Alchemy Pay has announced plans to launch a layer-1 blockchain named Alchemy Chain, designed to meet the growing needs of its business operations. The blockchain will utilize Solana Virtual Machine (SVM) architecture, enabling interactions between offchain storage and blockchain transactions. A key feature includes allowing users to pay gas fees with either the native ACH token or fiat currencies, facilitating seamless conversion. The company aims to create a frictionless ecosystem where fiat and cryptocurrencies can coexist, while also implementing mechanisms that allow users to earn yields on stablecoins. Additionally, Alchemy Pay is venturing into the memecoin space with tools for creating and launching memecoin projects. Their recent integration with Samsung Pay allows crypto holders to spend digital assets via the popular payment platform, expected to increase demand from indirect users through partnerships.

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