A New Way to Make Payments Using Alchemy

Planet earth is growing rapidly by the day and making progress in the technology sphere. One would think that there's nothing more to invent. Everything now seems easy. Looking back at the way our forefathers used to live 200 years ago, you would agree with the fact that we are living more better than them. We have better road communication, better living advantage, better-processed food, etc. The truth is that our generational age is better, and yet, this is just the beginning! The way we get things done is bound to change as we age productively. With the financial technology market growing rapidly and generously over the years, problems are inevitable.

New technology solutions are now coming into place to put the old traditional technology out of business. The mouth-watering solutions offered by these new technologies are highly patronized by people; it is the new deal!

A Renaissance In Transactions

There is now a Renaissance in the way people perform transactions. There's a better way to carry out transactions rather than using cash. Read on and find out.
One of the many platforms that give you the opportunity to make payments in a more modern, cheaper, and instant way is called Alchemy, what is Alchemy?
Alchemy is a leading global cryptocurrency technology and payment solution pioneer in the Asia Pacific, which powers offline and online merchants with secure, fast, and stressless hybrid crypto-fiat payment solutions and systems.

Alchemy offers you hybrid payment solutions that give you access to accept crypto and fiat in a fast and secure way. Note: Alchemy will pay you in your local fiat money with no commission risk.
You can also be an Alchemy merchant partner. Alchemy would offer you hybrid payment solutions suitable for your customers. Using Alchemy would give merchants the ability to allow their clients to accept cryptocurrency and fiat payments.

How Do Alchemy works?

Pay online with these simple steps:

1. Customer checks out their shopping cart
2. Select your preferred crypto choice
3. Scan the QR code & pay with your crypto wallet

Pay offline with these simple steps.

1. The cashier key in the transaction value in the hybrid app on a mobile device and POS
2. Select your preferred crypto choice
3. Scan the QR code & pay with your crypto wallet

Challenges When Performing Payment Traditionally

The current electronic problems that are encountered can be burdensome and tiring because the available electronic payment options are expensive and time-consuming.

1. Transactions outside the country's border are expensive: when sending money to other countries, fees required are mostly high. These fees are charged by different remittance agencies.
2. A large number of transactions can't be confirmed because both parties do not trust each other.
3. The main centralized giant does not provide adequate security for services rendered.
4. The disputes during transactions take too much time.
5. Security and privacy problems.
6. The local traditional way of performing transaction involves so many links which creates problems.
7. Local payment fees cost much: when paying for items bought locally via the traditional way, they tend to charge you 30-50%.

The traditional method used to perform transactions has been unreliable, time-consuming, and of course, expensive. Urgent replacements of firms that would bring about a change in this space are needed.

Features of Alchemy

1. Online Payment Option & Offline Payment Option:
Alchemy has a suitable option that is required by different payments method. Perform your transaction online.
Alchemy has a suitable option that you would need when performing a transaction offline.

2. Fast & Secure Transaction with Scaling Solutions:
Alchemy gives the advantage to make transactions cheaper and secure, using the best scaling solutions available. Alchemy uses scaling solutions like Raiden network, Lightning network, State channel network, and Cross-chain payments, and others.

3. Machine Learning & Al to Lessen Fraud Risk:
Machine learning technology & Al is implemented for the utmost experience. This technology provides Alchemy systems with the ability to learn and improve from experience gotten without being specifically programmed

4. Self-Community Governing Ecosystem:
Infrastructure is put in place to govern the ecosystem automatically.

5. Incentives Which Promotes Loyalty:
This promotes and encourages activities inside the Alchemy ecosystem.

6. Payment models available to support industry wants.
Various payment models are put in place to aid the global industry's needs further.

Alchemy is the new modern way to live, get things done rapidly with fast and instant payment options using Blockchain technology.