Why Is Alchemy Pay (ACH) On The Rise?

PRESS RELEASE. July has seen a jump in crypto prices, and none more so than the utility token of Alchemy Pay, ACH.

ACH saw a 43% increase in just 24 hours on July 20th, making it crypto’s biggest gainer. ACH has also broken into the TOP 10 most searched tokens on almost every crypto site over the past two weeks, including Coingecko and Coinmarketcap. The ACH token has seen so much interest that Binance is now supporting it for margin trading – unusual for a project of Alchemy Pay’s size.

Alchemy Pay is a Singapore-based payment provider addressing some of the industry’s biggest barriers to entry with its crypto on/off ramp payment plugins, as well as its crypto acceptance for merchants and businesses.

ACH Listed On Binance US, Crypto.com & KuCoin

Part of the reason for the impressive price action is the token’s recent listings on Binance US, Crypto.com (website and app), KuCoin, and Kraken. As well as its availability across the world’s largest exchanges, ACH can now be staked on Binance and KuCoin, meaning the token is able to bring generous yields to its long-term investors.

Alchemy Pay’s sizable online community has doubled in less than 12 months and now stands at around 200,000. The rapid growth demonstrates the momentum of the project, as do its partnerships with the many of crypto’s biggest layer-1 chains.

Alchemy Pay (ACH) Partnerships

Alchemy Pay has been partnering with the world largest payment providers, remittance firms, and blockchain projects (think Avalanche, Polygon, VeChain, Algorand, Binance) but the market downturn since November last year has been suppressing the price. After all their progress however, ACH is set to outperform the rest of the market on green days.

Alchemy Pay has also integrated with Binance Pay and Crypto.com Pay to become one of the payment partners facilitating the apps so that users can use their crypto funds for real-world payments, both in-store and online.

ACH Crypto Payment Solutions

There is also excitement surrounding the crypto ramp payment solutions that Alchemy Pay is now beginning to widely integrate into web3 and crypto platforms. Onboarding users via payments with their own local currency has been challenging for these platforms, particularly those in their more nascent stages. To bring newcomers to blockchain gaming, NFTs, metaverses, socialfi, and DeFi though, it is necessary to enable the purchase of crypto using fiat funds. Alchemy Pay’s ramps do just that, by providing a simple and direct way to buy crypto with debit and credit cards, local mobile wallets, and bank transfers.

The plugins also offer off-ramping facilities by remitting funds to any Mastercard and Visa card in the world, and to users’ bank accounts in 50+ local currencies.

ACH on Ethereum and Binance Smart Chain

ACH is available as an ERC20 token on Ethereum and, since January it has been available on Binance Smart Chain as a BEP20 token.