What is Alchemy Pay (ACH)?

Deep Dive

1. Purpose & Value Proposition

Alchemy Pay bridges traditional finance and crypto by allowing businesses to accept payments in both fiat and cryptocurrencies while settling in local currency. This eliminates merchants’ exposure to crypto volatility and simplifies crypto adoption for users. For example, its partnership with Shopify enables merchants to accept Bitcoin or Ethereum while receiving USD, EUR, or other fiat (Alchemy Pay).

2. Technology & Ecosystem

The platform uses a hybrid payment infrastructure integrating APIs for crypto/fiat conversion and stablecoin settlements. Key features:
- On/Off-Ramps: Users buy crypto via Visa, Apple Pay, or local methods (e.g., Brazil’s PIX).
- Alchemy Chain: A Layer 1 blockchain launching in Q4 2025 for stablecoin transactions, using ACH for fees (CoinMarketCap).
- Real-World Assets (RWAs): Partnered with Backed to tokenize ETFs/stocks, enabling fiat investments in tokenized equities.

3. Key Differentiators

• Global Reach: Connects 2M+ merchants through partnerships with Binance, QFPay, and Visa.
• Regulatory Edge: Holds money transmitter licenses in the U.S. and complies with MiCA (EU) and Hong Kong’s SFC guidelines.
• Fiat Flexibility: Supports 50+ fiat currencies, including emerging markets like Brazil and Australia.

Conclusion

Alchemy Pay is a critical infrastructure provider in crypto payments, combining regulatory rigor with broad merchant adoption. Its focus on bridging fiat and crypto positions it as a gateway for mainstream blockchain adoption. How might its upcoming Alchemy Chain reshape cross-border stablecoin transactions?