Alchemy Pay (ACH): a payment gateway between traditional finance and cryptocurrencies

However, crypto users' main problem is transitioning from the traditional financial (fiat) environment to a decentralized (cryptocurrency) one. The Alchemy Pay protocol team provided one solution to this problem, which will be discussed in this article.

What is Alchemy Pay?

Alchemy Pay is an open-source protocol that provides users around the world with a payment infrastructure that combines the traditional financial sector with the cryptocurrency sector. In the cryptocurrency community, such infrastructures are often referred to as "crypto fiat" infrastructures. The Alchemy Pay payment platform was launched in 2018 in Singapore, and another year later, the developers released their token.

The products developed by the Alchemy Pay team are solutions for a range of tasks:

Cryptocurrency payments;
Exchange of fiat to cryptocurrency and vice versa;
Services for buying and selling NFT tokens, including fiat currencies;

Also, in 2023, the developers of Alchemy Pay released their own virtual Visa and Mastercard cards, allowing users to pay for purchases with cryptocurrency. In the same year, the international payment system Visa included the Alchemy Pay platform in the list of official service providers. Alchemy Pay acts as a "connecting gateway" between traditional finance and cryptocurrencies as part of this cooperation.

Alchemy Pay token

The Alchemy Pay team released its ACH utility token in September 2019. A year later, in September 2020, the token was listed on cryptocurrency exchanges.

Alchemy Pay does not have a blockchain, and the ACH altcoin itself was issued based on the ERC-20 standard used to issue tokens in the Ethereum ecosystem. The ACH token is endowed with various features, such as:

Staking: ACH token holders can open a deposit in these tokens and receive rewards;
Interaction with the Alchemy Pay ecosystem: token holders can receive various bonuses and privileges, such as discounts on commissions;
Exchange: ACH tokens can be converted to fiat and other cryptocurrencies through the Alchemy Pay platform;
Lending: users of Alchemy Pay can use ACH tokens as collateral for loans in digital assets.

As of March 2025, the value of the token ACH is estimated at $0.026, with a market capitalization of $229 million. According to this indicator, Alchemy Pay is ranked 175th among cryptocurrencies — as evidenced by the data of the monitoring service CoinMarketCap.

The Alchemy Pay token's absolute maximum (ATH) price was recorded in August 2021 at $0.19, which is almost 87% higher than the current rate. The initial issue of Alchemy Pay tokens amounted to 10 billion — of which 8.7 billion are already circulating on the market. Only about 13% of the tokens remain unblocked, which means there will be no significant pressure on the asset's price when issued.

Conclusion

Despite the negative dynamics since 2022, when the cryptocurrency market was undergoing a crisis, the Alchemy Pay token remained "afloat." And over the past year, as of March 2025, the ACH token has lost only about 14% of its value.

For comparison, the second most capitalized cryptocurrency, Ethereum, has lost more than 40% in value over the year despite the high demand for it. Moreover, the ACH token, in February 2025, even managed to update the annual maximum, unlike the same altcoin Ethereum. This dynamic indicates the high interest of investors in the token and the Alchemy Pay project itself.