Alchemy Pay, a crypto payment provider, has announced plans to introduce a layer-1 blockchain, Alchemy Chain, to meet its expanding business needs. Built on Solana Virtual Machine (SVM) architecture, the blockchain aims to support interactions between off-chain storage and blockchain transactions.
The company intends to create a seamless system where both fiat and cryptocurrencies can work together smoothly. Alchemy Pay also plans to support large-scale business operations by integrating layer-2 solutions to manage account mapping and data syncing.
Gas Fees in Fiat or ACH Token
Alchemy Pay revealed that its ACH token will be the primary utility token for the new blockchain, which can be used to pay for gas fees. However, users will also have the option to cover gas fees directly with fiat, allowing for easy conversion of on-chain earnings into fiat.
Additionally, Alchemy Pay intends to provide users with stablecoin revenue opportunities, with options to earn yield on holdings. They are also branching into memecoins by offering tools to support new meme–based projects, including a meme launchpad and a dedicated Telegram bot for project interaction.
Summary Review: Alchemy Pay is set to launch Alchemy Chain, a layer-1 blockchain that enables users to pay gas fees with either fiat or the ACH token. Built on Solana’s architecture, the platform will support seamless crypto–fiat interactions and provide tools for memecoin projects.
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