Alchemy - Global Cryptocurrency Payment Pioneer
Hello everyone, this new post that I want to introduce about the project. Alchemy is very interesting and good that is and for more details, let's go to the following discussion:
https://www.achpay.org/alchemy_english.html
When we talk of an electronic payment system, it’s basically a mechanism of carrying out transactions or paying for goods and services via an electronic medium without using a check or your local currency. I would like to introduce to you a platform that I came across just the other day which focuses on introducing blockchain technology into the online payment systems industry.As we all know, blockchain technology offers numerous benefits which all work in the favor of the end consumer. On blockchain technology powered platforms, the power is given back to the end user.The electronic payment system is a way of making transactions or paying for goods and services through an electronic medium without using a check or fiat, also called the online payment system. This is a form of payment which has grown in popularity among business owners for their customers. Over time, payment processing devices have been introduced in a bid to increase, improve, and offer secure electronic payment transactions.Owning a small business, I can totally relate to the convenience of electronic payment systems. Some of the benefits of this system include:
✅ Transactions are made in just a matter of minutes which makes it extremely efficient and effective, as I don’t have to waste my customers’ time
.✅ The entire transaction cost is greatly lowered, which means more customers for my business.
✅ Adding payments to my company’s website was simple, and it only took me a few minutes to start processing online payments.
✅ The security of electronic payment systems is relatively better compared to cash payments.As much as this form of payment is popular, I have come to see various issues that are affecting this entire space. I am talking about the fact that the electronic payment network has become a centralized giant. It has become a playground for the ‘giants’ to implement strict and complex rules and access mechanisms.The rate at which corruption is spreading on this network is alarming, which is resulting in these payment innovations being less efficient, complications in payment rates and extremely high risks. However, there has also been the development of the cryptocurrency ecosystem and various industries which thrive on the powerful blockchain technology.There may be a solution to these challenges that are plaguing the electronic payment network globally thanks to blockchain technology. I am all for the project that I am about to tell you about because it will undoubtedly improve the running of my small business.
There are some challenges with current electronic payment which I tend to face on an almost daily basis as a small business owner. Elimination of such issues will be possible with the implementation of a project such as Alchemy. Below are some of those problems:• The prices of transacting across borders are extremely high, and there is also a very high rate of inefficiency.• Trust is an issue of concern as it lacks completely in current electronic payment. It’s impossible to proceed with a large number of transactions due to a lack of trust between two parties.• The centralized giants in the electronic payment industry tend to come up with opaque rules for both the merchants and the consumers.• The issue of centralization consequently brings about a lack of privacy, and neither parties involved are assured of security.• Currently, processing of transactions through electronic payment systems is quite lengthy, and this causes disputes in some instances between my customers and me. This has happened to me on several occasions.• What follows is an extremely long and cumbersome process of trying to reconcile with the customer, which is not what any business owner out there wants for their customers. The process of clearing and settlement of such disputes is also frustrating.
CONCLUSION.
Alchemy is the solution to all of these problems with their state-of-the-art technological integrations which will bring the payment industry a new wave of development. This is a project which will help introduce the rest of the world to cryptocurrency. Blockchain is slowly but surely becoming a part of our daily lives and Alchemy is here to help that become a reality. The rights of payment need to be returned to the merchants, the customers, and the market. That is the power of decentralization!
TEAM
✅ Official site: https://www.achpay.org/alchemy_english.html
✅ Whitepaper: https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf
✅ Twitter: https://twitter.com/Alchemygps
✅ Facebook: https://www.facebook.com/AlchemyGPS/
✅ Telegram: https://t.me/alchemy_official
Author : ngkas.street
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2572352