BitMart, a premier global digital asset trading platform will list Alchemy Pay (ACH) on March 7, 2022. For all BitMart users, the ACH/USDT trading pair will be officially available for trading at 04:00 AM EST.
What is Alchemy Pay?
Founded in Singapore in 2018, Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables users to easily access crypto and blockchain ecosystems, and makes DeFi services highly accessible.
Problems To Be Solved
In order to interface with fiat payment systems, there are numerous challenges that are considered business-as-usual:
- Multiple intermediaries add to the cost and settlement time of a transaction, as well as acting as exclusionary gatekeepers.
- Cross-border transactions are especially complex.
- Overall, reconciliation, settlement, clearing, and dispute resolution involve many steps that take time.
Businesses want to solve their payments pain-points and consumers increasingly want to pay with crypto. There are numerous challenges involved in this:
- Lack of crypto payment solutions designed for large commercial enterprises.
- Businesses do not wish to take on a separate dedicated hardware for cryptocurrency acceptance.
- Businesses want to avoid the price volatility of crypto
Alchemy Pay offers merchants 50 to 70% savings on fees, charging 1 – 1.5% in fees per transaction. Transactions settle in T+1-2 so that the business receives funds shortly after the elected threshold amount is reached. Alchemy Pay’s hybrid payment system is the world’s first payment system to integrate both cryptocurrency and fiat. To avoid price volatility, the system converts inbound crypto payments immediately to stablecoins and then to the merchant’s local fiat currency for settlement.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 800+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their Website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About Alchemy Pay
Founded in Singapore in 2018, Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto and makes crypto services and platforms accessible to mainstream users. Today, Alchemy Pay is supported in over 70 countries with 300 payment channels, has touchpoints with more than 2 million merchants through partnerships with industry leaders such as Binance, Shopify, NIUM, and QFPay.To learn more about Alchemy Pay, please visit their Website, follow their Twitter and join their Telegram.
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