The arrangement is expected to generate more demand for the ACH token and investors anticipate the crypto’s price to appreciate. Alchemy's crypto price has also got a boost from the Coinbase effect after securing a listing on the highly reputed exchange.
What are the best payment-focused Cryptos?
You might already know about Ripple and Stellar Lumens as payment-focused cryptos. Alchemy Pay is another one. The platform enables merchants to accept a variety of cryptocurrencies as payment in addition to fiat money. Its partners include e-commerce platform provider Shopify. Alchemy's services are paid for using the ACH token.
Is alchemy the future of the Internet?
Less than four months after its last funding round, San Francisco-based Alchemy raised another $200 million investment led by Lightspeed and Silver Lake. It comes amid a wave of venture capital interest in crypto, as investors look for winners in what some describe as the future of the internet.
Why are Jane Street group & Jump crypto cutting back?
Two prominent market-making firms Jane Street Group and Jump Crypto are cutting back their digital asset trading activities in the US due to heightened regulatory pressure. Bitcoin Price Prediction: What Can We Expect from the Imminent CPI Report?
