Alchemy Pay reveals plans to launch layer-1 blockchain
Alchemy Pay said that users would have the option to pay their gas fees with fiat or its native ACH token.
Crypto payment provider Alchemy Pay announced that it would launch a layer-1 blockchain called Alchemy Chain to support the “growing needs” of its business operations.
In an announcement, Alchemy Pay said the blockchain will be built using a Solana Virtual Machine (SVM) architecture. The company said it would enable interactions between offchain storage and blockchain-based transactions.
In addition, the firm said that its goal is to establish a system where “fiat currencies and cryptocurrencies coexist without friction.”
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Author: Ezra Reguerra
