The introduction of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies has revolutionized the payments ecosystem in a big way. In the last couple of years, the rise of smart contracts and NFT (Non-Fungible Tokens) is also coming along quite significantly. The world has certainly progressed a great deal in making the emerging blockchain technology more mainstream by extending it to B2B, B2C, and peer-to-peer payment systems.
Let’s take the example of Alchemy Pay, which is a gateway solutions provider facilitating fiat and cryptocurrency transactions for developers, financial institutions, and merchant networks. It aims to take the adoption of cryptocurrencies a step higher through a hybrid payments system. Recently, its ACH token hiked 77 percent, trading at $0.0625.
At the end of January, Alchemy Pay launched ACH tokens on Binance Smart Chain, which creates a decentralized finance (DeFi) ecosystem through a blockchain network enabled by a smart contract. Besides, its listing across multiple new exchanges and its integration with many blockchain projects has helped the platform expand access to its token.
Besides enabling cheaper and faster fiat transactions, the cross-chain integration of ACH has also helped Alchemy Pay to increase its investor pool, especially by listing its tokens on decentralized exchanges. Recently, the company forged a partnership with Bit.Store to carry out a crypto airdrop of the latter’s STORE token. The objective of the airdrop is to reward their community members and develop long-lasting collaborations with them. Protocols and merchant networks that have integrated Alchemy Pay’s ACH tokens so far include Avalanche, IoTeX, Algorand, Polygon, NIUM, SimpleHold, and MakerDAO.