30s Summary

Crypto payment firm Alchemy Pay is developing a blockchain called Alchemy Chain to conjoin regular and cryptocurrencies. The company intends to design the blockchain using Solana Virtual Machine technology. The Alchemy Chain will allow clients to make payments through its cryptocurrency, ACH, or regular currencies. Alchemy Pay also expressed intentions to assist meme coin initiatives with specific tools. Additionally, by integrating Alchemy Pay into Samsung’s digital wallet service, the firm expects to attract more users indirectly via its business partners.

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Alchemy Pay, a crypto payment company, has revealed plans to launch its own blockchain called Alchemy Chain. This new feature aims to support the firm’s expanding business needs. The blockchain will be created using a tech called Solana Virtual Machine (SVM), which lets offline storage and blockchain transactions talk to each other.

Alchemy Pay’s big dream is to set up a system where regular currencies and cryptocurrencies easily coexist without any issues. The company is focusing on serving large businesses and plans to add features for account mapping and data syncing in the future.

What’s cool about Alchemy Chain is that you can use their own crypto token, ACH, to pay for transactions. But, if you’re not big on crypto, you can still use your regular money. Plus, the company is offering a way to make steady profits with stablecoins.

In another fun turn, Alchemy Pay is hopping on the meme coin bandwagon. They’re coming up with tools specially designed to help support meme coin projects. This includes a meme launchpad for creating and launching meme projects and a Telegram bot for developers to play around with.

Recently, Alchemy Pay made it possible to spend your crypto through Samsung Pay, a popular payment and digital wallet service by Samsung. After this integration, the company expects more folks will start using their services indirectly through their business partners.

Source: Cointelegraph