Electronic payment means paying for goods or services on the internet. It includes all financial operations using electronic devices, such as computers, smartphones or tablets.
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E-payments come with various methods, like credit or debit card payments or bank transfers.
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This method of payment came into existence as the was a need for a faster and efficient way of making payment.
But over the years the reliability of the electronic payment systems as a form of payment diminished, this is due to flaws of the system. This flaws includes; adoption of a strict and unfavorable rules, centralization of operations, unfavorable dispute settlement, high cost of transaction (both national and cross border transaction) etc.
These flaws altogether has really put a hold on the existing electronic payment system and has raised concern on the mind of every payment industry player.
Blockchain technology is a superior technology with unique features such as security and privacy of information, transparency, decentralization, scalability etc. These features has made the blockchain technology stand out among technology.
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It is regarded as a very vital tool for development in our world today and has made a very big differences in every sector or industry that has adopted it for use.
Talking about the payment industry, blockchain technology has really made a big difference in the industry. The open and transparent system, decentralization, security of information and other impervious features of the technology have brought about huge innovation opportunities determined to help revolutionize the payment industry thus allowing merchants and others who participate in the industry to enjoy transparent and convenient payment services and at a low cost.
I present to you ALCHEMY GLOBAL PAYMENT SOLUTION LIMITED.
A one stop solution for all payment issues.
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What is Alchemy ?
Alchemy is a blockchain based platform which aim at using the blockchain technology to provide merchants and it partners with quality, reliable and secured global payment solutions that is based on a highly consensus mechanism, decentralization and smart contract.
Alchemy hopes to encourage members of the payment industry to embrace the new era of blockchain based payment by utilizing a decentralized payment network, R&D platform and an open source protocol.
An overview of Alchemy
The benefit of alchemy are worthwhile, sustainable and reliable.
Alchemy ensures decentralization of its operations: Through the adoption of decentralized cryptocurrency wallets, various cryptocurrencies, tokens or coins alchemy aims to provide a decentralized payment network.
Alchemy also employs the use of decentralized technical structure and smart contract in it operation as it provide a decentralized exchange, decentralized dispute settlement etc thus restoring trust to the payment industry.
With alchemy, payment would be made much easier, Faster and convenient and also meet the greater need of business in terms of efficient payment.
Alchemy adopts complex transaction types, complex account structure, complex payment models and productive business flow for its payment services.
Digital credit scoring which has lo g history of maintaining trust, transparency and security is also being adopted by alchemy to maintain a healthy trustworthy and secured payment ecosystem.
Rules on alchemy are not made by the platform alone, the are made through consensus mechanism and governance mechanism which guarantees the interest of its user.
Operations done on alchemy platform are at a lower rate and with high efficiency, this is made possible with the aid of it blockchain features.
Alchemy can be used in different industries like the entertainment industry to enable user pay for games or for in-app purchase. It can also be used in multinational and national companies as it a guarantee low cost, convenient and fast internal and cross-border transactions. It unique payment system has made it acceptable on national companies.
It can be used to perform remittance, online and offline shopping and much more.Alchemy has gone into partnership with some exchange platform to enable it users exchange local currency easily and at a low cost.
Fiat currency can be used for payment on the platform, all that is needed is to exchange the fiat currency for cryptocurrency on the platform. The are list of various cryptocurrency to chose from on the platform.
ACH Token
ACH token is the token of the alchemy ecosystem. It is used to facilitate smooth running of operations on the platform.
With the ACH token, it owners can participate in onchain governance activities of the platform like reaching a consensus etc
Alchemy gives token bonus to those who make use of the platform for payment. A portion of the commission is given to token owners.
Alchemy Team
Alchemy is operated by competent and trustworthy team who are determined to making it a success.
Click https://www.alchemytech.io/alchemy_english.html to know about our team
Conclusion
Alchemy with it rich experience in the payment industry, it competent team and the blockchain technology would provide payment services which would bring about a great revolution in the payment industry.
With alchemy payment would be much faster, secured, reliable, convenient and at a low cost.
To know more about Alchemy visit
Website: https://www.achpay.org
Whitepaper: https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf
Facebook: https://www.facebook.com/AlchemyGPS/
Twitter: https://twitter.com/Alchemygps
Telegram: https://t.me/alchemy_official
Medium: https://medium.com/@alchemyGPS
Author details
Bitcointalk profile name: Assam Kingsley
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2676658