Alchemy

Alchemy is the World's Cryptocurrency Payment.

Before the introduction of blockchain technology, businesses around the world had faced many problems such as slow processing, late payment, high processing fees, and more. But the use of blockchain technology in this era has solved their problems from the previous system through reducing processing and payment costs, fast and safe transactions and more.

People believe that the introduction of blockchain technology was primarily designed for the purpose of crypto-currency known as bitcoin but surprisingly, blockchain technology has gone beyond crypto-currency only because businesses in the world have begun to explore this technology.

To increase payments, transactions and global exchanges, ALCHEMY has launched a new blockchain-based platform designed to solve all problems that arise through payments and transactions. I believe there have been several other blockchain global payment platforms before the launch of ALCHEMY but the reality is that none of these platforms is able to solve problems in the industry.

ALCHEMY's blockchain-based payment platform is designed to support domestic and cross-border real-time payments at lower costs. Some global payment platforms are designed to allow the use of only crypto currencies for global and financial payments, this option restricts users to things and transactions that can be done on the platform. But the introduction of ALCHEMY will allow the use of CRYPTO and FIAT in its system for payment of goods and services globally.

Alchemy is a leading cryptocurrency payment solution and technology provider in Asia Pacific that provides online and offline merchants with a fast, safe 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 ecosystem 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 eco-partners in mobile payment applications, the team is confident to lead the payment industry payment technology in the blockchain era and to use solutions where traditional payments are popular with merchants.

The goal of Alchemy is to plan payment protocols through network agreements, to create a decentralized framework controlled by trust, to accelerate the infiltration of digital currencies into our daily lives; and especially to return payment rights to shippers, clients and the market.

One of the most important problems of the customary payment system is that the legitimate FIAT monetary standard is an elite alternative to exchange. At this point it is possible for joint organizations to take control of clearing and settlement forms.

As a decentralized open biological system, the Alchemy payment system provides access to a variety of resources that can be sold, including but not limited to different cryptographic forms of money, tokens, credit payments and the needs of specialist credit organizations, various types of computer resources, and monetary standards fiat; ultimately opening alternatives to exchanges and not holding them to one type of cash. We accept clients and dealers who have the privilege to choose which cash will be used for payments and payments.

We have implemented the following technology and steps to achieve decentralization:

• Decentralized currencies
• Decentralized Technical Infrastructure
• Decentralization of Operational Mechanisms

Problem
Existing Electronic Payment Issues Existing electronic payments are controlled by centralized industry giants, causing many problems such as complicated and opaque rules, discretionary rights, inefficient and high-cost dispute management, etc.

The traditional electronic payment ecosystem involves too many intermediary links and there are many problems. for example:

• Cross-border transactions are expensive and inefficient
• Expense item
• A large number of transactions cannot proceed because there is no trust between the two parties, and the centralized giant does not provide collateral services and payment channels
• Opaque access rules for traders / consumers
• Serious security and privacy issues
• Long process of transaction disputes
• Complex reconciliation, settlement and clearing processes

Overall, existing blockchain payment issues can be roughly classified into the following categories:

• Lack of basic payment functions for large scale commercial applications
• Lack of operational support systems needed by commercial applications
• Blockchain technology infrastructure issues

The Alchemy payment network solution for transnational centralized collection payment scenarios is:

• To facilitate this need, transnational companies open an Alchemical Hierarchy account. The accounts are then organized according to the company's hierarchical architecture. The accounts of each level support sub accounts of various types (which are determined according to the needs of accounting subjects), for example to support the "parallel payment-collection" model (which is usually used in financial management of a group) then separate accounts for collection and payment can arranged for companies at every level.
• The account hierarchy supports a hierarchical authorization management model through which higher-level account managers can then assign permissions to lower-level account managers. For example, account permissions are limited to collection rather than payments, or to make limited payments for designated accounts.
• When accounts at all levels of the account hierarchy enable proactive collection permissions, accounts at higher levels can regularly carry out automatic collection to account for lower levels within a valid period. This explains how asset concentration is automatically achieved in a multi-level system.
  Comparison of existing blockchain platforms
  Payment is one of the popular application areas of the blockchain, and many innovative projects have emerged.

They can be roughly divided into the following categories:

X-border remittances by working with traditional financial institutions: Ripple, Stellar; • Wallet issuers: Circle, Bitpay;

• Daily micro payment provider: Request, Nano;
• Cryptocurrency acquirer aggregators: Coingate, Coinpayment, Pundix;
• Decentralized ecosystems for crypto currencies: COTI, Graft;
• Payment solution that focuses on unique use cases: Pumapay, uTrust

Technology Benefits

• The alchemy payment consensus protocol can be used on various public blockchain, for example, Bitcoin, Ethereum, Stellar, EOS, Vite, etc., And at the same time, integrating Layer 2 payment solutions including Lightning Network, Raiden Network and Country Channel Network.
• Alchemy provides offline cryptocurrecline receiving solutions through smart POS and mobile devices,
• online cryptocurrency payment gateway, and
• fast access to various applications for online APIs, SDKs and mainstream plugins, for example, wordpress, magento, zencart, etc.
• Pioneering the PULLPAY protocol in the payment industry: Supports the blockchain to re-authorize two payment methods - PULLPAY and the PULLPAY express network - to meet the needs of various scenarios in online and offline subscription.
• Offering payment and settlement solutions from crypto to fiat and from fiat to crypto.
• Provides integrated solutions for the State Channel Network.

The table below refers to a comparison between Alchemy Vs Existing Blockchain Payment Platform. Alchemy focuses on providing payment protocols and an open source development platform that enables payment companies to adopt them with faster and more affordable services.

TOKEN DETAILS
Total Supply => 10,000,000,000

TOKEN DISTRIBUTION

• 51% allocated to mining
• 18% allocated to the team
• 18% was allocated for Private Placements and IEO
• 6% Allocated for Network Mobility
• 5% Allocated for Ecosystem Incentives
• 2% allocated for consultation fees

FUND DISTRIBUTION

• 40% allocated for R&D
• 25% allocated for ACHPAY Funds
• 10% Allocated to Law and Compliance
• 10% Allocated for Operations and Support
• 10% allocated for marketing
• 5% allocated for cyber security

ROADMAP

CONCLUSION.
Alchemy is the solution to all these problems with the integration of advanced technology that will bring the payment industry a new wave of development. This is a project that will help introduce other world digital currencies to cryptocurrency. Blockchain is slowly but surely becoming a part of our daily lives and Alchemy is here to help it come true. Payment rights must be returned to traders, customers and markets. That is the power of decentralization!

FOR MORE INFORMATION, VISIT THE LINKS I HAVE GOTTED BELOW;

• WEBSITE: https://www.achpay.org/alchemy_english.html
• WHITEPAPER: https://www.achpay.org/static/files/V3.8_WPE_Alchemy_20190906.pdf
• TELEGRAM: https://t.me/alchemy_official
• MEDIUM: https://medium.com/@alchemyGPS

Author

• Name: jambrong58
• LinkProfile: https://bitcointalk.org/index.php?action=profile;u=2433948
• ETH ADDRESS: 0xDcd52C1785473153329CBe9Ceb1b198885048274
• CONTACT EMAIL: loockup54@gmail.com
• Telegram: @loockup54