Hassan Maishera
The Alchemy Pay team announced via a blog post on Tuesday that it is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3 businesses a compliant, easy, and reliable means to open and operate multi-fiat accounts, streamline cash flows within a single account, and facilitate seamless conversions between fiat and cryptocurrency.
Alchemy Pay added that this new initiative is inspired by Ripple's model for cross-border payments and addresses key challenges while introducing innovative solutions.
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 $0.03113.
