The payment industry has been experiencing a great level of inefficiency.
The online payment system was coined as a means to help ease the burden of stressful payment procedures and create the possibility of cross-border transactions.
Through the online payment system, merchants can carry out transactions and even make or receive payments, right at the comfort of their homes.
Well, that is the power of technology, as the advancement in technology brought about this great revolution.
But, overtime, the online payment system have been riddled with a great amount of efficiency, right at it's core.
The system which was created with the aim of helping it's users and making the payment for goods and services, seamless, has failed on that and has denied the global system of the opportunity of becoming financially free.
The current payment industry is governed by highly centralized bodies, which makes its use unproductive and a waste of time for users.
As a result of the central control, the payment system charges so high during transactions, especially when it comes to a cross-border transaction. After this high charge, the users will not have little or no fund left.
This is unfair to the users.
The current payment system is not transparent in its operations, as there are a lot of hidden charges which the users do not know about until it is taken.
This leads to the next problem…
Lack of trust. Due to this particular problem, expensive transactions is not carried out by merchants and the consumers, as the system itself, are unable to ensure efficiency.
Additionally, the electronic payment system is slow, when it comes to processing transactions, and transaction disputes in the system is given much regards.
Security is far fetched on the system, because there is a high tendency of the user's funds getting lost and their privacy intruded upon.
All these and a lot more has made the current payment system unfit for boosting the global financial system and improving the way things are done in the world.
It is high time we have an improved system, to facilitate a global economic growth.
Well, I have news for you…
ALCHEMY PLATFORM IS THE KEY TO DIGITAL PAYMENT
WHAT IS ALCHEMY PLATFORM?
ALCHEMY is known as the Alchemy Global Payment Solutions Limited.
It is a global decentralized platform, which makes use of the superior Blockchain and it's technologies, to achieve an efficient payment system.
Alchemy is a crypto-currency digital payment system that has been created to provide merchants with both online and offline payment gateway, globally.
One of the unique features of the Alchemy solution is that it helps the users diversify their portfolio and choose on whether to carry out transactions in fiats or cryptocurrency, as it supports the use of both currencies.
It has created a market, where merchants accept both crypto-currency and fiat during payment, and so makes it possible for you to pay with any currency of your choice, when transacting online or offline.
To make all these possible, the Alchemy platform will leverage the use of the Blockchain technology, smart contracts and other sophisticated technologies, to facilitate online payment, from and to anywhere in the world.
Since its development, the Blockchain technology has recorded a high rate of success, as every system which adopts it keeps blossoming.
Thanks to the Alchemy solution, that success has reached the Digital payment industry.
One might ask, "what makes the Alchemy platform unique and different from other platforms?"
The answer to that is very simple. Let's look at…
WHAT MAKES ALCHEMY UNIQUE
Alchemy has achieved the decentralization which is lacking in other platforms.
Now, with the combination of the blockchain and it's decentralized nature, all the flaws in the traditional payment system will be completely eliminated.
Now, the transactions fee is considerably very low and allows transactions to be made even cross-border or expensive transactions, without touching the user's funds.
Alchemy runs a fully lucid system, by making all its activities known to the users, with the help of the Blockchain and Smart contracts.
This is a total contrast of the traditional payment system.
Furthermore, total trust and security of operations is also ensured by the Alchemy platform, as it has put a lot of things in order to make it possible.
With its credit scoring, Alchemy access both the merchant and consumers, before any transaction is being made, and it has developed a fully decentralized risk management and anti-fraud system, to protect the entire users.
That's not all…
The processing speed in this hybrid system is marvelling, as all transactions are executed at a very high speed.
The users no longer have to wait an unnecessarily amount of time to carry out transactions.
These are just a piece of the cake, when it comes to the great things that Alchemy has in Stock for its users.
ACH TOKEN
ACH is the native currency of the Alchemy platform, created by the system as its recognizance accepted crypto-currency.
It is used to access the system and make payments.
Users are incentivizes on the platform, using the ACH token.
CONCLUSION
Alchemy is the revolution that the payment industry has waited for so long.
Now you can pay with both crypto-currency or fiat, when making purchases online or offline.
Alchemy operates at a very high speed with lots of benefits to its users.
If fully adopted, Alchemy platform is at the verge of taking the world system to a whole new level.
FOR MORE INFORMATION:
Website: https://www.Achpay.Org/alchemy_english.Html
Telegram: https://t.Me/alchemy_official
Whitepaper: https://www.Achpay.Org/static/files/V3.8_WP-E_Alchemy_20190906.Pdf
Medium: https://medium.Com/@alchemyGPS
Facebook: https://www.Fb.Com/AlchemyGPS/
Authors bitcointalk username: Moore234
Authors bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1755292;sa=summary