


Together with AQUA Intelligence, we’re aiding business and enhancing customer experience and satisfaction across industries that need it most”. “We’re proud to partner with AQUA Intelligence to empower the trust economy, and truly understand consumers, customer service matters more than ever with ever-increasing competition and informed consumer demands, and the way to provide top-notch service is to know your customers inside and out. Justin Jung, the CEO of Alchemy Coin mentioned, The platform allows for instant and direct lending between supply-side lenders and demand-side borrowers from all over the world in a trusted manner using the advantages of smart contracts and blockchain technology. The company plans to use data analytics to validate personal information and providing valid services toĪlchemy is a blockchain-based peer-to-peer (P2P) lending marketplace. The partnership also includes a $1 million investment by Alchemy Coin into Aqua Intelligence.Īccording to Aqua’s website, AQUA Intelligence is a data-driven platform on the blockchain that enables consumers to monetize and validate their personal data. The network supports over 2 million retailers across 70 countries.Blockchain-based P2P lending platform Alchemy coin and Aqua intelligence have come on a formal partnership according to a PR by Aqua Intelligence.Alchemy’s proprietary terminals simplify the process of accepting crypto-based payments.

Both online and brick and mortar retailers can leverage Alchemy Pay’s range of payment solutions.Merchants can utilize Alchemy Pay’s open-source infrastructure to accept both fiat and crypto payments.The project is currently well positioned at the intersection of the fiat and crypto-based economies. Why does ACH have value?Īlchemy Pay’s value proposition is a factor of the global payments network it helps facilitate. As of early June 2022, there were 4.5 billion ACH in circulation. Roughly 18% of supply was earmarked for the project’s founders, while an additional 18% was distributed to early investors. According to Messari, 51% of ACH’s total supply is reserved to incentivize participation in the network by way of transaction rewards for businesses and consumers. How is the price of ACH determined?ĪCH is a deflationary asset with a hard cap of 10 billion tokens, all of which were pre-minted prior to initial distribution. Merchants are required to pledge a given amount of ACH before joining the network.Īlchemy Pay seeks to become a leading global remittance network, the project’s whitepaper explained.Īs of June 2022, Alchemy’s various payment frameworks were supported by more than 2 million merchants across 70 countries.
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Payments made using cryptocurrency are instantly converted to the vendor’s local fiat.Īlchemy Pay is integrated with more than 300 fiat payment channels, globally, allowing merchants in both online and offline settings to accept credit/debit cards payments as well as online transfers.įor Web3, DeFi, and exchange-based products, Alchemy Pay supports an API capable of handling fiat to crypto payments.Īll network transactions take place within the Merchant Node Network, a core infrastructure component operated by Alchemy Pay’s merchants and business partners.
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The network has a native digital asset, ACH, that’s used to pay transaction fees.Ī proverbial Swiss army knife of payment-related tools, Alchemy Pay has a series of proprietary point of sale (POS) terminals capable of accepting crypto payments at brick-and-mortar retailers, including those who may lack an internet connection. Alchemy Pay is an open-source payment infrastructure designed to provide a gateway between the fiat and crypto economies.
