Alchemy Pay

Purpose and Utility

Alchemy Pay (ACH) is a hybrid crypto-fiat payment gateway that bridges the gap between crypto and traditional finance. The platform enables merchants to accept both crypto and fiat payments while receiving settlements in their preferred currency. The ACH token serves as the native utility token powering transaction fees and rewards within the ecosystem.

Business Model Analysis

The business model centers on facilitating real-world crypto payments and providing payment infrastructure services. This aligns with halal principles as it involves legitimate exchange of value and services. The platform does not engage in interest-bearing activities or prohibited industries.

Real-World Adoption

Alchemy Pay has established partnerships with significant players including Binance, Shopify, and various payment processors across Asia. The network supports payments in over 70 countries and has integrated with major payment platforms like Visa and Mastercard.

Development Activity

The project maintains active development with regular updates to its payment infrastructure. The team consistently releases new features and integrations, demonstrating commitment to the project's core mission.

Token Distribution

The token distribution includes allocations for ecosystem development, team members, and partnerships. While early investors and team members hold significant portions, there are vesting schedules in place to prevent sudden selling pressure.

Revenue Model

The primary revenue streams come from transaction fees on payment processing, which represents a legitimate exchange of value for services rendered. This model aligns with Islamic principles as it involves actual service provision rather than interest-based income.