Highlights of Alchemy

As the economy of the world is gradually changing along with the dawn of the technologically advanced system, the exchange of products and currency transactions has increased simultaneously. At the beginning of the economy, there was an exchange of goods, and as it was not convenient, different valuables came into as a form of exchange. Gradual development of the civilization and economy structure we have come to the fiat money, which is used as a legal tender of transaction. With the rapid change in technology, there will be another evolution in the fiat currency, which will make the payment scheme changed drastically. The emergence of blockchain technology has created the cryptocurrency, which is going to be next generation fiat money in the transaction, and Alchemyis going to make the first-ever payment mechanism for such cryptocurrencies making payment system border-less and fast.

The Alchemy is the global pioneering cryptocurrency payment solution which is aiming to revolutionize the concept of payment mechanism. It is going to lead the world of cryptocurrency payment, and this payment solution and technology will be served primarily in the region of Asia pacific. The offline and online merchants will be powered with convenient, fast, and secured cross-breed crypto-fiat payment mechanisms and solutions.

The AlchemyPayment mechanism:
The payment mechanism for online will have three easy steps. The first one is that the customer will check out his shopping cart. Then he will have to choose a cryptocurrency with which the payment will be made. After that, like any other payment mechanism, the customer has to scan QR code and will make payment from the crypto wallet.

In the case of the offline payment mechanism, there are also three steps. At first, the cashier will have to key-in the transaction value in the hybrid app on POS or on a smart mobile phone. Then the customer will make the cryptocurrency choice. And just like the online mechanism, he has to scan the QR code and make payment with the crypto wallet.
For the merchants, Alchemy will provide them a cross-breed payment solution that will ensure both online and offline payment, which will be accepted by the business through fiat money and cryptocurrency. It will make the payment easy, effortless, secured, and convenient with zero risk of settlement.

For the acquirer, the Alchemy will offer a payment solution that will help the clients to accept fiat and cryptocurrencies with competitive and on-time settlement. It is a pioneering solution that will help to expand the merchant network for them.

To reduce the obstacles of a payment mechanism, Alchemy also aims to work the individual and enterprises. Taking the challenge to create an effortless payment mechanism, which is the high demand for the present world economy, Alchemywill be continuously developing in the field of payment mechanism.

The key features of the product include a whole package of offline and online payment mechanism, which is also a payment solution, including cross-border and cross-chain transactions. The payment solution can be scaled accordingly, and it is a fast and secure payment mechanism. To mitigate the risk of scam and fraud, machine learning and artificial intelligence will be incorporated. The whole operation of the mechanism will have a self-governing community ecosystem. There will also be incentives to increase activities and reliability in using the Alchemy payment platform. The Alchemy project also aims to make a flexible payment mechanism according to the need of the industries.

The technical features include some important points in developing the project. As it is a pioneering crypto payment mechanism, they will deploy a consensus protocol on different public blockchain so that they can accept any cryptocurrency. To keep up with the subscription-based and frequent payment requests, the (https://www.achpay.org/alchemy_english.html)will have flexible payment mechanisms available according to the industry need. The Alchemy project will also have scaling solutions, for example, Raiden network, Lightening network, State channel network along with cross-chain payments. The most important thing about different payment mechanisms is to ensure it is risk-free and fraud-free. To avoid the devaluation or depreciation risk of the cryptocurrencies, the Alchemy will have different dynamic strategies to follow. To reduce the fraud in the payment system, the use of advanced technology, machine learning, and artificial intelligence will give them a head start in the new era of the payment industry.