Alchemy Pay (ACH) Price



Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

Alchemy Pay is an open-source payment infrastructure designed to provide a gateway between the fiat and crypto economies. 

It aims to provide fast, secure, flexible and scalable payment solutions for fiat and cryptocurrencies based on smart contracts and consensus mechanisms of blockchain technology.

Alchemy Pay has a series of proprietary point of sale (POS) terminals capable of accepting crypto payments at brick-and-mortar retailers, including those who may lack internet connection. Payments made using cryptocurrency are instantly converted to the vendor’s local fiat.

All network transactions take place within the Merchant Node Network, a core infrastructure component operated by Alchemy Pay’s merchants and business partners. Merchants are required to pledge a given amount of ACH before joining the network.

Alchemy Pay seeks to become a leading global remittance network, the project’s whitepaper explained.

ACH is the platform's native utility token. Available as an ERC-20 or BEP-20 token, it provides access to the network and facilitates all activities plus confers voting rights. 

The ACH token launched in September 2020.

The project was founded in Singapore in 2018  by John Tan (CEO) and Shawn Shi (Chairman & Co-Founder).

Risks of ACH

Like an investment in other crypto assets, there are some general risks to investing in ACH. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in ACH is subject to the following specific risks:

  • The global remittance space faces intense competition. Any potential success associated with ACH depends on Alchemy Pay’s rate of adoption by merchants and card issuers worldwide. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with ACH. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The ACH community and its founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of ACH have no recourse to the ACH community, its founding team, or Uphold if ACH declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing ACH on the Uphold Platform, Uphold performed due diligence on ACH and determined that ACH is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of ACH, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of ACH.
  • Any marketing materials put forward by the ACH social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with ACH, including any code defects, security breaches and other threats concerning ACH and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with ACH, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ACH. 


Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 19, 2023.

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