Alchemy Pay Launches Alchemy Chain For Crypto And Fiat Payments

Alchemy Pay launched Alchemy Chain for crypto and fiat (Photo; Doc. Crazyfintech) payments.

JAKARTA - Alchemy Pay, one of the pioneers in crypto payment solutions, has just announced the launch of Alchemy Chain, a Layer-1 blockchain designed to meet digital payment demands. Through an official announcement on platform X, Alchemy Pay explained that Alchemy Chain will be built based on the Solana Virtual Machine (SVM) architecture, which allows innovation in the way payments are made worldwide. With Alchemy Chain, the company hopes to revolutionize existing payment systems, making crypto transactions easier and more affordable for the general public.

With a focus on smooth integration between fiat and cryptocurrencies, Alchemy Chain aims to provide a significant boost to existing payment structures. This blockchain allows interaction between blockchain transactions and off-chain storage, creating an environment where both types of currencies can function simultaneously without barriers. With a highly scalable infrastructure, Alchemy Chain is designed specifically for business needs on a commercial scale, ensuring that on-chain and off-chain activity can be carried out efficiently, even as Alchemy Pay's user base continues to grow.

According to Blockchain Reporter information, one of the interesting features of Alchemy Chain is the application of a unique consensus algorithm called TPoA (Tokenized Proof of Authority). This algorithm increases credibility and efficiency in the transaction verification process, which is very important in maintaining system integrity.

In addition, Alchemy Chain will integrate optimal Layer-2 solutions to improve account mapping and data synchronization processes. With this approach, redundancy can be minimized, and scalability can be maximally improved.

By using a utility token $ACH, Alchemy Chain users can pay gas fees using $ACH or fiat currency. This feature allows instant conversions from on-chain income to fiat without the need to sell Bitcoin, providing significant convenience for users. In addition, the stablecoin income mechanism will also be implemented, providing opportunities for users to get returns from their investments.

Alchemy Pay is not only focused on end users; the company also has plans to support developers and ecosystem projects through two key instruments. One of them is Meme Launchpad, which aims to reduce technical complexity in launching meme-based projects. With the help of this platform, developers will have easier access to release their projects, thus encouraging more innovation in crypto space.

With all these features and initiatives, Alchemy Pay hopes Alchemy Chain can serve as the main platform to accept crypto payments and encourage wider adoption of crypto in the community. Following growing interest in digital assets, Alchemy Chain's presence is expected to provide relevant and practical solutions for users and business people.