Alchemy is a leading cryptocurrency payment solution and technology provider in Asia Pacific that powers online and offline merchants with fast, secure and convenient hybrid crypto-fiat payment systems and solutions.
The vision of Alchemy Global Payment Solutions Limited (Alchemy is the brand name of Alchemy Global Payment Solutions Limited while ACH is the Token issued by the Alchemy, and is used as the abbreviation below.) is to provide open source protocols and rapid product development platforms for the ecosystem partners to help them with fast, secure, convenient, flexible and fast-growing global payment solutions, based on the decentralization, smart contracts and consensus mechanisms from blockchain technology. Through the rich experiences of Alchemy and its eco-partners in mobile payment applications, the team is confident to lead the payment industry’s technology application in the blockchain era and to use the solutions where the traditional payment is popular with merchants.
The Alchemy payment network solution for the payment scenario of transnational centralized collection is:
- To facilitate this need, the transnational company opens Alchemy Hierarchy of accounts. The accounts are then set according to the company’s hierarchical architecture. Account of each level support sub accounts of various types (which are set according to the need of accounting subjects),for example to support the “payment-collection parallel” model (which is commonly used in financial management of a group) then separate accounts for collection and payment can be set up for companies at each level.
- Hierarchy of accounts supports hierarchical authorization management models through which managers of the higher-level accounts could then set permissions for managers of lower-level accounts. For example, account permissions are limited to collection instead of payment, or to conducting restricted payments for designated accounts.
- When accounts at all levels of Hierarchy of accounts activate proactive collection permissions, accounts of higher level can regularly conduct automatic collections to account for lower levels within valid durations. This explains how automatic concentration of assets are accomplished in a multi-level system.
- Payment is one of the popular application areas of the blockchain, and many innovative projects have emerged.
- Several Traditional Payment Platforms are deviating away from the use of old method into the modern method which involves the use of technology simply because the traditional method is costly and also time consuming. Blockchain technology has been a huge wherever been applied which is why ALCHEMY has introduced this technology so as to reduce the cost and accelerate the transactions
ALCHEMY platform has been the number one payment platform in the PACIFIC ASIA that brings the most secured, convenient and transparent transaction between merchants. It is a hybrid platform that allows the use of both the FIAT and CRYPTO to initiate and finalize.
- The supply and demand strategy based on Alchemy’s quantitative transaction risk model, the real-time dynamic exchange rate, payment, currency conversion and network mobility manages the risk caused by the large fluctuations of the cryptocurrency.
- Based on Alchemy, the two-layer network expansion schemes such as Lightning Network and Raiden Network are integrated and optimized to compete with fiat payment, accelerate payment and improve experience, and popularize cryptocurrency.
- Based on Alchemy, make an offline solution decentralized for the interaction between fiat and cryptocurrency, and empower partners who possess business networks/resources.
- Alchemy can reward its payment ecosystem participants by issuing and distributing tokens, which come from the transaction profit and the token reserve.
The success of this project lies in the fact that it is being run by a team of professional and highly experienced individuals who are deeply informed about the payment industry and operational experience. This project will take my small business to the next level while at the same time ensuring full satisfaction of my customers.
I am talking of Alchemy, a project with the main aim of availing open source protocols and rapid product development platforms for all the participants of the platform to have swift, convenient, secure, flexible and fast-growing global payment solutions.
Alchemy will be driven by major characteristics courtesy of the fact that it will integrate blockchain technology. Payment solutions on Alchemy will be based on decentralization, consensus mechanisms and smart contracts.
Alchemy’s payment solutions will assist the entire payment sector to switch to the all-powerful blockchain technology and apply them where traditional payment is used by a majority of merchants currently.
The payment industry is currently being faced with the challenge of difficulties when it comes to cross border payments. It is usually required of one to pay excessively high service fees as well as well as wait for long periods of time just to get the transaction done. Alchemy is coming in to solve this problem and re-establish efficiency in the payment industry by implementing features of the powerful blockchain technology. Alchemy ecosystem is going to improve both online and offline payments throughout the globe upon its launch into the market.
Alchemy is the project that you need to focus on, especially if you want to be part of the blockchain technology community. Your business will have access to hybrid payment solutions which will allow you to accept fiat and crypto payments in a simple, swift and secure manner regardless of whether it is online or offline.
Official site: https://www.achpay.org/alchemy_english.html
Whitepaper: https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf
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