{"id":"alchemy-pay","version":1,"language":"en","title":"Alchemy Pay","hidden":false,"content":"**Alchemy Pay** (ACH) is a platform connecting fiat and cryptocurrency economies, enabling businesses to accept crypto payments and providing users access to crypto and [web3](https://iq.wiki/wiki/web3) services. Acting as a bridge between traditional and digital currencies, it aims to drive [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) adoption globally.[\\[1\\]](#cite-id-7zt8wk6toxv)[\\[2\\]](#cite-id-w7meieq7uq)[\\[3\\]](#cite-id-abtpjq04jbb)  \n$$widget0 [YOUTUBE@VID](-_YBmXXziT8)$$  \n  \n# Overview  \n  \nAlchemy Pay, established in Singapore in 2017, operates as a payment solutions provider aiming to bridge the gap between [fiat](https://iq.wiki/wiki/fiat-money) and [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) economies across 173 countries. It offers a variety of services, including on- and off-ramps for [crypto](https://iq.wiki/wiki/cryptocurrency) and [fiat](https://iq.wiki/wiki/fiat-money), white-label [crypto](https://iq.wiki/wiki/cryptocurrency) card solutions, and [NFT](https://iq.wiki/wiki/non-fungible-token-nft) checkout. The ACH token functions within its network.  \n  \nPartnered with various enterprises and [blockchain](https://iq.wiki/wiki/blockchain) networks, Alchemy Pay strives to facilitate access to [crypto](https://iq.wiki/wiki/cryptocurrency) and [Web3](https://iq.wiki/wiki/web3) services globally. Through collaborations with leading entities like [Binance](https://iq.wiki/wiki/binance) and Shopify, it endeavors to enable convenient, secure, and cost-effective transactions for consumers and institutions worldwide.  \n  \nMoreover, Alchemy Pay plays a founding role in the [Blockchain](https://iq.wiki/wiki/blockchain) Infrastructure Alliance (BIA), alongside networks such as [Polygon](https://iq.wiki/wiki/polygon) and [Algorand](https://iq.wiki/wiki/algorand), working to shape the [blockchain](https://iq.wiki/wiki/blockchain) industry. Additionally, as a member of the Singapore [Blockchain](https://iq.wiki/wiki/blockchain) Association, it contributes to promoting [blockchain](https://iq.wiki/wiki/blockchain) literacy and fostering a robust talent pipeline for the digital economy in Singapore. [\\[1\\]](#cite-id-7zt8wk6toxv)[\\[4\\]](#cite-id-7a4gi4r4xie)[\\[2\\]](#cite-id-w7meieq7uq)[\\[5\\]](#cite-id-bsp77jf1924)  \n$$widget0 [YOUTUBE@VID](k1zfAW-4DBg)$$  \n  \n## Anti-Fraud Solutions  \n  \nAlchemy Pay places a high priority on security, aiming to enhance user confidence through the implementation of robust fraud prevention measures and partnerships with regulated [KYC](https://iq.wiki/wiki/know-your-customer-kyc) and [AML](https://iq.wiki/wiki/anti-money-laundering-aml) providers. The Alchemy Pay Ramp Solution operates as a non-custodial payment gateway, ensuring that purchased assets are securely transferred to users' [wallets](https://iq.wiki/wiki/cryptocurrency-wallet) or designated platforms without being held by Alchemy Pay.  \n  \nBy leveraging Forter's anti-fraud solutions, Alchemy Pay aims to detect and prevent fraudulent activities, thereby optimizing payment processes and safeguarding user transactions. Furthermore, Sumsub's [KYC](https://iq.wiki/wiki/know-your-customer-kyc) and [AML](https://iq.wiki/wiki/anti-money-laundering-aml) verification services are utilized to ensure compliance with regulations and prevent document fraud.[\\[6\\]](#cite-id-oh9eszdson8)  \n  \n## Treasury  \n  \nThe Treasury section of Alchemy Pay's merchant management system facilitates the viewing and configuration of supported [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) and networks. If a desired token is not listed, users can contact the business team to provide necessary details such as the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) name, network, icon, contract address, liquidity source, price source, and [blockchain](https://iq.wiki/wiki/blockchain) browser link.  \n  \nFor tokens with liquidity available on supported decentralized or centralized exchanges, only the exchange name and token address are required. Supported exchanges include [Binance](https://iq.wiki/wiki/binance), [Kucoin](https://iq.wiki/wiki/kucoin), [OKX](https://iq.wiki/wiki/okx), [UniswapV2](https://iq.wiki/wiki/uniswap), and [PancakeV2](https://iq.wiki/wiki/pancakeswap). Alternatively, users can act as [liquidity providers](https://iq.wiki/wiki/liquidity-providers), supplying an [API](https://iq.wiki/wiki/apis) for Alchemy Pay to acquire token/USDT prices and to notify them to transfer tokens to users. Following token transfer, users must call AlchemyPay's webhook [API](https://iq.wiki/wiki/apis) to communicate the outcome. Under this arrangement, AlchemyPay assists in collecting [fiat](https://iq.wiki/wiki/fiat-money) and settling USDT, while users are responsible for transferring tokens to users.[\\[7\\]](#cite-id-6kqutfs5gp)  \n  \n# Products  \n  \n## Alchemy Pay On-Ramp  \n  \nAlchemy Pay offers the Alchemy Pay On-Ramp, aiming to provide users with the ability to purchase [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) directly with [fiat currency](https://iq.wiki/wiki/fiat-money) through various payment methods. This solution aims to address common challenges faced by newcomers to the [Web3](https://iq.wiki/wiki/web3) space, offering a seamless entry point into the [crypto](https://iq.wiki/wiki/cryptocurrency) market.  \n  \nWith over 300 [fiat](https://iq.wiki/wiki/fiat-money) payment rails, users can deposit funds using local and global [fiat](https://iq.wiki/wiki/fiat-money) payment methods, facilitating [fiat](https://iq.wiki/wiki/fiat-money) payment acceptance across various services, including [crypto](https://iq.wiki/wiki/cryptocurrency) exchanges, [DeFi](https://iq.wiki/wiki/defi) protocols, and [NFT](https://iq.wiki/wiki/non-fungible-token-nft) marketplaces. The user-friendly experience prioritizes security measures such as ID verification, facial recognition, and [Know Your Customer (KYC)](https://iq.wiki/wiki/know-your-customer-kyc) services to enhance security while streamlining the onboarding process for customers.[\\[8\\]](#cite-id-nmomu0313ti)[\\[9\\]](#cite-id-vc0yko1lurt)  \n![0ab26a1-whiteboard_exported_image.png](https://ipfs.everipedia.org/ipfs/QmPBZinbDRyJdBgebbmB2qxuHdYbq8xAKCkd2LzyvDjPYU)  \n  \n## Alchemy Pay Off-Ramp  \n  \nAlchemy Pay's Off-Ramp feature is designed to facilitate the seamless conversion of [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) holdings into local [fiat currency](https://iq.wiki/wiki/fiat-money), simplifying the process for users and enabling direct transfers to their bank accounts globally. By streamlining the conversion process and offering competitive fees, Alchemy Pay aims to provide users with quick and straightforward [fiat](https://iq.wiki/wiki/fiat-money) payouts, enhancing the overall user experience.  \n  \nPreviously, users encountered complexity when selling [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) for [fiat currency](https://iq.wiki/wiki/fiat-money), navigating swapping, bridging, and [centralized exchanges](https://iq.wiki/wiki/cex-centralized-exchange). With Alchemy Pay's Off-Ramp, users can easily select the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) to sell, specify the amount and desired [fiat currency](https://iq.wiki/wiki/fiat-money), and have the platform automate the conversion and fund transfer process. This feature not only benefits users across various [decentralized applications](https://iq.wiki/wiki/decentralized-application) but also aims to attract mainstream users to [Web3](https://iq.wiki/wiki/web3) technology by offering greater autonomy over their [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) assets.[\\[9\\]](#cite-id-vc0yko1lurt)[\\[10\\]](#cite-id-m5exygaoni)  \n$$widget0 [YOUTUBE@VID](7gvPHjPe0b8)$$  \n  \n## Alchemy Pay NFT Check-Out  \n  \nAlchemy Pay's [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Checkout aims to address the challenges encountered by buyers when purchasing [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), such as the requirement for specific [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), intricate transaction processes, and high gas fees. By providing a streamlined solution, AlchemyPay seeks to simplify the purchasing process and mitigate abandonment rates.  \n  \nThe AlchemyPay [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Checkout offers [web3](https://iq.wiki/wiki/web3) platforms the capability to enable users to acquire [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) using credit, debit cards, and local payment methods from 173 countries. This solution supports both primary [NFT](https://iq.wiki/wiki/non-fungible-token-nft) sales and secondary trading, offering users a swift and secure method to access [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) without the complexities of [crypto](https://iq.wiki/wiki/cryptocurrency) transactions. Moreover, AlchemyPay's [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Checkout is engineered to be straightforward to integrate, ensuring a seamless experience for creators, developers, and users.[\\[11\\]](#cite-id-srqwlmxwx5)[\\[12\\]](#cite-id-d1spb8gdoq)  \n![d2ba527-ec8eb1da-e556-4424-ad65-70b3f2c59770.png](https://ipfs.everipedia.org/ipfs/QmZCDM9pMi4wsPifnyGeZPZDtW2SFbnTdjhYMnmGhcs9K1)  \n  \n## Alchemy Pay Crypto Card  \n  \nAlchemy Pay facilitates businesses in issuing branded [crypto](https://iq.wiki/wiki/cryptocurrency) cards for their users, available in both physical and virtual formats. These cards operate akin to traditional payment methods and can be conveniently funded with various [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), including [USDT](https://iq.wiki/wiki/tether), [USDC](https://iq.wiki/wiki/usdc), [BTC](https://iq.wiki/wiki/bitcoin-btc), and [ETH](https://iq.wiki/wiki/ether-eth). Users can employ these cards globally for online and offline transactions, accessing popular platforms like Apple Pay and PayPal seamlessly.  \n  \nAlchemy Pay's [Crypto](https://iq.wiki/wiki/cryptocurrency) Card solution aims to simplify bank acceptance processes by offering customized cards tailored to each brand. Additionally, users have the flexibility to top up their cards with different [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) and convert between [crypto](https://iq.wiki/wiki/cryptocurrency) and [fiat currencies](https://iq.wiki/wiki/fiat-money) as required, with specific card types available for different regions and usage scenarios.[\\[13\\]](#cite-id-12p8mwpe2i1n)  \n![Screenshot 2024-04-04 at 23.47.00.png](https://ipfs.everipedia.org/ipfs/QmRLFNU93D2Zc1NCWkKXkBu4xXih7H2ma35E3CeGtniXqv)  \n  \n## Alchemy Pay Crypto Payment  \n  \nAlchemy Pay's [Crypto](https://iq.wiki/wiki/cryptocurrency) Payment solution facilitates businesses in accepting [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) payments globally, including [Bitcoin](https://iq.wiki/wiki/bitcoin-btc) and other major [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), aiming to attract new customers while mitigating high fees and chargebacks. The streamlined process, from setup to settlement, ensures simplicity and accessibility.  \n  \nCustomers can opt for Alchemy Pay as the payment option, completing payment at a locked-in exchange rate. Alchemy Pay then converts the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) payment into the merchant's local currency, with settlement initiated to the merchant's bank account on the next business day. This solution endeavors to support enterprises and merchant networks in accessing the multi-trillion-dollar [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) market with minimal cost and effort, projected to witness annual growth of 20-30% over the next decade.[\\[14\\]](#cite-id-chsn440qky9)  \n  \n# Tokenomics  \n  \n## Alchemy Pay Token ($ACH)  \n  \nThe ACH token, operating as an [ERC20](https://iq.wiki/wiki/erc-20) [utility token](https://iq.wiki/wiki/utility-token) on the [Ethereum](https://iq.wiki/wiki/ethereum) blockchain, plays a vital role within the Alchemy Pay network. It serves purposes such as covering transaction fees, incentivizing network use, and reducing transaction costs. ACH can be traded on various exchanges like [Binance](https://iq.wiki/wiki/binance), [Coinbase](https://iq.wiki/wiki/coinbase), and [Huobi](https://iq.wiki/wiki/huobi).  \n  \nWith a capped supply of 10 billion tokens since its pre-mining on September 4, 2019, ACH aims to function as a bridge between the [crypto](https://iq.wiki/wiki/cryptocurrency) and [fiat](https://iq.wiki/wiki/fiat-money) realms, facilitating smooth transactions. [\\[15\\]](#cite-id-6vgohq2wx27)[\\[16\\]](#cite-id-h1s8pueco6c)  \n  \n## Utility  \n  \n* **For Businesses**: ACH tokens aim to facilitate [crypto](https://iq.wiki/wiki/cryptocurrency)-[fiat](https://iq.wiki/wiki/fiat-money) transactions in both B2C and B2B scenarios, providing a seamless payment experience on platforms like [crypto](https://iq.wiki/wiki/cryptocurrency) exchanges, e-commerce websites, and offline retail stores.  \n* **For Institutions**: ACH tokens support financial institutions like banks and fund management firms in providing potential crypto investment services to their clients by enabling the exchange between [fiat](https://iq.wiki/wiki/fiat-money) and [crypto](https://iq.wiki/wiki/cryptocurrency) assets.  \n* **For Individuals**: ACH tokens aim to enable users to access a range of [crypto](https://iq.wiki/wiki/cryptocurrency)-[fiat](https://iq.wiki/wiki/fiat-money) services, including shopping, investment, borrowing, and earning interest through [staking](https://iq.wiki/wiki/staking). They can utilize ACH tokens for transactions on [crypto](https://iq.wiki/wiki/cryptocurrency)-linked cards, applications, and software, whether developed internally or by third-party providers.[\\[15\\]](#cite-id-6vgohq2wx27)[\\[16\\]](#cite-id-h1s8pueco6c)  \n  \n## Allocation  \n  \nAs of April 2024, Alchemy Pay's ACH token has a circulating supply of 7,501,454,432 coins out of a maximum supply of 10,000,000,000 coins.  \n  \nToken Utility Allocation (62% Total):  \n  \n* **Enterprise Transaction Rewards (40%)**: Reserved for rewarding enterprises using Alchemy Pay's payment channels and transaction functions for the sale of goods and services. Rewards are unlocked monthly over 60 months.  \n* **Consumer Transaction Rewards (11%)**: Allocated for rewarding consumers for transactions conducted through Alchemy Pay's gateways. Rewards are unlocked monthly over 60 months.  \n* **DeFi Transaction Rewards (11%)**: Reserved for rewarding transactions within the Alchemy Pay [DeFi](https://iq.wiki/wiki/defi) ecosystem. Rewards are unlocked monthly over 60 months.  \n* **Transaction Mobility (6%)**: Reserved to facilitate timely transfers and usage of ACH, with restrictions on selling into secondary markets without 1-to-1 replacement.  \n* **Enterprise Partners (5%)**: Reserved for incentivizing early enterprise partners to drive use cases and contribute to the ACH community. Unlocked in stages based on agreed milestones.  \n  \nStakeholders Allocation (38% Total):  \n  \n* **Team (18%)**: Allocated for market expansion and operational growth by the Alchemy Pay team. Unlocked in equal proportions over 36 months.  \n* **Backers (18%)**: Funds raised for early development, marketing, and operations, with unlocking varying from 8 to 56 months from the date of the first token listing.  \n* **Advisors (2%)**: Reserved as an incentive for the board of advisors for consultation, industry networking, and other resources. Unlocked in equal proportions over 24 months.[\\[16\\]](#cite-id-h1s8pueco6c)[\\[17\\]](#cite-id-w5sutfrf6vf)  \n  \n# Global Ambassador Program  \n  \nThe Global Ambassador Program, launched on December 08, 2022, seeks [crypto](https://iq.wiki/wiki/cryptocurrency) enthusiasts to support Alchemy Pay's global growth. Ambassadors represent Alchemy Pay at events, identify partnerships, and engage with communities. Eligible candidates should have basic [crypto](https://iq.wiki/wiki/cryptocurrency) knowledge and previous community management experience, with fluency in English and local languages preferred.  \n  \nAmbassadors receive a fixed monthly salary of 200 USDT, plus bonuses for completing tasks. Participation offers opportunities to become industry experts and gain insights into Alchemy Pay's products.[\\[18\\]](#cite-id-j6mijqbqwq)[\\[19\\]](#cite-id-geqizi8c7ya)","summary":"Alchemy Pay is a Singapore-based platform that merges fiat and cryptocurrency economies, offering payment solutions and promoting global cryptocurrency adoption.","categories":[{"id":"defi","title":"Decentralized Finance"}],"promoted":0,"tags":[],"metadata":[{"id":"references","value":"[{\"id\":\"7zt8wk6toxv\",\"url\":\"https://alchemypay.readme.io/docs/introduction\",\"description\":\"docs - introduction\",\"timestamp\":1712242513266},{\"id\":\"w7meieq7uq\",\"url\":\"https://www.binance.com/en/research/projects/alchemy-pay\",\"description\":\"binance research - Alchemy Pay\",\"timestamp\":1712242523407},{\"id\":\"abtpjq04jbb\",\"url\":\"https://alchemypay.org/\",\"description\":\"website\",\"timestamp\":1712242533628},{\"id\":\"7a4gi4r4xie\",\"url\":\"https://alchemypay.org/about\",\"description\":\"website - 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