Alchemy Pay (ACH)

Overview

Alchemy Pay is a payment platform that connects traditional money, often called fiat, with cryptocurrency. Its services help people buy digital assets using familiar payment methods and turn crypto back into money that can be sent to a bank account or card. Businesses can add these services to their own websites and apps. ACH is the token used within Alchemy Pay’s payment ecosystem and on its blockchain, Alchemy Chain. (support.alchemypay.org)

A simple example is a wallet app that lets a customer buy crypto with a bank card. Alchemy Pay can provide the payment and conversion tools behind that purchase. The same customer may later use an off-ramp to convert crypto into fiat. This link between bank-based payments and blockchain assets is the project’s main focus. (support.alchemypay.org)

History & Team

Alchemy Pay was founded in Singapore in 2018. Its founder, Shawn Shi, has worked alongside leaders with backgrounds in payments and finance. Molly Zheng served as CEO in the project’s early years, and John Tan succeeded her in 2021. Their work centered on making crypto payment tools fit into systems that merchants and customers already use. (prnewswire.com)

The company first developed payment gateways and fiat-to-crypto services. ACH was created as an Ethereum token in 2019. Alchemy Pay later expanded through integrations with wallets, exchanges, and blockchain projects. In April 2023, the company announced a $10 million investment from DWF Labs to support expansion in South Korea. (alchemypay.org)

A major step followed on May 7, 2026, when Alchemy Pay announced the launch of the Alchemy Chain mainnet. That gave the project its own blockchain for payment-focused applications, alongside its existing gateway services. (prnewswire.com)

Technology & How It Works

Moving between fiat and crypto

Alchemy Pay’s on-ramp turns fiat into crypto. A person chooses an asset, a payment method, and a receiving wallet. The off-ramp works in the other direction: the person sends crypto and receives fiat through an available payout method. The supported options vary by country and include cards, bank transfers, and local systems such as Brazil’s PIX and Europe’s SEPA Instant. (support.alchemypay.org)

Developers can place these tools inside an app through an API, software kit, or checkout page. That allows a wallet or marketplace to offer fiat payments without building every connection to banks and local payment providers itself. The payment service handles the fiat side, while a blockchain records the transfer of the digital asset. (prnewswire.com)

Alchemy Chain

Alchemy Chain is a Layer 1 blockchain built for stablecoin payments. Its documentation describes a proof-of-authority design, in which approved validators confirm transactions. It is compatible with Ethereum-style applications, making it easier for developers familiar with that system to build payment tools. ACH pays the network fees, often called gas, for transfers and smart-contract actions. (alchemychain.readme.io)

An official bridge moves ACH between Ethereum and Alchemy Chain. When a user bridges tokens to Alchemy Chain, the system holds the Ethereum tokens and creates a matching amount on the new network. Bridging back reverses that process. This lets someone use ACH for Alchemy Chain fees while keeping the two networks’ token balances linked. (alchemychain.readme.io)

Tokenomics & Utility

ACH began as an ERC-20 token on Ethereum with an original supply of 10 billion. Alchemy Pay’s earlier allocation plan set aside tokens for payment-related rewards, enterprise partners, the team, backers, and advisers. The largest share was intended to encourage activity across its payment network. (alchemypay.org)

In 2026, the project adopted a supply framework connected to Alchemy Chain. It sets a long-term total of 15,346,246,088 ACH and provides for tokens to support validators, developers, payment activity, and other network work over time. A later community vote addressed the schedule for releasing the additional tokens. This is a change from the original 10-billion-token plan, so the date of a token document matters when reading its supply figures. (alchemypay.medium.com)

ACH has several roles. It can be used in payment-platform fee and incentive programs. On Alchemy Chain, it is the asset used to pay transaction fees. Project documents also describe roles in validator incentives and governance, which lets holders take part in certain network decisions. ACH is separate from the fiat or stablecoin a customer may use to make a purchase: its role depends on the service or network action involved. (alchemypay.org)

Ecosystem & Use Cases

Alchemy Pay’s products serve both consumers and businesses. A consumer might use an on-ramp inside a wallet to buy crypto, or an off-ramp to receive money from a crypto sale. A merchant or app developer might add a checkout page so customers can pay with a local method. The company also offers NFT checkout and virtual-card services that connect digital assets with more familiar shopping experiences. (support.alchemypay.org)

Its payment connections reach many regions, though the available assets and methods depend on location. Alchemy Pay has reported support for fiat-to-crypto purchases across more than 170 countries and regions. Examples of local methods include India’s UPI, Indonesia’s QRIS, and Mexico’s SPEI. These options matter because a payment method people already know can make a new crypto service easier to use. (support.alchemypay.org)

Alchemy Chain adds another use case: moving stablecoins and building applications for merchant payments or transfers between countries. The chain’s mainnet is live, while the broader network of payment applications and settlement routes remains an area of development. (prnewswire.com)

Advantages & Challenges

Alchemy Pay’s main advantage is its connection between two different systems. Card networks and local bank methods are familiar to customers; wallets and blockchains are familiar to crypto users. Combining them can help developers add a purchase or payout feature to an existing product. The range of local payment methods also gives the platform ways to serve customers whose preferred option is a bank transfer or mobile payment rather than a card. (support.alchemypay.org)

The same reach makes the service complex. Payment methods, supported assets, identity checks, and fees can differ across locations. Card processing and blockchain network fees may both form part of a transaction’s cost. Alchemy Chain also brings a new task: turning a live blockchain into a widely used network of wallets, merchants, and payment applications. Its proof-of-authority design places transaction validation with approved operators, reflecting its focus on controlled payment infrastructure. (support.alchemypay.org)

Where to Buy & Wallets

ACH is available on Coinbase and Kraken. The exchanges describe ways to purchase it with supported payment methods, subject to account and location requirements. ACH can also be held outside an exchange in a wallet that supports its network. (coinbase.com)

MetaMask can display the Ethereum ERC-20 version of ACH. Its Ethereum contract address is 0xEd04915c23f00A313a544955524EB7DBD823143d. MetaMask allows users to add an ERC-20 token by entering its contract address if it does not appear automatically. ACH bridged to Alchemy Chain uses that network instead; the chain publishes its mainnet settings and bridge in its developer guide. The receiving wallet’s network must match the network used to send the tokens. (alchemychain.readme.io)

Regulatory & Compliance

Payment services operate under different rules in different places. In the United States, Alchemy Pay, Inc. lists money-transmitter licenses in several states, including Delaware. Its U.S. corporate site describes that entity as pre-operational and says it does not yet provide on-ramp, off-ramp, or money-transmission services there. In Europe, Alchemy Pay announced an investment and cooperation agreement with MiCA-licensed ZBX Group to develop on- and off-ramp services. These arrangements concern specific companies and activities rather than every possible use of ACH. (alchemypay.us)

Identity checks are part of the platform’s payment operations. Alchemy Pay says business partners complete a know-your-customer process, and its consumer transaction limits can depend on account verification. (support.alchemypay.org)

On Islamic finance, a CryptoHalal assessment classifies the ACH project as permitted, or halal, based on the payment, fee, and governance functions it examined. A separate arrangement involving lending, staking, or other returns has its own terms to assess under Shariah principles. (bybitgeorgia.ge)

Future Outlook

Alchemy Pay’s next phase centers on connecting its established payment services with Alchemy Chain. The project’s plans describe stablecoin settlement, more payment routes, and tools for developers and merchants. Progress in those areas would make ACH’s network-fee role more closely tied to applications people use. The work involves both technical integration and the payment partnerships needed to move between fiat and digital assets. (alchemychain.readme.io)

Summary

Alchemy Pay helps connect familiar ways to pay with cryptocurrency services. Its ACH token supports parts of that payment ecosystem and pays fees on the live Alchemy Chain network. Together, the gateway and blockchain show the project’s approach: make digital assets easier to buy, move, and use alongside traditional money. (support.alchemypay.org)