Alchemy Pay (ACH) is an Ethereum-based ERC-20 token used in the Alchemy Pay ecosystem, a hybrid crypto and fiat payment gateway. The platform integrates with mainstream systems to facilitate transactions with a mix of cryptocurrency and fiat payments. ACH is used for transaction fees, staking, rewards, and as a payment option. Alchemy Pay was co-founded by John Tan and Molly Zheng, combining expertise in payment systems and blockchain.