Alchemy Pay launches L1 Alchemy Chain: integrating SVM and introducing ACH for fiat currency exchange support

Payment service provider Alchemy Pay recently announced the launch of the L1 blockchain Alchemy Chain, which integrates L2 solutions and utilizes the Solana virtual machine SVM as the underlying technology to support the integration of on-chain transactions and off-chain data. It also features account mapping and data synchronization technology to accelerate settlement speed.

Alchemy Chain also incorporates innovative technologies such as Trusted Proof-of-Authority (TPoA), Block-Wing, and ACH Ramp Protocol to enhance payment security and optimize efficiency.

Alchemy Chain Application Model and Infrastructure

Alchemy Pay aims to create Alchemy Chain, a highly scalable payment platform for large-scale commercial applications, enhancing interoperability between on-chain operations and off-chain storage. It processes transactions quickly and efficiently, maintaining flexibility and stability as user volume grows.

Alchemy Chain utilizes its proprietary technology: Trusted Proof-of-Authority (TPoA) verification mechanism to ensure secure and speedy node validation. It also introduces L2 scaling solutions to reduce data redundancy and optimize overall scalability. The architecture of Alchemy Chain is designed to maintain transaction flexibility and stability as the user base expands.

ACH Supports Gas Fees and Fiat Currency Exchange

The Alchemy Pay token, ACH, can be used on Alchemy Chain and supports users to pay gas fees and transactions with ACH and fiat currencies, seamlessly converting profits and other on-chain earnings into fiat currency. Additionally, Alchemy Chain will implement a stablecoin revenue mechanism in the future.

Introducing Launchpad and Telegram Bot to Drive Meme Projects

The launch of Alchemy Chain also introduces Meme Launchpad and Meme Telegram Bot to facilitate the establishment of meme projects with low technical barriers, providing a "lightweight" interface for developers to interact with the system.

Convenience stores transform into currency exchanges! Payment provider Alchemy Pay offers cash-to-crypto services at convenience stores in Taiwan. Is Alchemy Pay a Virtual Asset Service Provider (VASP) in Taiwan?