Alchemy Pay (ACH) Listed as Visa’s Official Service Provider; Shibarium Announces Beta Testnet Launch

Daily Top Mover — Alchemy Pay (ACH)

U.S. stock futures were down slightly overnight as investors eye more earning releases in the coming week. Meanwhile, the broader cryptocurrency market sees a minor pullback in the wake of a strong rebound over the past few days. The top mover for today, ACH, which registered a 24-hour return of 45.78% as of the time of writing, has outperformed the broader market, as Visa lists Alchemy Pay as an official service provider.

ACH is the native token of Alchemy Pay’s Ethereum-based network. Alchemy Pay offers crypto on-ramp and off-ramp services to merchants and consumers. With a network of 70 countries and 300 fiat channels, Alchemy Pay helps merchants convert cryptocurrencies to fiat in order to reduce volatility risks.

The recent outperformance comes as Visa lists Alchemy Pay as an official service provider under Visa’s Third Party Agent Program. Being added to the program represents Alchemy Pay has passed due diligence performed by Visa and is able to service 3.9 billion Visa cardholders worldwide. As merchants are required to hold ACH to use Alchemy Pay’s services, the market anticipates more merchants joining Alchemy Pay’s network, sending tailwinds to the native token. 

Check Out the Latest Prices, Charts, and Data for ACH/USDT!

Talk of the Town

On Jan 16, 2022, Shiba Inu developers unveiled the long-anticipated Layer 2 blockchain, Shibarium. The beta testnet is set to launch in the coming weeks and aims to provide the community with a good understanding of the key concepts as well as a glimpse into the functions of the introductory Shibarium Beta. With an emphasis on improved user experience, Shibarium’s aim extends beyond lower costs and high speeds. Shibariums hopes to provide extensive functionality for users to eventually “build their vision on the blockchain”.

Check out what else is buzzing in the crypto scene today:

3AC founders are launching a new exchange and seeking $25 million in funding. (Link)

A central Ukrainian commercial bank announced that it had successfully conducted a pilot using the Stellar network. (Link)

Socios.com offers token holders chances to win balls used in football matches. (Link)