Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Hello Satoshi\nClub community ! We are pleased to announce today AMA with Alchemy Pay <\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Hello\neveryone and welcome to a new AMA session in Satoshi Club <\/p>\n\n\n\n Our guest\ntoday is @johntankn, representing Alchemy team<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Welcome to\nSatoshi Club John!<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Welcome again\nto Satoshi Club @johntankn<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Hi everyone!\nSo glad to be back here after almost a year <\/p>\n\n\n\n Thanks for\nthe warm welcome!<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n How are you\ndoing today ?<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n It is said that people always come back to those places where they were happy <\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Agree with\nyou Luis <\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Great!\nMondays are typically a tiring day but feeling pumped and getting energetic for\nthis hah<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Great news\nthen <\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n True!<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Starting the\nweek with energy <\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Yes! we are\nalso very excited to do AMA with Alchemy Pay and want to know more update from\nAlchemy Pay<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Let’s start\nour AMA<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n I can’t\nwait…<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Yes – so much\nto share with everyone here today<\/p>\n\n\n\n Let’s go~!<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Let’s start\nwith introduction, can you please introduce yourself and your team. <\/p>\n\n\n\n How did you\nget to be involved in Cryptocurrency & Alchemy Pay Project?<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Sure – I’m John Tan, the CEO of Alchemy Pay. I have been with the project since early 2019 where we first started out to focus on driving crypto adoption in the payment sector. Today, we’ve expanded our services without changing our mission, which is to drive the adoption of cryptocurrency by bridging the gap between the crypto and fiat economies, in simpler words, making it easy for those in the fiat world to enter the world of web3 and vice versa!<\/p>\n\n\n\n I’ve been\nheavily involved in the traditional financial markets since my first job – made\nthe leap of faith into crypto in 2018 and boy, what a journey it has been! Will\nshare more as the AMA progresses!<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Mass\naddoption, here we go! <\/p>\n\n\n\n Such a great\nbackground, John<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n How big are\nAlchemy Pay team for now ? can you please introduce to us the core team ?<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n We’ve a team\nof close to 60 team members, of which about 40 are in the products, operations\nand tech team. Our BD and Marketing team make up for the rest of the team. Our\nteam members are based across numerous cities ranging from Singapore, UK,\nCanada, Germany, Japan, Beijing and more.<\/p>\n\n\n\n Talent crunch\nis very real in our industry but i’m glad we are still attracting many talented\nminds. In fact, we have about 5\/6 Sales and BD opening up in the next few weeks\nto continue driving our business growth. Keep a lookout on our website to find\nout more details!<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n You guys have\na big team <\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Wow its a big\nteam ! <\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n From all\naround the world <\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n 2022 is a big\nyear for us – with 2 core services launched. We expect to continue hiring more\ntalents over the next 6 months – across all continents.<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Lovely!<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n So can you\nplease introduce again to us and new member from Satoshi Club, what is Alchemy\nPay ?<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Well – i\nthink i can best answer this question by touching on our core services. <\/p>\n\n\n\n We are\nlargely a B2B2C project, meaning that our enterprise-grade solutions are used\nby businesses across the world. Our 4 core businesses are:<\/p>\n\n\n\n 1. Crypto\nPayment Acceptance – Helping merchants and businesses accept cryptos as a form\nof payment (while paying them in their preferred local fiat currency)<\/p>\n\n\n\n 2. Fiat\nPayment Rails – Enabling Web3 and crypto players such as crypto exchanges\naccept fiat payment modes such as credit cards, debit cards and Alternative\nPayment Methods (APMs – such as mobile wallets, domestic faster payment\nservices)<\/p>\n\n\n\n 3. Crypto On-\nand Off-Ramps – Enabling consumers to easier buy and sell cryptos using\nmainstream payment methods (see fiat payment rails) so they can access the\nworld of Web3 seamlessly, DeFi, NFT, Metaverse and more!<\/p>\n\n\n\n 4. White\nLabel Crypto Card – Empower crypto issuers and crypto players to issue their\nown Visa and Mastercard that can be recharged with crypto-assets and be spent\nacross over 65 million merchants globally.<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n 3 & 4 has\nbeen launch in the past 2 quarters.<\/p>\n\n\n\n All these\nservices require $ACH token to be pledged by our enterprise partners to be\naccessed.<\/p>\n\n\n\n Hope that\nhelps!<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Of course it\ndoes!<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Our recently\nrevamped website has a lot more info too!<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n I have never\nseen such a great intro <\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nthe great intro !<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n you are too kind.<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Ready to\nstart with community questions?<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n We have\ncollected 6 community questions for part 1 from Satoshi Club community, <\/p>\n\n\n\n ready to\nproceed?<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Yup! Let’s\nroll~<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Q1 from Telegram username @Billz120<\/em><\/p>\n\n\n\n Hello Alchemy Pay Team \u2013 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 \u201cPayment Protocol Rewards\u201d, 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\u2019m curious to know whether there has been some modifications in the area of your \u201cPayment Protocol Rewards\u201d 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 \u201cReward System\u201d as of now, pursuant to your community to help drive usage of Alchemy services ? Thanks for answering.<\/em><\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Well – that\nwas me! Haha.<\/p>\n\n\n\n Our goal has\nnever changed – Alchemy Pay continues to function as a bridge between the fiat\nand crypto worlds. This solves the fundamental issue of our industry whereby\nit’s difficult for the fiat holders to get into the crypto world (most of you\nshould know how challenging it was to buy crypto with your local fiat money) as\nwell as using your crypto to access real-world goods and services.<\/p>\n\n\n\n We started\noff with providing crypto and fiat payment acceptance with the solution with\npioneered in 2019 – the World’s First Hybrid Fiat-Crypto Payment System. As\nmentioned, we are now also providing crypto ramps and white label crypto card\nservices.<\/p>\n\n\n\n Our rewards\nsystem is still very much integrated into our 4 core services, where all\npartners using our services are rewarded with ACH tokens for driving\ntransactions on our gateways. For instance, merchants are well incentivised to\nprocess crypto transactions because it’s ~70% cheaper than typical credit card\ntransactions as well as receiving ACH as rewards for driving crypto\ntransactions!<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n While most of\nthe rewards are targeted at merchants, as it’s designed to attract more\nenterprise users to make our services available to end consumers (hence the\nB2B2C model), we are now working towards rewards for consumers too!<\/p>\n\n\n\n This is for\nour Crypto On- and Off-Ramp services whereby end users who buy\/sell cryptos using\nour platform will begin to receive ACH as a form of reward. We’re still trying\nto work out the best method to integrate this 2C rewards without\ndis-incentivising our existing enterprise partners. After all, the enterprise\npartners sit at the heart of our entire ecosystem and are the ones that drive\nup demand and usage of $ACH token in the form of pledges and transaction fees.<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nthe detail answer , i hope @Billz120 already satisfied with the answer<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n That’s pretty\ngood. As you say, there are always some issues when connecting crypto to real\nworld<\/p>\n\n\n\n Ready for the\nnext question, John?<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Yes<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Q2 from Telegram username @UncleStrange1<\/em><\/p>\n\n\n\n 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\u2019s 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?<\/em><\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Being the\nbridge to and fro the fiat world, we work with financial institutions such as\nbanks, card issuers and card acquirers to facilitate transactions that interact\nwith the world of crypto.<\/p>\n\n\n\n This poses\ngreat risk of money laundering as you can effectively view crypto wallets as a\nanonymous bank account. As such, we take great care to ensure we KYC our\ncustomers to ensure their source of funds are legitimate. However, traditional\nand manual KYC methods on its own can be an obstacle for adoption of crypto as\nit’s often a lengthy process! Users want a seamless and real-time transaction –\nnobody wants to wait 1-2 business day before they can buy\/sell their crypto while\nwaiting for KYC to be approved.<\/p>\n\n\n\n This is why\nwe partnered up with Basis ID (recently acquired by ZignSec, who will be our\nKYC partner going forward) – to provide us with real-time KYC services.\nEnsuring our users receive KYC approval results in matter of seconds.<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Ready for the\nnext Q!<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n You were born\nready <\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Can you\nplease share the Partnership from Alchemy Pay ? and how many country that\nalready can use service from Alchemy Pay ?<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n I saw their\nwebsite, and they have huge partners. But let’s wait for him to share <\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Besides\nsanctioned countries and jurisdiction, we support over 70 markets for crypto\npayments. We also support most fiat currencies, over 100 of them!<\/p>\n\n\n\n Our services\nare available worldwide, thanks to our payments and legal team building our\npayments\/remittance channels and securing necessary operational licenses in the\npast few years<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Cool ! That’s\nreally a lot ! <\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Oh, my, god!<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Huge numbers <\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Too many\npartnerships to list! But some of the recent and prominent ones are Binance\n(for Binance Pay), StepN, Poylgon, Avalanche, Polygon and many other top crypto\nand fiat industry leaders. Check out our website for a complete list of\npartners; our Twitter and Telegram also post all updates and announcements in a\ntimely manner <\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Trusty\nproject always have great partnership <\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nthe answer, do you want to add anything or we can go to 3rd question ?<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n You are right\n<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Ready for\nnext Q!<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Q3 from Telegram username @MudaraSilva<\/em><\/p>\n\n\n\n $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?<\/em><\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n For most of\nour services, transaction fees are covered by our enterprise partners.<\/p>\n\n\n\n Using the\nexample of a credit card transaction, merchants often pay 3-5% in transaction\nfees to the payment company they work with, these payment are only settled to\nmerchants in 1-2 weeks (called settlement period, where merchants receives the\nmoney for the transaction process. <\/p>\n\n\n\n We change the\ngame in which global cross-border transactions are conducted. We help\nbusinesses accept numerous cryptocurrencies and only charge merchants 1% in\nfees – furthermore, we settle to the merchants in just 1 day so they can\nreceive the funds without causing any cash flow problems.<\/p>\n\n\n\n Merchants\nthat choose to pay for their transaction fees in $ACH will receive 20-30%\ndiscount in their transaction fees. 50% of the ACH we receive are directly\ninvested into our business development team as well as business promotional\ncampaigns to secure more merchants and partners that will pledge additional\n$ACH to use our services. Our tokenomics is designed to continuously drive\norganic growth.<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Ready for\nnext Q!<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nthe detail answer, lets go to next question <\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n You have fast\nfingers, huh? Practice makes master<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Q4 From Telegram User @Goalmessi1977<\/em><\/p>\n\n\n\n I\u2019m 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<\/em><\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Another\nSatoshiClubber that remembers our first AMA with AlchemyPay <\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Indeed ! they\nhave strong memory <\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Ah – this is\na good point i didn’t capture earlier. Our business team follows a top-down\nstrategy, where we work with synergistic partners that will help us grow our\nbusiness the fastest. For example, instead of providing crypto acceptance\nservices to a single merchant, we seek out payment companies that have\nthousands of merchants to conduct an integration. One such integration will\nenable crypto payment option for all of these merchants! We believe that this\nwill be the most effective strategy in growing our business in the fastest\ntrajectory (consequently, driving crypto adoption in the shortest time possible).<\/p>\n\n\n\n Our new core\nbusinesses – such as crypto ramps – also follows the same strategy, for\nexample, while we can provide crypto ramp services to allow users to buy and\nsell cryptos against fiat money. Instead of that, we partner up with\nblockchains such as Polygon, NEAR, Avalanche, MAP Protocol etc. so that all\nDapp developers building on these blockchains and their end-users will get\naccess to our services!<\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you, I\nguess it’s now clear for “Messi” <\/p>\n\n\n\n Shall we move\ninto the fifth question of part 1?<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Agree ! You\nhave good strategy here, i also believe a project will need partner to help\nthem grow !<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Regarding\nLUNA and SOL – these are mainly related to tokenomics and tech\/code issues\nwhich may not be relevant for us. The strength of $ACH strictly depends on the\nusage of our services. Our growth in the past one year has been nothing short\nof incredible – with more BD team members coming on board soon, we are\nconfident we can continue to drive the demand for ACH token. Bear market won’t\nlast, a robust business model with actual adoption will <\/p>\n\n\n\n Our\nbusinesses are profit generating so we will be able to last throughout even\nduring the coldest crypto winter.<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Ready for\nnext Q!<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nthe clarification <\/p>\n\n\n\n Q5 From Telegram User @Dalboto22<\/em><\/p>\n\n\n\n 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?<\/em><\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Actually it\ncan be all night long if we speak about LUNA,SOL right now <\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Sorry, took\nme awhile to find this but here’s an overview of our growth since my last\nengagement with Satoshi Club!<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Oh great ! a\nlot of developments, please check it here Satoshi Club and @Goalmessi1977\n“Messi” the answer for your question <\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n This is a\ngood Q!<\/p>\n\n\n\n Regarding\nvolatility, this is the reason why merchants working with us will never have to\nhandle crypto volatility. For example, if a merchant sells a pair of shoes that\ncost $100, Alchemy Pay enables the merchant to receive a wide variety of\ncryptos and wallets such as Binance Pay, Bitcoin, Ethereum, USDT (across\npopular chains ERC-20, TRC-20, SOL and more) and our system will auto calculate\nthe quantity of crypto payable for $100 in real-time. Post the transaction,\nmerchant collects $99 (less $1 in transaction fee) in their local currency!<\/p>\n\n\n\n To clarify,\nwhile $ACH can be used to pay for real-world goods and services, our hybrid\npayment system accepts all mainstream crypto and fiat payment methods.<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Yes, it’s\ngreat to know how Alchemy Pay work mechanism to pay a product\/project <\/p>\n\n\n\n Thank you for\nthe explanation, do you want to add something or we can go to last question\n@johntankn ?<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n For discounts\nand offers, this is something we advise our merchants to provide. For instance,\nsince they are paying 3.5% for credit card transaction and 1% for crypto\ntransactions, we advise our merchants to provide some form of cashback for\ncrypto payments since both their customers and them will end up saving!<\/p>\n\n\n\n We see that\nmerchants are slowly opening up to this idea. it’s still relatively new but we\nbelieve it’s an inevitable future.<\/p>\n\n\n\n All credit\ncards’ so-called rewards\/points are all funded by consumers. Merchants pay for\nhigh card fees which is a part of operational expenses that needs to be passed\ndown to consumers. Times change, and so does money. We believe that in the next\n3-4 years, credit cards will begin to phase out. This is already apparent in\nmajor industry trends! Not too long ago, Amazon threatened to ban Visa in the\nUK.<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n Ready for\nnext Q<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n I like\ncashback system. Hope it will be implemented<\/p>\n\n\n\n Robocop\n| Satoshi Club<\/strong><\/p>\n\n\n\n Q6 From Telegram User @Asela1112<\/em><\/p>\n\n\n\n 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\u2019t you need to spread the word about the Alchemy Pay Project in a global stage?<\/em><\/p>\n\n\n\n Luis\nMerino <\/strong>🇪🇸<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n The last one!<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n The legacy\npayment methods are slowly seeping away – even for the largest USD network\nSWIFT. See:\nhttps:\/\/www.cnbctv18.com\/world\/swift-might-not-exist-in-5-years-says-mastercard-ceo-michael-miebach-13641462.htm<\/p>\n\n\n\n John\nTan<\/strong><\/p>\n\n\n\n This program\nhas been running for several months now and we have about 15 Ambassadors. As\nyou rightfully put, we are expanding where we are hiring new ambassadors –\nslowly opening to ~20 of our key markets!<\/p>\n\n\n\n We have a\nsolid incentive program for our ambassadors – such as rewarding up to several\nthousand in stablecoin for referring a successful client\/partner deal to us!\n(Yes, we are constantly hungry for partnership <\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/ACH-Recent-milestones-without-exchange-listings-21.04.22-1024x573.jpg\")
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