Crypto payments provider Alchemy Pay is set to launch its own layer-1 blockchain called Alchemy Chain, built on the Solana Virtual Machine architecture. The blockchain will offer a payment system allowing users to transact with both fiat and crypto, and will integrate a layer-2 solution. Alchemy Chain plans to tap into the popularity of meme-based projects through a meme launchpad and Telegram bot. The announcement of the project has caused a significant spike in the price of Alchemy Pay's token, ACH. Other platforms, such as Coinbase, Chiliz, and Kraken, have also recently announced plans to launch their own layer-1 and layer-2 chains.
- Content Editor ( crypto.news )
- 2024-12-11
Alchemy Pay plans to launch its own layer-1 blockchain