What is ACH

1. Project Introduction
Alchemy Pay (ACH) is a flexible hybrid payment system that enables users to transact and make purchases using both cryptocurrencies and fiat currencies (e.g., USD, GBP). The system provides independent payment terminals and infrastructure for payment networks and merchants, allowing them to build a complete payment ecosystem around Alchemy Pay. It currently supports Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallets, and domestic bank transfers across 173 countries, with a strong focus on emerging markets.
Summary: By integrating crypto and fiat payment capabilities, Alchemy Pay connects global users to a unified payment ecosystem, aiming to provide businesses and individuals with a seamless and secure payment experience.
2. Team & Investment Info
Founded in 2018 and headquartered in Singapore, Alchemy Pay’s core team is composed of seasoned professionals in finance and technology. Key members include Chief Financial Advisor Molly Zheng, former Senior Consultant at PayPal China, SVP of Personal Financial Services at HSBC China, and Chief Representative of MasterCard Shanghai. The Chairman of the Business Development Committee, Alan Tien, is a Stanford graduate and former VP of Innovation & Strategy at Visa Asia-Pacific, as well as former GM of PayPal China.
The advisory board includes former Sequoia Capital China partner Hu Qilin, cryptography expert Dr. Justin Zhan, Openmoko founder Sean Moss-Pultz, and compliance expert Natasha Lv. The technical team includes several former CTOs from payment companies who developed one of the world's leading crypto-fiat hybrid payment systems.
In April 2023, Alchemy Pay raised $10 million at a $400 million valuation in a round led by market maker DWF Labs, with the funds aimed at expanding operations in South Korea.
3. Social Media URLs
X: https://x.com/alchemypay
Telegram: https://t.me/alchemy_official
Discord: https://discord.gg/alchemypay
Medium: https://alchemypay.medium.com/
4. Token Info
Token Symbol: ACH
Total Supply: 10,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xed04915c23f00a313a544955524eb7dbd823143d
Token Distribution:
Team: 18%
Private Sale / IEO: 18%
Ecosystem Incentives: 5%
Advisory: 2%
Mobile Network: 6%
Payment Mining: 40%
Mining: 11%
5. Related Links
Official Website: https://alchemypay.org/
LinkedIn: https://www.linkedin.com/company/alchemypay/
Other Info: https://alchemypay.readme.io/docs/alchemypay-on-ramp