Home Cryptocurrency Alchemy Pay Increased by 77%

Alchemy Pay Increased by 77%

Smart contracts have played a significant role in the evolution of cryptocurrency. Since the introduction of Bitcoin (BTC) in 2009, and over the last few years.

Alchemy Pay Increased by 77% iBase Trading.
iBase Trading Crypto News

Smart contracts have played a significant role in the evolution of cryptocurrency. Since the introduction of Bitcoin (BTC) in 2009, and over the last few years. They have played an increasingly important role specially on Alchemy Pay.

The technology is still in its early stages. And it will be some time before using it to make payments between individuals, businesses, and other individuals.

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Alchemy Pay hopes to increase the number of people who use cryptocurrency as a result of their hybrid payment system. A 77% increase in the price of its ACH token occurred over the past week. And that is reaching $0.0625 on February 9.

A provider of payment solutions, Alchemy Pay bridges the gap between the fiat and cryptocurrency worlds. Algorand tokens, such as the $ALGO, are now accepted in 65 countries as payment for goods and services.

Price Hike for Alchemy

The cross-chain debut of ACH on Binance Smart Chain (BSC), the addition of multiple new exchange listings have made it easier for users to buy ACH. Also, the integration of Alchemy Pay with numerous other blockchain projects has all contributed to the increase in the price of ACH.

Binance Launched Alchemy

The most significant development for the Alchemy Pay protocol was its inclusion in the Binance Smart Chain in late January, which was a significant step forward for it.

Cross-chain integration has also made it easier for people who use the ACH system. It will make cheaper transactions, which is beneficial. This has made it easier for people to invest in ACH by allowing BSC-based decentralized exchanges to list tokens. Such as PancakeSwap, which makes it more accessible.

Alchemy Pay has also partnered with Bit.Store to airdrop the project’s STORE token to members of the community in order to reward them for their contributions and encourage more collaborations.

Altcoin Prices Tend to Rise

Another factor that contributed to the increase in the price of ACH was listed on a number of exchanges. That includes Binance, on January 10.

MEXC Global and ONUS Finance, in addition to WazirX and CoinEx Global, were added to the list of cryptocurrency exchanges in the previous month. Another recently launched exchange is XT Exchange.

Integrations with the Crypto World

A third factor that contributed to the increased popularity of ACH was the integration of Alchemy Pay with a number of different blockchain networks. This should help to expedite the introduction of fiat payments.

Alchemy Pay incorporates with a number of networks and protocols since the middle of December. That includes IoTeX, Algorand, NIUM, MakerDAO, and SimpleHold.

“The views and opinions on this Crypto News Website are solely those of the authors and contributors. These views and opinions do not necessarily represent those of iBaseTrading or its partners.”

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Jane De Leon is a news writer covering all things related to DeFi and NFTs. In the past, she has worked for a well-known Business Newspaper. She originally began investing in Bitcoin after hearing about it from her brother and hasn’t looked back since.