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This Altcoin Announced Blockchain Plans: Token Price Skyrocketed!

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Alchemy Pay, one of the leading altcoin projects, announced plans to launch layer-1 Blockchain. Alchemy Pay said that users will have the option to pay gas fees with fiat or ACH token. Following this development, the ACH price made a vertical exit.

Alchemy Pay will launch the L1 network Alchemy Chain!

Crypto payment provider Alchemy Pay announced that it will launch a layer-1 Blockchain called Alchemy Chain The altcoin project stated that it plans to support the ‘growing needs’ of its business activities. Alchemy Pay said the Blockchain will be built using the Solana Virtual Machine (SVM) architecture. The company noted that this will enable interactions between off-chain storage and Blockchain-based transactions. In addition, the altcoin stated that its goal is to establish a system where ‘fiat currencies and cryptocurrencies coexist’.

Alchemy Chain will offer a highly scalable infrastructure designed to accommodate large-scale commercial applications, facilitating seamless interaction between on-chain operations and off-chain storage. Its architecture will provide flexibility and reliability as the altcoin Alchemy Pay user base continues to expand. Thus, it will process transactions quickly and efficiently. ACH will serve as Alchemy Chain’s utility token. It will also allow users to pay gas fees. In addition, Alchemy Chain will implement a stablecoin revenue mechanism to offer users the opportunity to easily generate revenue.

Altcoin price skyrocketed with the development!

ACH price saw a strong increase in a short period of time due to the Alchemy Chain news and the news that ‘ACH can pay network gas fees’. Token suddenly jumped to $ 0.01975 from the $ 0.018 level it was travelling during the day. Token then gave back some of its gains. ACH was changing hands at $ 0.0192 at the time of writing, up about 5% on a daily basis. Meanwhile, altcoin trading volume increased by a remarkable 116% in the same timeframe. This shows the interest of investors and traders in the token.

Altcoin
ACH daily price chart. Source: CoinMarketCap

Samsung Pay integrates Alchemy Pay

As you follow from Kriptokoin.com, Alchemy Pay signed an integration with Samsung Pay on 8 October. In this context, it updated its virtual card service. Samsung Pay is a popular payment method and digital wallet service of Samsung Electronics. With the new integration, crypto owners have the opportunity to spend their digital assets using Samsung Pay. An Alchemy Pay spokesperson said the company expects more demand from indirect users after the integration. A spokesperson for the altcoin project said, ‘We have a large number of business partners. So there will be more indirect users using our product through integration,’ the spokesperson said.


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This Altcoin Announced Blockchain Plans: Token Price Skyrocketed!
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