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The Daily Hodl
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Amid a Staggering 7,280% Rally, Alchemy Pay (ACH) Gears Up to Launch Major Crypto-Fiat Gateway

by Daily Hodl Staff
August 9, 2021
in Altcoins, Ethereum
Featured Image: Shutterstock/Mattia Mazzucchelli

8.9.2021

Featured Image: Shutterstock/Mattia Mazzucchelli 8.9.2021

Alchemy Pay (ACH), a crypto project that’s surged more than 7,280% in the past two weeks on the heels of a listing on Coinbase, says it’s rolling out a virtual card that will be accepted across millions of merchants on the Visa and Mastercard networks.

The move is designed to spur the adoption of numerous cryptocurrencies, allowing people to spend their digital assets in the real world.

The crypto-linked card will support more than 40 types of digital assets and can be used on popular e-commerce platforms like Amazon and eBay, according to an Alchemy press release.

The virtual card can also be linked to digital wallets like Google Pay and PayPal. Alchemy expects to roll out the card services by the end of the year or early 2022.

Alchemy Pay is a hybrid crypto and fiat payment gateway that operates in 65 countries. Users can receive payments in their preferred local currency regardless of the sender’s payment method and currency.

According to the company’s website, consumers are incentivized with competitive transaction fees. The payment protocol also rewards customers with the project’s Ethereum-based ACH tokens for every crypto transaction. Partners are rewarded with ACH by integrating with Alchemy and enabling crypto payments for merchants.

ACH is trading around $0.11 at time of writing after hitting a low of about $0.001355 on July 21st, according to CoinGecko.

ACH initially surged after being listed on Coinbase Pro and then across all of Coinbase’s platforms. The crypto exchange Binance also partnered with Alchemy Pay to streamline client and merchant payment services across fiat and digital currency systems.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mattia Mazzucchelli

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