Singapore, September 21, 2021 — Alchemy Pay is now using Chainlink Price Feeds to enable users to buy crypto on decentralized exchanges (DEXs) and obtain loans in leading DeFi lending platforms directly from wallets using Alchemy Pay’s ERC-20 utility token, ACH.
Chainlink Price Feeds help assure users that they are receiving fair market exchange rates when purchasing assets directly via their wallets on DEXs like Uniswap, Sushiswap, and ForTube using their ACH, as well as when collateralizing DeFi loans with ACH.
“It is crucial to the success of our payment gateway solution that the value of ACH is accurately shared…
Update 11 Aug 2021: ACH is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers are now successfully logging in to buy, sell, convert, send, receive, and store ACH.
Support for ACH is available in all of Coinbase’s supported jurisdictions. ACH-USD and ACH-BTC trading pairs are supported.
For more information about the Coinbase listing, please refer to the ACH announcements from Coinbase:
Legal Disclosure: from time to time we will engage in transactions of our own tokens.
We have arrived at the 2nd quarter of the year 2021, a full year since the onset of the pandemic. As with almost every industry, the payment industry has been shaken up as well. With government regulations of having to stay home and considerations for personal hygiene, cash payments have lowered considerably.
“The pandemic accelerated the decline of cash by over three years, exceeding in 2020 our previous projection for 2023. Cash was used for 20.5% of our global POS volume in 2020, a 32.1% reduction from 2019.” — FIS, The Global Payments Report
On top of that, the convenience…
The payments industry has made quantum leaps in how consumers pay and merchants receive their dues. From the advent of the internet, digital payments have made great advances which weren’t possible before.
Here’s a quick look from Cashbook’s website.
While informative, this list is not exhaustive, the payments industry has seen multiple disrupting changes beyond what’s listed here, such as digital wallets, buy now pay later, Instant Payment Systems, amongst others.
You might feel that as a consumer, you are spoilt for choice with these many new forms of payment systems available to you and being saturated with innovative solutions…
Credit cards have effectively disrupted the daily lives of the consumer with the benefits it offers to both merchants and consumers. Merchants are guaranteed payment (assuming no chargebacks) once the transaction is authorized — removing the uncertainty of receiving a bad cheque and consumers are granted a credit line where they do not have to calculate their remaining balance in their bank account before making a purchase as long as it does not exceed the maximum credit granted by the issuing bank.
These benefits are essentially conveniences to both merchants and consumers, but what consumers do not realize is the…
It has been a year since the onset of the COVID-19 pandemic which has drastically warped how our world operates. In a bid to adapt to the changing landscape, countless industries have been shaken by national and regional policies to curb the spread of the virus. The entire payment industry — while not mandated by governmental polices — were forced to innovate as global shopping patterns shifted.
The virus had forced businesses to rethink their way to conduct business in a world where decreasing consumers leave their house to purchase daily necessities or shop in brick-and-mortar shops in large groups…
Cryptocurrencies transactions, as a medium of exchange, bring about some inherent advantages to transacting over fiat currencies due to its nature of taking place over the blockchain.
In simple terms, blockchain allows two parties to transaction without the need for third parties. For instance, payment with credit cards between a merchant and consumer requires many intermediaries to make possible — from card networks (e.g. Mastercard/VISA), credit card issuers, payment gateways, merchant acquirers and more.
The streamlining of this process provides a myriad of advantages for both the payee (businesses) and payer (consumers). …
The digital currency industry has witnessed significant development — from multiple countries proposing their own Central Bank Digital Currencies (CBDC) to an increasing number of start-ups building business ecosystems centered on digital currency payments — and increasing evidence that the industry’s growth will be fueled by innovative payment solutions. To encourage developers within the digital currency industry to use Alchemy Pay Ecosystem to conduct their business and improve ACH token liquidity, Alchemy has launched a $500,000 Payment Ecosystem Incentive Fund.
1. About the Incentive Fund
· The Alchemy Payment Ecosystem Incentive Fund will drive blockchain and other relevant…
I. What is AlchemyPay?
AlchemyPay is a payment consensus protocol system used to create “the world’s most adaptive decentralized (DeFi) encrypted payment ecological infrastructure”.
II. What are the characteristics of AlchemyPay?
Simple to use and highly adaptable
1. Use the simplest operation interface on the front end to allow the payee to realize cryptocurrency collection without too much learning;
2. Compatible with mixed payment of legal currency and encrypted currency;
3. Compatible with real-time exchange of different legal currencies and different cryptocurrencies;
4. Compatible with almost all mainstream payment methods such as POS, APP, and Web;
What is Alchemy Pay?
Alchemy Pay, as the payment consensus protocol system used to create “the world’s most adaptive decentralized (DeFi) encrypted payment ecological infrastructure”, has signed 2 million merchants and more than 3,000 merchants actually use it, which is easy to use and highly adaptable.
Today, with the gradual popularity of encrypted payments, the Alchemy payment system is playing an increasingly important role.
Why is the future value of Alchemy payment system immeasurable?
Because the Alchemy payment system provides a set of feasible solutions for the further popularization of global digital currencies.
By integrating dozens of complex technologies, Alchemy…