Alchemy is a leading cryptocurrency payment solution and technology provider in Asia Pacific that provides online and offline merchants with a fast, secure and convenient hybrid crypto-fiat hybrid payment system and solution.
Alchemy Global Payment Solutions Limited's vision (Alchemy is the brand name of Alchemy Global Payment Solutions Limited while ACH is a Token issued by Alchemy, and is used as an abbreviation below.)
Is to provide open source protocols and a fast product development platform for ecosystems partners to help them with a fast, secure, convenient, flexible and fast-growing global payment solution based on decentralization, smart contracts, and consensus mechanisms from blockchain technology.
Through Alchemy’s rich experience and its environmental partners in mobile payment applications, the team is confident to lead the payment industry technology applications in the blockchain era and use solutions where traditional payments are popular among traders.
Online Payment in 3 Simple Steps
- Customer checks out shopping cart
- Selects crypto of choice
- Scan QR code and pay with a crypto wallet
Offline Payment in 3 Simple Steps
- Cashier keys in transaction value in hybrid app on POS or mobile devices
- Selects crypto of choice
- Scan QR code and pay with a crypto wallet
Merchant Partners
Alchemy provides you with hybrid payment solutions that will enable your offline and online businesses to accept fiat and crypto payments in a simple, fast and secure manner. Alchemy will pay you in your local fiat currency with no settlement risk.
Acquirers
Alchemy offers you a full range of payment solutions to help your clients accept fiat and cryptocurrency payments with competitive and timely settlement. Connect with us for market leading solutions and start expanding your merchant network today!
Developers
Individuals and enterprise developers play a critical role in the development of our products and services underpinned by Alchemy’s consensus protocol. Let's work together to solve the pain points of the payment industry!
Products
Usage Features
- Online and Offline, Cross-Border and Cross-Chain Transactions
- Fast and Secure Transactions with scaling solutions
- Machine learning and AI to mitigate fraud risk
- Self-governing community ecosystem
- Incentives to encourage loyalty and encourage activities on Alchemy’s platform
- Flexible payment models available to support industry needs
- 01Alchemy payment consensus protocol can be deployed seamlessly on various public blocks to enable acceptance of any cryptocurrencies
- 02 Flexible payment models available to support industry needs, including PULLPAY (merchant to scan user) to meet a variety of subscription-based and recurring payment requests
- 03Support scaling solutions such as Lightning Network, Raiden Network, State Channel Network as well as Cross-Chain Payments
- 04Machine learning and AI to mitigate fraud risk and enhance security of network and dynamic strategies to hedge depreciation risk of cryptocurrency price.
VISION
Alchemy envisions that backed by decentralization, smart contracts and consensus mechanism of blockchain, Alchemy would enable payment industry players to embrace the new era of payment technology by fully utilizing a series of open source protocols and open R&D platforms to improve the efficiency of cross-border payments; to provide merchants and customers with a faster, more secure, more convenient, and more flexible global payment solution.
Goal
The Goal of Alchemy is to design the payment protocol through community consensus, to build a decentralized, trust powered infrastructure, to expedite the penetration of cryptocurrency into our daily life; and most important to return the rights of payment to the merchants, the customers and the market
We've applied the following technology and measures to achieve decentralization:
Decentralization of currencies
Decentralization of Technical Infrastructure
Decentralization of Operational Mechanism
Problems
The Problems of Existing Electronic Payments The existing electronic payments are controlled by centralized industrial giants, causing numerous problems such as complicated and blurry rules, discretional rights, inefficient dispute management and high fees, etc.
The Ecosystem
Alchemy has an extensive online and offline ecosystem partner network covering payment companies, industry solution providers, developers, merchants, etc.
We work with our ecosystem partners to build and run our business model.
In what way does Alchemy’s payment system represent a tokenized ecosystem?
Based on the Alchemy payment consensus protocol (Alchemy), partners can offer merchants a cryptocurrency bill payment solution, including SDK, Plugin, API and / or Gateway (one-stop rapid access).
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 have 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.
- Alchemy Token
- ACH
- ACH Nodes and Node Benefit
The Use of ACH
ACH Token Allocation
2.5 billion ACH tokens will be released at the start and 1.8 billion will be locked. 5.1 billion ACH tokens will be distributed to participants through the growing network and transaction mining. 6% of the total no. of tokens are locked in Alchemy payment network as lubrication to ensure flowability.
The actual distribution is found below:
- Alchemy Team: 18%
- Private placement and IEO: 18%
- Ecosystem Incentives: 5%
- Consulting Fees: 2%
- Network mobility: 6%
- Mining (Payment rewards): 51%
6%: Network Mobility
2%: Consulting Fees
5%: Ecosystem Incentives
18%: Alchemy Team
51%: Mining (Payment Rewards)
18%: Private Placement & IEO
Distribution of Funds
R&D:
Security: 5%
Policy: 10%
Operation: 10%
Marketing: 10%
Alchemy Fund: 25%
Product Roadmap
Q1-Q3 2019
P1: Smart POS integration for accepting payments in cryptocurrency
P2: Payment acceptance on Lightning Network MVP
P3: PULLPAY MVP
S1: Offline payment acceptance solutions for cryptocurrency
S2: POC Merchant for offline payment acceptance
Q4 2019
Q4: Magento, WordPress, WooCommerce, Prestashop, Opencart, Zencart, etc. Shopping Cart Payment Plugin
P5: PULLPAY V0.5
Q6: Bitcoin P2P Purchase APP v0.5
S3: Merchant POC for online payment
S4: Online digital entertainment solutions v1.0 is released
Q1 2020
Q7: Alchemy Hub v0.5 is released (support Raiden Network and State Channel)
Q8: Alchemy Hub APP V0.5 is released (support Raiden Network and State Channel)
Q9: Bitcoin P2P Purchase APP v1.0
Q10: PULLPAY V0.8
C1: Community working group of Alchemy consensus protocol is establishedC2: Alchemy Consensus Protocol v0.5 is released
Q2 2020
Q11: Alchemy Hub v1.0 is released
Q12: Alchemy Hub APP v0.5 is released (support PULLPAY)
Q13: PULLPAY V1.0
S5: Online digital entertainment subscription PULLPAY solution
S6: POC Merchant for online digital entertainment subscription PULLPAY solution
Q3 2020
Q14: Alchemy Hub v1.5 is released
Q15: Alchemy Hub APP V1.5 is released
Q16: PULLPAY V1.5
S7: Multinational centralized payment acceptance solutions
Q4 2020
Q17: Alchemy Hub v2.0 is released
Q18: Alchemy Hub APP v2.0 is released
Q19: PULLPAY V2.0
S7: Alchemy Consensus Protocol v1.0 is released
Q1 2021
Cooperate with business development, continue to iterate related products, solutions and Alchemy Consensus Protocol
For more detailed information, see the link below:
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AUTHOR: Anakcikal
BITCOINTALK PROFILE: ( Anakcikal )
ETH:0xACE4b197bAEd4ABc6c12fD034BE655ed3141E1c6
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