Hassan Maishera
The Alchemy Pay team announced via a blog post on Tuesday that it has expanded its payment functionality by integrating widely employed bank transfer systems, specifically the Automated Clearing House (ACH) network and Wire transfer, for US dollar transactions. This latest development allows users to acquire cryptocurrencies through these prevalent transfer methods, simplifying the process of crypto purchases and consequently leading to higher transaction success rates and reduced fees.
For US dollars, Alchemy Pay has extended its support to numerous mainstream payment methods and systems, which encompass Visa, Mastercard, Discover, Diners Club, Apple Pay, Google Pay, as well as the newly integrated ACH transfer and wire transfer options, the team added.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments in fiat, stablecoins and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down by 1% in the last 24 hours and currently trades at $0.01340.
