with fiat and accelerate payment and to also upgrade experience and make popular cryptocurrency. It also ensures that offline solutions are decentralized for the interaction between fiat and cryptocurrency and to also assist partners that have business resources. And lastly, Alchemy will make available tokens as a reward for it ecosystem users. This reward will be generated from transaction profits and token reservations.

ACH Token

It is expected that about over 2 billion token will be made available at the beginning and close to 2 billion will be locked afterwards. About over 5 billion will be shared among he participants across the network and mining. And in order to ensure that there’s a continuous flow, over 5 percent of the overall token will be locked in Alchemy payment as lubrication.

In conclusion, Alchemy aims to address the problems that existing blockchain payments are facing which include; nonavailability operational support, infrastructure, basic payment features, and so on. With Alchemy, there will be operational support, availability of infrastructure, transnational transactions will be made easier and at a low cost etc.