• Ticker: ACH
• Network: Ethereum
• Category: Payments, Infrastructure, Hybrid Finance (Hybrid Fi)

About ACH

The ACH token is the native utility token of the Alchemy Pay ecosystem, a pioneering hybrid payment gateway that seamlessly connects crypto and fiat. As an ERC-20 token on Ethereum, ACH supports transaction fees, staking, and reward mechanisms that sustain the Alchemy Pay network. When a customer pays with bitcoin, for example, Alchemy Pay processes the transaction, uses Chainlink data to determine the exchange rate, and settles the payment in local currency for the merchant, making crypto instantly usable for real-world payments.

Key points

• Hybrid Payment System: Operational in over 70 countries and connected to more than 2 million merchants through partnerships with companies like Shopify, Visa, and Mastercard.
• Real-Time Conversion: The system uses oracle technology to ensure accurate, real-time conversion of crypto payments into local fiat for merchants at the point of sale.
• Partner Pledging: Partners (such as crypto exchanges or payment companies) must hold or pledge ACH tokens to access Alchemy Pay's services. This provides tangible value to the token and promotes honest behavior on the network.
• Ecosystem Rewards: ACH is used to reward users for various activities, including making payments, referrals, and engaging in DeFi services within the ecosystem.

FAQs

• What is ACH used for?

ACH is the core utility that powers the ecosystem. It is used in three main ways:

1. Pledging: Businesses and partners lock up ACH to access network services.
2. Transaction Fees: You can use ACH to pay network fees, often receiving fee discounts.
3. Governance: ACH holders have voting rights on governance proposals, giving you a say in the platform's future development and policies.

• How does ACH work?

As an ERC-20 token on Ethereum, ACH serves as the backbone for a system that instantly handles the complex exchange between fiat and crypto. When a customer pays with Bitcoin, for example, the ACH-powered gateway processes the payment, uses Chainlink data to find the exact exchange rate, and settles the payment in local currency for the merchant, making crypto instantly usable in the real world.

• How can I buy ACH on Bitso?

1. Log in to your Bitso account or sign up if you don’t have one.
2. Go to “Buy/Sell” and select ACH as the token you want to purchase.
3. Choose any available fiat currency (MXN, ARS, BRL, COP, or USD) as your base.
4. Enter the amount, review the details, and confirm your transaction.

You can track the token’s performance directly in the app.

Tokenomics

The ACH tokenomics model is built to ensure a balanced ecosystem where the token's value is correlated with network growth. Its maximum supply is capped at 10 billion tokens. A significant portion of the token supply is allocated as Transaction Rewards and for DeFi Transaction Rewards (40% and 11% respectively), creating strong incentives for continued network usage and adoption by both users and merchants.

Example use case

Imagine you want to buy a new pair of shoes online from a major retailer that accepts Alchemy Pay. You pay using your Bitcoin balance, but the retailer only accepts local currency. The Alchemy Pay system uses ACH to process the transaction, instantly converting your Bitcoin into the local fiat currency for the merchant. As a bonus, because you used the system, you may also earn ACH tokens as a reward, putting you closer to a fee discount or governance participation.

Disclaimer

This Help Center article is for informational purposes only and does not constitute investment advice. Please conduct your own research (DYOR) and assess your risk tolerance before trading. As always, invest responsibly and stay informed.