Alchemy Pay sees gains after launch on BSC and crypto exchanges

January was a busy month for ACH with seven crypto exchanges listing the token

The logo of the cryptocurrency Alchemy Pay on a smartphone and in the background, navy blue with white                                 
The price rise has come since the launch on 30 January 2022 – Photo: Alamy
                                

The cryptocurrency Alchemy Pay (ACH) has witnessed a 41% increase over the past seven days following its cross-channel launch on Binance Smart Chain (BSC) and being listed on numerous crypto exchanges.

ACH is now priced at $0.05168, and according to CoinMarketCap the crypto is described as “the pioneer of the world’s first payment gateway solution to bridge the gap between fiat and crypto economies”.   

Alchemy Pay is the first network to attempt to bridge cryptos and fiat. Alchemy Pay aims to make paying with crypto and fiat a matter of choice for the customer. It does this by establishing payment systems which allow people to choose one or the other.

On 30 January 2022, ACH announced it was launching on the BSC. This allows for cheaper transactions on ACH and increases the pool of available ACH investors through the listing of cryptos on BSC-based decentralised exchanges like PancakeSwap.

Several exchanges have listed ACH

Another factor which has helped to boost ACH’s price is the numerous exchanges that now list the crypto. Binance, currently the world’s largest cryptocurrency exchange by trading volume, announced it would list ACH and Immutable X (IMX) on 10 January.

Other crypto exchanges to announce the listing of ACH in January were WazirX, CoinEx Global, MEXC Global, ONUS Finance, Tokocrypto and XT Exchange.

Crypto integration

A further development that fed into ACH’s rise in value is the integration of ACH with multiple blockchain networks, which should help accelerate a bridging of the gap between fiat and crypto economies.

The blockchain networks that integrated with ACH since December 2021 were IoTeX, Avalanche, Polygon, Algorand, NIUM, MakerDAO and SimpleHold.

When the Alchemy Pay crypto token originally came onto the open market in September 2020, it was worth about $0.02.

Further reading

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