An Ethereum-based (ETH) altcoin project is skyrocketing after announcing a series of upcoming updates.
Amid a series of announcements, payments platform Alchemy Pay (ACH), known for being a protocol that works with both fiat and crypto, is up 179% in the last seven days.
ACH, its native token, quadrupled in price in less than a week. ACH went from its seven-day low of $0.0160 all the way up to $0.0482, a 200% increase. The asset has since retraced and is moving for $0.0423 at time of writing.
According to Alchemy Pay, the protocol has a new on-ramp feature that will now integrate Google Pay, allowing customers to purchase quickly using fiat currency.
“Alchemy Pay’s ramp services enable a very direct way to make crypto purchases using fiat payment methods, while allowing users to custody their own crypto once purchased — a key feature of the decentralized Web3 movement.”
ACH also says it’s going to switch its management style from a centralized authority to a committee-based system.
“As of January 1st, 2023, Alchemy Pay has transitioned from a centralized management system to a committee-based management system. Following a successful trial period, this change is now official and is hereby announced.
The Alchemy Pay founding team believed that the implementation of a committee-based management structure would share the pressures of running the business, while bringing in more professionals and expertise.”
ACH is also starting a partnership with Binance, the world’s largest crypto exchange by volume. In a new announcement, Binance says that perpetual contracts with up to 20x leverage will be launching on ACH.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
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 losses 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/Sep21 Studio/cgterminal
