We are pleased to announce our next AMA on June 6th, 2022 at 01:00 PM UTC Time: Satoshi Club x Alchemy Pay
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Alchemy Pay Telegram channel
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Alchemy Pay Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Alchemy Pay
For more details:
Alchemy Pay Website – alchemypay.org
Alchemy Pay Telegram – @alchemy_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Why was Alchemy Pay founded & What is its mission? What is Alchemy Pay doing to stand out in an increasingly crowded and competitive industry?
Can we know that What are the fees for Alchemy Pay’s crypto payment acceptance?
What is the Alchemy Pay’s solutions to convert fiat payments to crypto for direct access to web3 DApps?
Keep it up
Thanks
I see something cool on your website, its about WHITE LABEL CRYPTO-LINKED CARD.
Can you talk more about it and how scure your card from hacker because We all know that there is a lot of theft or hacking of credit or debit cards.
Thanks for your answer guys….
Can you talk about your security? What measures have been adopted to ensure the safety of the funds and assets of users..?
Do you consider KYC options as a means of solid security?
Is there a refund feature if the transaction fails? Has alchemy pay addressed security systems such as user privacy data, the security of user funds and how do you convince new users to use alchemy pay?
Hello Alchemy Pay Team – At your last AMA held here on Satoshi Club on August 20, 2021, one of your members John Tan, while answering a question as it relates to your “Payment Protocol Rewards”, did said (at present) then, Alchemy pay incentive mechanism focuses on one main goal, actual usage and demand for Alchemy services (which require the pledging of ACH), and I’m curious to know whether there has been some modifications in the area of your “Payment Protocol Rewards” since your last AMA here, and if actually there has been any, could you share such update/development with us enthusiasts ? Lastly, you did further said that Alchemy Pay at that time was currently building a reward system for your community that can help drive usage of your services. Could you please explain to us the current position of your “Reward System” as of now, pursuant to your community to help drive usage of Alchemy services ? Thanks for answering.
You mentioned on your website that Alchemy pay I looking for Ambassadors to represent and spread the word about Alchemy Pay at events and organize meet-ups with fellow crypto-fanatics. I will really love to be an ambassador of your platform, Can you tell us how interested individuals can apply to be an ambassador? What are the requirements to be eligible to be an ambassador? What are the benefits and incentives one can get for being an ambassador? Also I learnt that Over the past few months, representatives from Alchemy Pay have held initial meetings with ambassadors and government officials of Lesotho, Sudan, and Botswana. Could you brief us on the meetings you had with the ambassadors and government officials? Which countries do you plan to go next for the meeting?
Crypto Payment Acceptance is convenient all-in-one payment system that enables online and offline businesses to accept fiat and crypto payments with local fiat settlement. I tried applying for the cryto payment acceptance but the page is not opening, can you tell us why it is so? Can you explain to us how the payment system works? What are the key features of the payment system?
I understand that white label crypto-linked card is the infrastructure used in alchemy pay to issues branded cryto-linked cards to users. Can you enlighten us on how the cryto-link card infrastructure works? How can a user get the Crypto-linked card? What are the requirements to be eligible to own the card? Will there be some form of KYC before a user can get the card?
It caught my attention while reading through the document on your website that Alchemy Pay can provide limited loans for individual consumers based on their historical payment data, and charge competitive interest based on the score derived from the data. What is the maximum limit of loan Alchemy Pay can give to an individual customer? How are scores determined from the historical payment data of customers? Do you have a system whereby defaulters are punished? If yes, what is the punishment given to defaulters of loan?
I understand that DeFi transaction rewards are earned by DeFi participants for staking ACH token and other various transactions in the process of either providing or using DeFi services in the Alchemy Pay ecosystem. What are the other transactions that DeFi participants can earn rewards from asides staking? As regards staking, can you tell us more about your staking mechanism? How will users go about staking ACH token? What is the minimum period users can stake to earn rewards? And how would you minimize the risks associated with staking ACH token?
I understand that Alchemy Pay has a bonus point program, can you explain how your bonus point program works? How can users join and benefit from this program of yours? And what are the requirements for users to be eligible to participate in the bonus point program? Alchemy Pay ecosystem is said to be composed of a lot of partners of which some are; partners at the users’ end, merchant partnership, developer community partnership etc. I would like to know the advantages these partnerships have brought to Alchemy Pay. Do you plan on going into other partnerships in the nearest future?
We all know that security is one of the most important aspect of the Crypto world, KYC and AML procedures are considered a necessary part of cryptocurrency’s adoption by the mainstream. Alchemy Pay (ACH) has partnered with BASIS ID for comprehensive, global Know-Your-Customer and Anti-Money-Laundering verifications. Can you briefly give us more information on your partnership with BASIS ID? What does the Alchemy Pay benefit from this partnership? Can you briefly describe the process of the KYC process of your platform? What are the kind of documents needed to pass these KYC process? How long does the process take?
I noted from your white paper that the Alchemy pay has two interesting features which are “PushPay” & “PullPay”. The Pushpay is the auto ACH transfer from payer to a payee as initiated bythe payer. The PullPayinvolves the authorization of the payee to initiate and complete some orall steps in the process from payer to payee. Can you give us more information on these two features? How do they collectively work to improve the Alchemy ecosystem? Pertaining the Pullpay, what are the steps that a payee can initiate and complete?
I noticed that you the ALCHEMY PAY recently became official partners with a top Spanish football team, REAL BETIS, and also minted your first limited edition NFTs which is themed “Token of Love”. Can briefly provide more information on your limited edition NFTs? What is the utilities of these NFTs in the ALCHEMY PAY ecosystem? How can we get access to these NFTs? What are the benefits of owning these NFTs? Can you give us more details on your partnership with REAL BETIS? How will this partnership help in advancing the growth of the ALCHEMY PAY?
Can we know how’s the speed on Alchemy Pay i know some times the bridge speed can be pretty slow how is it for Alchemy?
Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. I see that Alchemy Pay is already built and stable network for payments integrated in daily life. Could you talk more about your roadmap for the next 6 months? What are you going to bring to customers as new service or increase of supported services? What should be expected by Alchemy community as rewards incentives? Thanks!
ACH is the utility token issued on the Ethereum blockchain. It is integral to the Alchemy Pay network. It is used for transaction fees, rewards for network use, lowering transaction costs, and it is pledged by business partners during the onboarding process. Could you talk about about the usecases indicated above? What rewards are supposed to be paid in ACH token? How does it allow to decrease transaction costs? Which of your partners already supports ACH token? Thanks!
I learnt that you promote the global adoption of crypto by making it easy to move between fiat currency and cryptocurrency, however, in doing so, i also learnt that you’re looking for fellow crypto enthusiasts to help your brand grow globally by using their passion, knowledge, and connections to become an industry champion with you. Can you please give information regarding this Wonderful Ambassador opportunity you’re providing? What are the Available positions that we can apply for? how can we Apply for this Job? And what might be the average level of Qualified Qualifications you’re looking for before being able to apply? Lastly, how long would it take before you close the Application portal?
Do the Achemy token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project? What are the benefits of Holding token?
Security & User Interface are the Most Important Aspect that Users see on a platform. How has AlchemyPay worked on this? Is Platform suitable for Newbies in the crypto field?
Does your tokens have farming and staking usages and if yes what APR do you give to us?Does Your project have farming and staking usages and if yes what APR do you give to us?
$ACH is used for transaction fees, rewards for network use, and lowering transaction costs. Can you briefly explain about these usecases? Do users need to pay a fee for every transaction? How much is the fee? When you say $ACH lowers the transaction fees, there must be alternative methods to pay fees. What are the other payment methods for transaction fees? If $ACH is used to pay the fee, what is the discount I get? Is it like 50% or a small percentage like 1%? Moreover, what are the $ACH rewards for network use? What do you consider when distributing those rewards? Does $ACH work as a reward token and a utility token on Alchemy Pay?
Alchemy Pay builds on open source protocols and rapid product development platforms for crypto-fiat bridging systems. Can you deeply explain about this mechanism? Why do you think crypto-fiat bridging is important? Are you the first team to introduce this concept? What is the mechanism behind this system? Is the bridging applicable for all cryptocurrencies and fiat currencies or is it limited to selected currencies? What are the benefits/advantages of crypto-fiat bridging? Currently, some governments have prohibited the use of cryptocurrency. Does this situation affect Alchemy Pay?
One of your features is Smart POS for Cryptocurrency. Please elaborate more on this POS. Due to market fluctuations, the value of cryptocurrency is not fixed. How do you find an answer to this issue when creating a POS for cryptocurrency? With this feature, you are going to introduce a Cryptocurrency Prepaid Card too. Will this be a globally accepted card? I hope this card will convert crypto values to local currencies when users make their transactions. What is the legal background of creating this type of card? Do you have the permission of relevant authorities? If cryptocurrencies are not accepted in a country, can those citizens use this card?
Hello Alchemy Pay Team!
The Alchemy Pay platform has been around for over four (4) years now. The progress made by the platform since inception is extremely commendable. Now, Alchemy has over 300,000 followers across all social media handles and over 14,500 token holders currently. I am quite worried that it is too late to hop on the platform right away considering the number of users that the platform has acquired. Convince us that this is not the case for the Alchemy platform and that if I start up on the platform right away, I could still earn a good income off my investments.
Hello Alchemy Pay Team!
The $ACH token is the platform’s native token. I believe $ACH has been around for sometimes because I observed that the token is currently trading on top exchanges including Binance, Coinbase, Kucoin, Bybit e.t.c. Give us more information about the token: how has been it’s performance since Launch? (give details on the token’s All time high and All time low). On what utilities is the token based? What benefits awaits the token holders; in what various ways can I earn a fair income with the $ACH token? What strategies have you adopted to ensure that the token maintains value even during harsh market conditions?
Hello Alchemy Pay Team!
Alchemy Pay leverages an Artificial Intelligence tech to minimize errors and bank false declines. Kindly give more details about the Alchemy Pay’s AI Tech works. Is it capable of detecting fraud before payments are initiated, reducing authentication failure and optimizing payments? How has the assessment of leveraging the AI Tech been so far?
50% of the transaction fees on Alchemy Pay are used for business development, marketing, and promotion. Please explain your plans on these three sectors. What do you mean by promotion? Can users hold $ACH to get promotions and receive a portion of this transaction fee? Development and marketing are vital ingredients of a project that help to attract members and investors. In addition to a portion from this 50%, have you allocated any funds for those purposes? Further, please let us know what will happen to the remaining 50% of the transaction fees. Do you burn them or distribute among holders?
Comparing Alchemy Pay with digital payments and traditional payments, you have stated that fraud in traditional payments is high whereas it is low in digital payments and zero in Alchemy Pay. Can you elaborate more on this point? How does Alchemy Pay offer zero fraud system? Further, you will settle the transaction within one day when other payments take upto 2 weeks. How do you make quick settlements? What is the technology behind that? In this comparison, you have not included about the security. When compared to traditional payments and digital payments, how secure is Alchemy Pay?
Alchemy Pay provides a real-world payment solution that promotes cryptocurrency for token issuers around the globe. Before setting this target, have you done any research on combining cryptocurrencies and real-world purposes? Did you find any challenges to make this target practical? Please explain what kind of real-world uses you are targeting? When users pay with their cards, is the payment converted in to a local currency? In order to make payments, should the seller accept cryptocurrencies? If yes, it will be difficult to find sellers who are accepting crypto. Therefore, in addition to developing the technology, do you have a proper plan to conduct social awareness on cryptocurrencies? I am asking this because Alchemy Pay cannot achieve success only by presenting a technology and there should be a practical value.
Your list of partners caught my attention, your partnership is grouped into two.Main stream and crypto partners.Will your numerous partnership not result to problems like governance contradiction? What are the advantages of having numerous partner?Is your partnership a long term partnership are there plans of partnering with more firms in the future?kindly explain.
People love new things and as such, we tend to see new developments in the Cryptosphere almost everyday. Quickly adopting new and valid advancements and upgrades is a major way for a platform to retain users and ensure continuous credibility and solidity on both the DeFi and CeFi spaces. How does the Alchemy Pay platform aim to adapt and expand for further compatibility with subsequent top notch developments that may be seen in the Cryptosphere in future? What are your competitive advantages and user rentention strategies?
I noticed that new partners need not pay integration fees to join the Alchemy’s payment network or use the available services however, they have to pledge an amount of ACH tokens. My Question; is there a fixed amount of $ACH token that a new partner has to pledge in order to access Alchemy Pay’s services? If yes, please state the amount $ACH tokens needed and if no, explain how the appropriate amount of $ACH that should be pledged is determined. How does pledging of token work within your platform? In addition to this, per-adventure a partner ceases to use your services, what then happens to the already pledged tokens? Will they be returned?
I understand that partners reduce their transaction fees when paying with $ACH on the Alchemy Pay’s network. Firstly, describe the structure of your transaction fees. How many % is a user charged for initiating transactions on the Alchemy Pay’s platform? Since you mentioned that partners can however reduce their transaction fees; what is the extent of reduction of transaction fees for Partners? How many % discount do they get as compared to the common users? Give details on how the charged fees will be allocated within your platform.
Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. Can you give a basic comparison between Alchemy Pay, Digital Payment methods and Traditional methods in terms of fees, fraud and settlement time? Why should users choose Alchemy Pay over existing Digital and Traditional payment methods? How exactly do you connect the fiat and crypto economies? Currently, how many fiat currency does your platform support? Tell us how the adoption and use of your Alchemy Pay’s services have been since inception. What advancements can you boast of?
I read that Instpower, the world’s leading power bank charging service, has teamed up with Binance Pay and Alchemy Pay to enable their users to pay with cryptocurrency for power bank devices at over 14,000 locations around the world. Due to its borderless nature, I think crypto is the ideal way to pay for Instpower’s shared power banks, commonly used by travellers to charge their devices while on the go at hotels, restaurants, bars, and airports so this collaboration is of a great fit, I must say. How has this partnership with Instpower been beneficial to the Alchemy Pay’s platform? So far, what advancements have been made in achieving the stated aim of enabling Instpower’s users to pay with cryptocurrencies for power bank services at over 14,000 location? Apart from Instpower, which other flagship companies have you partnered with?
The number of wallet addresses holding the ACH token has increased by 129% between December 2021 and March 2022. The total number of ACH holders as of the end of March this year was 29,494. This has been driven in a significant way by ACH’s availability on Binance Smart Chain (BSC) as a BEP20 token and also on the Ethereum chain as an ERC 20 token. What are the fees charged for using either the ERC 20 or BEP 20 based $ACH token for transactions? I believe that integrating more chains will further increase the number of token holders and adopters; do you plan on integrating $ACH on more popular chains such as Polygon, Near, Avalanche, Solana e.t.c?
Hi Alchemy Pay !!
Can you tell us more about the payment gateways and how do it deals with the price volatility that is an integral part of the crypto space also crypto assets are volatile, some are more whereas some are less but we are so familiar with the sudden pump and dump that may occur on the market in a matter of seconds can you tell us how do you solve this problem if the conversion rate can not be maintained during the txn processing time ? Are you also warning the users before hand and require acceptance that the price is really not guaranteed? or Are you having your own pools that dampens the volatility and allows for a completely safe transaction completion at an agreed upon price? or Do you stop and fail txns that encounter high price fluctuations and fall outside of the expected price range?
Thank you
Hello Alchemy Pay team !!
As you know payment is one of the popular application areas of the blockchain and many innovative projects have been emerged so Can you give us a brief comparison of Alchemy and Existing Blockchain Payment Platforms in the simple words? How do Alchemy meets the need of large – scale commercial application and What are the payments / settlements modes of your platform? Can you also talk about the product features of the platform?
I see the most interesting features of Alchemy Pay is the ” Asset Certification and Token Issuance as well where I saw Alchemy intends to provide the certification agency and token issuers assurance by helping the asset owners tokenize their asset and also it improves both liquidity and the tradability as well among the buyer and seller so I would like to ask Does these feature works on both liquid and illiquid assets like commodity, stock, car, real estate & housing? Can you also tell us How will Alchemy Pay verify and check if the asset owner really does have the asset that he or she wants to tokenize? Can you explain the algorithm for this feature?
I read that Alchemy Pay is supported in over 70 countries with over 300 payment channels and has touchpoints with more than 2 million merchants through partnerships with industry leaders. Congratulations on your success! Since some participants in this AMA may unfamiliar with Alchemy Pay, can you name some countries, payment channels and merchants? Do you have a target to be a globally accepted platform? If yes, what are your strengths and what kind of developments will be done on Alchemy Pay? As a cryptocurrency holder, can I keep hopes about using them for day-to-day work instead of converting in to fiat?
Please explain how does “pledging” work on Alchemy Pay. According to your description, new partners need not pay integration fees to join the payment network or use our services, but they pledge an amount of $ACH. How much $ACH they have to pledge? If partners wish, can they pay an integration fee instead of pledging $ACH? Why did you introduce this mechanism? As a platform, what are the benefits you get when partners pledge $ACH without paying a fee?
Recently, you have announced a new collaboration with STEPN. Accordingly, STEPN’s $GMT is now supported for use on Alchemy Pay. It is true that the partnership will help to reshape the future of STEPN. Can you broadly explain about the benefits that Alchemy Pay get with this collaboration? In addition to supporting tokens, what kind of collaborations you will build-up in the future for the betterment of your platform and the community?
I read on Medium that Alchemy Pay entered further into the Australian and New Zealand markets with several of their partnerships and that thanks to this, they had large increases in ACH token holders and Twitter followers, so can you tell us, for the next few months, what strategies will be used to continue to increase ACH holders and to gain entry into other markets that like Australia and New Zealand would be good for the growth of the project?
I read that the number of wallet addresses holding the $ACH token has increased by 129% between December 2021 and March 2022, a really good increase for the project, but how will you manage to keep this number increasing, especially with the panic generated by the fall of the major currencies in the market? Tell us a little about the benefits of buying and holding $ACH tokens and tell us what are the most important use cases, if it is possible to generate passive income with $ACH, how do you protect $ACH holders from hackers and finally, how do you motivate users who already own $ACH tokens to continue to hold them?
Alchemy Pay (ACH) links global fiat and crypto economies through its real-world payment network and pervasive access to web services3. But given that traditional payment systems are insecure, how has Alchemy Pay managed to provide security and trust for transactions within the platform by integrating these two very different economic systems? Have you integrated different wallets around the world to make this possible?
Alchemy Pay claims to be a GLOBAL payment network, but we know that some countries have very strict regulations for decentralized platforms, so this limits globalization and adoption. How has Alchemy Pay managed to overcome this problem to become a truly global platform and make its services available to all users around the world regardless of their location? How will they manage to provide unlimited access to all users? What are Alchemy Pay’s partnerships and links to real life, so that the use of its DApp is not limited by the skepticism of large companies and merchants around the world?
Indeed you’ve gotten a very wonderful platform at hand, and while reading about your project, i was pleased to know that
Alchemy Pay Supports Shamiri Institute’s Mental Health Cause in Africa, knowing that the Shamiri Institute is a Harvard-backed project that is undertaking ground-breaking research into mental health. However, i would like to know how the donations is being made, is the donations made by your Platform alone? can a user also support you with donations in these Noble cause you’ve ventured into? Is there any other Charity organisations that Alchemy supports and sponsor?
There is no question that DeFi is a powerful new tool in the financial market to bring more money to more people in a safe, liquid and disruptive fashion. However, can you give a brief Elaborations on the Key products and services that your Platform Alchemy provides to its users? Furthermore, taking into consideration that DeFi networks provide essential services such as lending and yield farming, all of which can provide space for fiats. I would like to know if Alchemy is going to allow people to access fiat loans by using crypto as collateral? Can you state the advantages that Traditional finance users would leverage by using your platform?
I’m still remember from last AMA with Satoshi Club on August 2021 that Alchemy Pay mention will work to get the largest deals that drives big adoption. Could you tell us what are the massive adoption and achievement that Alchemy Pay already do until now? And how will Alchemy Pay survive in this bearish season? Like we know there are a lot of problem in crypto world for example LUNA and SOL case right now
I learn that Alchemy Pay ($ACH) bridges fiat and crypto global economies through its real world payment network and mainstream friendly access to web3 service. Can you share to us about how the mechanism work and how about the fee? How do you got profit to maintain the work from Alchemy Pay?
Do you consider that the adoption of the decentralized system worldwide may be the best way to achieve the reactivation of the most vulnerable productive sectors, is it convenient for the cryptographic sector to link to the Fiat system, what strategies and mechanisms do they apply to safeguard their cryptographic integrity?
I read that Alchemy supports more than 70 countries, I would like to know if countries like Venezuela, South Africa and other countries with weak economic models have the opportunity to operate your platform? Is your platform aimed mainly at wholesale investors or are there no limits or established profiles, what sectors are your potential investors and how do you encourage them to continue with you and keep their tokens in the long term, how long have you been operating in the market?
What new paths does Alchemy open in Defi when operating with cryptocurrencies and Fiat, what is its system to guarantee the optimal integration of the block chains and the fiat currency economy, I read that Binance will bring Bitcoin payments to Shopify through Alchemy Pay, is it already available or is it still in process, what is your greatest purpose to fulfill before the end of 2022?
While examining the main objectives of Alchemy Pay, I noticed that it was closing the gap between cryptocurrency and fiat to drive blockchain adoption. So what are the strategies the Alchemy Pay team is pursuing to bridge the gap between cryptocurrency and fiat? What are the tools you use as a basis to increase the adoption of the blockchain? are there any partnerships you have established or planned to accelerate the adoption?
Many new projects make a good impression at first but are suddenly abandoned. My question is, how will you manage the project and the token to get a position in the market and become the best token in the crypto world?
What is your biggest obstacle? Many projects look great only on their Whitepaper & Roadmap but face many difficulties when trying to implement the project mission and end in failure. How does Alchemy pay overcome every obstacle in its project development
Collaborations and partnerships are some of the most important cornerstones to help
improve adoption. Could you please tell us about the current partners, plans for partnerships
and what everybody stands to gain from these partnerships?
Who are your target audience and potential customers for the Alchemy Pay platform, and who can use Alchemy Pay? In how many countries is Alchemy Pay currently supported, how many different payment channels are available in Alchemy Pay? Could you give information about Alchemy Pay’s work and developments in the field of crypto and Web3, can you give 1-2 simple examples of the services you offer as a solution?
Alchemy Pay’s primary target market is Asia-Pacific, but what additional areas does Alchemy Pay want to introduce? Perhaps Europe?
Can Alchemy pay be extended to 2-Layer Protocols? Do you like Lighting Network?
The ability of DApps to pay using tokens is one of the KILLER aspects of Alchemy pay. Instead of assuming the Gas expenses, but how is this possible?
May you tell us where we can get your native token? How do you handle regulatory or legal issues?
Can you tell us who your biggest competitors are at the moment and how alchemy compares to them? What issues in your project need to be fixed before users select you over a competitor?
Because Alchemy supports a wide range of fiat currencies, my main issue is how easy it is to make withdrawals in local currencies, whether or not we have to go through any verifications, and whether or not there is a restriction to how much we may withdraw.
I am a regular buyer of Shopify. I saw Shopify is one of your mainstream partners. Normally, I am using my credit card or paypal as the payment method. In the future, will I be able to pay with $ACH? If yes, why should I shift my payment method. Do I get any discounts/offers for $ACH payments? Since the value of cryptocurrencies is not stable, does the price differ according to market conditions? For example, can a pair of shoes be 500 $ACH in the morning and 750 $ACH in the afternoon? BTW, do you have any plan to partner with major platforms such as ebay, amazon and AliExpress? On the other hand, if a single person/a small team designs a shopping website, can he request the support of Alchemy Pay?
Alchemy Pay is a payment solutions provider that seamlessly connects fiat and crypto economies for,
1. Global consumers
2. Merchants
3. Developers
4. Institutions
Please separately explain the benefits that each party get by using Alchemy Pay. Among these four parties, what is your main priority?
Can individual persons get your crypto-linked cards or are they only for institutions? I wish to know about the mechanism of this card. Normally, we spend the funds in our bank accounts via Visa/Master cards. To use this card, should we connect it to a cryptocurrency wallet? Can we connect more than one wallet? In addition to spending from the wallet, are we allowed to top up the card using ATMs? Is this card able to convert cryptocurrency to fiat currency and vice versa? If yes, do you charge a conversion fee?
Alchemy Supernode powers each piece of node functionality with the same systems used by Facebook and Amazon for achieving massive scale. Those two are the biggest centralized digital figures, how can their system be comparable and efficient to the development of blockchain nodes, that are some finally determined by its capacity of achieving effective Decentralization?
❤️ Certainly web 2.0 has many issues. It lacks several functions needed to efficiently manage blockchain, because web 2.0 infrastructure uses multiple servers managed by a load balancer, which doesn’t work with blockchain because each node has different blocks, transactions and logs, so this constantly causes errors that crash apps. Web 2.0 seems to be responsible for many bad experiences from blockchain users, yet it has been leader for a long while, and currently continues to be, though it’s expected to change. So what is the component and functions of Web 3.0 in Alchemy Pay that allows it to overcome all the issues of Web 2.0?
I see even though the Alchemy team archived an incredible milestones & new partenerships .
The price of token is depreciating.
So what can you say to investor about it
I see $ACH is an ERC-20 token.
But Alchemy pay is an hybrid payment system, so how will you achieve your goal if the gas fees are higher
How does your partenership with BINANCE PAY help $ACH holders?
Are you planning to integrate ACH with other exchanges?
I read Alchemy pay has 10 billion token supply.
So to avoid inflation are you planning on any burning rate or buy back program
Hi there, Can you tell us a story behind how the name Alchemy was created and why? Thank you
You recently announced Paytend and NIUM partnerships. Can you explain why these are important for your business?
with your POS is that only we can make crypto transection or whatever is the medium we can pay like credit cards etc..?
$ACH are for transection?
I think you should add more chain to reduce gas of ERC20 and to produce your coin circulation.
Can a merchant issue a refund process to his customer? What is a elegible criteria to ask for a refund? Can you 100% refund the money or the gas fees which customer pay at the purchasing point?
Can there be any invoice on refund called void slip ?
I had your whitepaper the shocking thing that struck me in that is your $ACH tocken worked on ERC20 CHAIN. Are you planning to introduce some more chain.
Half of budget you used for promotion and upgrading your what is your main target in upcoming month onboarding merchant or something else? What’s the percentage invested on promotion from 50%?
Few days ago, You have announced a Alchemy Pay ambassador program/KOLs but there are not available much details about that. So, Can you give more details about the ambassador program? What are the requirements to be an ambassador of Alchemy Pay platform & What kind of benefits will the users aquire by being an ambassador/KOLs within Alchemy Pay Ecosystem? What are the responsibilities that you will be looking from the ambassador, you will select? However, You have mentioned specific regions for the ambassador program. Other countries are restricted. Why is that? Don’t you need to spread the word about the Alchemy Pay Project in a global stage?
Literally, Alchemy Pay provide fiat payment rails for global services such as crypto exchanges, DeFi protocols, NFT marketplaces, other web3.0 services. Can you explain what will be the fiats that are accepted by Alchemy Pay platform? Will you accepted any kind of Fiats/Stablecoins like USDT, BUSD, USDC, UST? By the way $UST (The stable coin of Terra Network) has been fallen recently. I saw that you promised to the Alchemians about the reduce losses in Fiat Payment rails. So, How will you manage the risk situation like LUNA Tragedy by using the reduce losses feature?
After Going through your website, I found that $ACH token is listed on many exchanges already such as Binance, Coinbase, Huobi Global, Pancakeswap, Uniswap etc.. it’s really impressive. So, Tell me what will be the next step that you take to development of $ACH token? Initially, $ACH token has been developed on Ethereum chain as ERC20. So, do you plan to integrate the $ACH token structure in to Multichain mechanism, I mean will you develop $ACH in BEP20 model? If yes, Tell more details regarding that?
Hello, Alchemy Pay team.
You are probably one of the first projects that implement cryptocurrency payments on such a scale. It’s really cool. I was an investor in another project that used partner bank cards so that the user could pay with crypto. Their scheme was simple, from the user’s exchange wallet, the cryptocurrency goes to the service account, then the partner bank gives a loan to the service in its circuit and this money is credited to the user’s fiat account. Please tell us what scheme you use? At what stage does the exchange take place? Does the seller actually receive a cryptocurrency or a fiat payment?
Hello, Alchemy Pay team.
You are probably one of the first projects that implement cryptocurrency payments on such a scale. It’s really cool. However, I can imagine how to technically ensure the interaction of user funds, if they are on an exchange wallet, you can use the API there. Tell us how you have implemented interaction with over-the-counter wallets? Does the user need to confirm the transaction every time they make a payment?
Hello, Alchemy Pay team.
You are probably one of the first projects that implement cryptocurrency payments on such a scale. It’s really cool. Your token is issued on the ether network, and the BSC network is also connected. At the moment, there are faster and cheaper L2 solutions and others. Are you planning to connect any other networks or will you stay only on these two networks and why?
Hello Alchemy Pay Team!!!
You have mentioned that over 2 million merchants have been gathered through the partnerships of Binance, Shopify, NIUM & QFPay. Is it true? As being a merchant in Alchemy, What kind of benefits will you offer for the merchant? Using $ACH currency for the merchant purposes, In which manner will both of the merchant companies & buyers be benefited? Explain us about the merchant policies that Alchemy Pay imposed currently? Any way, Will there be a own merchandise platform within the Alchemy Pay ecosystem in future?
Hello Alchemy Pay Team!!!
With more than 60+ team members, Alchemy Pay project has achieved the current progress in Singapore. How about the team member’s background? Do All of them have experiences in blockchain industry? How about their dedication towards the project? Are all of them hired from Singapore? I also llike to join with Alchemy Pay team. How do I find a job according my skills? Will you give a chance to the community not from Singapore country?
Hello Alchemy Pay Team!!!,
The famous Brazilian legend foot ball player KAKA has signed his AC milan T-Shirt for the Alchemy Pay Founder. All around the Foot Ball know that KAKA is a legend & Love him as a celebrity. Is KAKA an ambassador of Alchemy Pay Project or Is he a partner of Alchemy Pay project? In order to appreciate the fans of Alchemy Pay, The founder of Alchemy Pay will offer the T-shirt as a Prize. How do we enter to this game? What requirements should we fulfill? Should we hold some $ACH tokens? And also will there be more celebrities like KAKA in future within Alchemy Pay project? What about Messi, Will he join with you?
Greetings Alchemy Team!
Knowing that the Philosophy behind of Alchemy Pay’s flagship service is an all-in-one fiat and crypto payment network for businesses which can be deployed in any system, be it offline (POS terminals and mobile devices) or Online. But my main interest in your project is this: Since your project is Global, i believe that there are many Countries all over the world who’s Citizens are not very exposed to Cryptocurrencies and how it operates. In this instance, how does Alchemy intend to reach out to most of the Underdeveloped Countries to help in incentivizing and educating them on the numerous benefits Alchemy has in store for them? How many countries in total have you been able to work with or reach out to?
Thank you
Greetings Alchemy Team!
Knowing that there are other Competitors out there who also offers similar Services like you do, taking Indacoin as an example, they was one of the first on the market to offer the possibility of buying cryptocurrency using bank cards. For seven years, the company has evolved from a crypto exchanger into a fully-fledged gateway for quickly converting Visa and Mastercard payments into cryptocurrency. Can you tell us how your platform Alchemy aims to be different from others out there? Would your platform also support Visa/Mastercard Payment methods? What other key services does Alchemy offer its numerous users out there?
Thank you
do you have any partnership with other crypto agencies and also what’s your backup refund plan in case of failed transaction?
How do you intend making offline businesses accept fiat and crypto payments with local fiat settlement. Knowing fully ware that crypto payment requires having to be fully aware and online payment literate before you can handle…