What is Alchemy Pay (ACH)?
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. ACH is the platform utility token and is used to incentivize the adoption of the platform and settlement of payments through cryptocurrencies. The platform also supports staking of ACH tokens – staking ACH provides users with tiered platform benefits such as airport lounge privileges, and memberships for Netflix and Spotify. Alchemy Pay bridges the gap between fiat and crypto through a hybrid model. It provides complete solutions to users for settlements and trade. Thus eliminating the friction to maintain a bank account for transfers. Using ACH token, users can pay fees, earn rewards, opt for settlements in any currency. On top of this, Alchemy Pay also enables quick access to DeFi protocols using fiat on the ramp. In this way, veterans, as well as newbies, can enter the crypto market with ease.
What is Immutable X (IMX)?
Immutable X is an L2 scaling solution for non-fungible tokens (NFTs) on Ethereum. IMX is its native governance token that can be staked to receive protocol revenue.
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