Why is Alchemy Pay (ACH) on the rise? – Press release Bitcoin News

press release

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

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

Alchemy Pay is a Singapore-based payment provider that addresses 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 and 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. In addition to its availability across the world’s largest exchanges, ACH is now staking on Binance and KuCoin, meaning the token is capable of providing generous returns to its long-term investors.

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

Alchemy Pay (ACH) partnership

Alchemy Pay has partnered with the world’s largest payment providers, remittance firms and blockchain projects (think Avalanche, Polygon, VeChain, Algorand, Binance), but the market downturn since last November has suppressed its price. However, after all their progress, 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 that facilitate the apps for users to use their crypto assets for real-world payments, both in-store and online.

ACH Crypto payment solutions

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

The add-ons also offer off-ramping facilities by transferring money to all Mastercard and Visa cards in the world, and to users’ bank accounts in over 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.

Learn more

Website: alchemypay.org

Twitter: twitter.com/alchemypay

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