The Alchemy Pay team announced via a Medium post on Sunday that it has partnered with CNHC, the world’s largest CNH (Offshore Chinese Yuan) stable currency ecosystem. Thanks to this partnership, CNHC will become a part of Alchemy Pay’s ecosystem and leverage its on and off-ramp solutions to enable users to buy or sell CNHC using various global fiat currencies. CNHC also will be listed on Alchemy Pay’s ramp, which provides support to add payment scenarios and facilitate seamless transfer of CNHC between the traditional finance and crypto world.
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 up by 2% in the last 24 hours and currently trades at $0.04032.