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The Bridge Between Crypto & Fiat
Alchemy Pay is a payment gateway system that offers merchants and customers flexibility in payment options. It builds the use of cryptocurrencies for secure and transparent transactions in our daily lives while maintaining our choices for fiat transactions.
More and more consumers and merchants want to buy and sell products using cryptocurrencies while others want to keep using the usual fiat methods.
Alchemy Pay is an international payment gateway that bridges the gap between crypto and fiat to create a balance in the mediums of exchange for merchants and consumers.
What's Wrong With Just Fiat or Crypto?
Making payments with just crypto or fiat has its own peculiar issues, and Alchemy Pay has built its gateway payment solutions to address these peculiar issues.
● Slow transaction speed because of the plenty of centralized companies processing cross-border and local payments.
● High cost for processing transactions because of numerous transaction fees merchants pay to these intermediaries.
● Using intermediaries for processing transactions in fiat does not guarantee the privacy protection of both the sender and receiver.
● High transaction fee when transacting on cryptocurrencies that use proof of work consensus mechanism.
● A high level of volatility can cause a value difference between the time of sending the cryptocurrency and receiving it.
● Fear of being able to transact with paid cryptocurrencies because adoption is still in its early stages.
This Is Where Alchemy Pay Comes In
Alchemy Pay, an ERC-20 decentralized payment gateway built on the Ethereum blockchain, will take out these intermediaries and facilitate P2P transactions.
P2P (person-to-person) transactions are usually cheaper and faster, which is one of the main problems that Alchemy Pay solves.
Alchemy Pay solves the volatility issues by allowing merchants to convert their crypto payments to fiats immediately after they receive them using its Point of Sale (Pos) Terminal.
Alchemy Pay allows merchants to receive money in any currency or change their crypto payments or foreign currencies to any currency of choice. So, merchants can still transact in their local currencies if suppliers prefer fiat payments.
Customers who want anonymity while transacting can pay for products using cryptocurrencies. By this, their privacy will be kept secure.
Customers who hold Alchemy Pay tokens (ACH) can stake them and receive passive returns on their holdings.
A Part of Crypto Revolution
Summarily, Alchemy Pay is a payment gateway that wants to take the rights of payment power from third-party organizations and put them in the hands of merchants and consumers, where they belong.