Ethereum-Based Platform Surges 200% in One Week
A platform that allows for payments in both fiat and crypto has seen a significant surge in price, with its native token quadrupling in value in less than a week.
ACH is a cryptocurrency that serves as the native token of the Alchemy Pay platform, which is a decentralized payments ecosystem that aims to allow merchants to accept payments in both fiat and cryptocurrencies.
The ACH token is used to facilitate transactions on the Alchemy Pay platform and to incentivize users to participate in its network.
Alchemy Pay’s mission is to create an accessible and convenient global payment infrastructure that bridges the gap between traditional financial systems and digital assets.
The platform’s features include fiat and crypto on-ramps, cross-border payments, and merchant services to facilitate payments for goods and services. It also enables users to access discounts and rewards for using the platform’s services.
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The token has increased by 200% from a seven-day low of $0.0160 to $0.0482 and has since retracted to $0.0423 at the time of writing.
The platform recently announced the integration of Google Pay for quick fiat currency purchases and a transition from a centralized to a committee-based management system, effective as of January 1st, 2023.
Additionally, the token has formed a partnership with Binance, with plans to launch perpetual contracts with up to 20x leverage.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
