Alchemy Pay has introduced Alchemy Chain, a new layer-1 blockchain that aims to streamline the integration of fiat and cryptocurrencies. Built on the Solana Virtual Machine (SVM) architecture, this blockchain is set to provide a scalable infrastructure for high transaction volumes, supporting Alchemy Pay’s payment ecosystem.
Alchemy Chain is designed to bridge the gap between traditional and digital finance, offering a seamless experience for fiat and cryptocurrency payments. It will utilize a Trusted Proof of Authority (TPoA) mechanism to enhance security and transaction speed, supporting ACH and fiat payments for gas fees to give users more flexibility in managing transaction costs.
In addition to its core functionalities, Alchemy Pay plans to provide various tools to support developers and meme coin projects, including a “Meme Launchpad” for creators to easily launch meme-based tokens and a user-friendly interface for interactions within the Alchemy ecosystem through the “Meme Telegram Bot.”
Following the announcement of Alchemy Chain, the native token ACH experienced a 13% price surge, indicating strong market interest due to increasing transaction volumes. Analysts predict that ACH could rise by up to 450%, potentially reaching $0.11087, reflecting a growing interest in ACH price movements.
The new blockchain and tools developed by Alchemy Pay are strengthening the company’s position within the crypto ecosystem, raising the visibility of the ACH token in the market. Ultimately, Alchemy Pay’s initiatives aim to address the needs of both developers and users, reducing the gap between digital and traditional finance.
Please note that the information in this article does not constitute investment advice, and investors should conduct their own research and be aware of the high volatility and risk associated with cryptocurrencies.