During the inaugural Blockchain Infrastructure Alliance (BIA) dinner event, Alchemy Pay CEO announced that they are working on virtual crypto-linked Visa cards.
On October 27th, Alchemy Pay, Polygon Network, Draper Dragon, NEAR Protocol, and Bit.Store co-hosted an event at the Waldorf Astoria in Shanghai.
Alchemy Pay CEO John Tan announced the virtual card while also highlighting the company’s accomplishments.
Virtual crypto-linked Visa cards from Alchemy Pay
The Alchemy Pay virtual crypto-linked Visa cards will be compatible with the majority of digital wallets, including PayPal and Google Pay, and will support more than 40 cryptocurrencies.
Alchemy Pay intends for the cards to be accepted by millions of merchants, including those on the Visa and Mastercard networks. The vehicles will also be available on eCommerce platforms such as Amazon and eBay.
Each virtual cardholder will be required to stake 360,000 ACH tokens, which will be redeemable when the card expires.
Alchemy Pay has signed six renowned NFT artists who will assist in designing the face of the virtual cards.
Other topics discussed at the BIA event
The dinner’s main goal was to commemorate the new alliance as Alchemy Pay and its partners work to advance the blockchain industry.
Hundreds of celebrities and blockchain industry leaders attended the event. Mastercard, Alipay, Binance, Tencent, OKEx, Huobi, NEO, and NEAR are among the companies represented.
Jon Tan gave the opening speech, during which he presented Alchemy Pay’s ecosystem and discussed the BIA’s outlook. He emphasized how Alchemy Pay’s network had grown over a two-year period.
Alchemy Pay currently boasts over 150 core nodes, which include DeFi protocols, crypto exchanges, banks, remittance partners, and merchant networks, among others.
Alchemy Pay’s business scope has also been expanded to include over 200 payment channels in over 60 countries around the world.
ACH, Alchemy Pay utility Token
The ACH token is currently available on the majority of the world’s most reputable cryptocurrency exchanges, including Coinbase, Huobi, POLONIEX, Gate.io, Uniswap, and Changelly.
As the Alchemy Pay community grows and the platform’s use cases expand, the value of ACH has increased by more than 150 percent.
Alchemy Pay’s ACH token and services are now available for use in everyday activities such as in-store shopping, grocery shopping, and hotel booking. Users can also conduct cryptocurrency transactions as well as DeFi investments via the platform and the ACH token.