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With this new blockchain, Alchemy Pay seeks to improve crypto payments through seamless interaction between on-chain and off-chain transactions, allowing businesses to easily operate in both crypto and fiat worlds. The post Alchemy Pay To Launch Scalable Layer-1 Blockchain for Payments appeared first on Cryptonews.
Crypto payment provider Alchemy Pay has announced its upcoming layer-1 blockchain, Alchemy Chain, a move aimed at streamlining fiat and cryptocurrency integration. Built on a Solana Virtual Machine (SVM) architecture, the new blockchain is expected to support Alchemy Pay's payment ecosystem by offering scalable infrastructure for high transaction volumes.
Cryptocurrency payments solution provider Alchemy Pay has introduced the launch plan for its Layer-1 blockchain. Alchemy Chain, announced Monday (Oct. 28), is built on a scalable Solana Virtual Machine (SVM) architecture and designed to support the growing needs of Alchemy Pay's business operations and integrate crypto and fiat payments.