News14 September 2021

ACH, Alchemy Pay’s Token to Launch on ForTube DeFi Platform on Sept 14

ACH, Alchemy Pay’s Token to Launch on ForTube

Summary

  • Alchemy Pay partners with ForTube
  • Alchemy Pay partners with Binance
  • ACH deposits possible on ForTube from 15th Sept 2020

Alchemy Pay is entering into a partnership with ForTube, a DeFi multichain lending protocol. This partnership will facilitate the lending and borrowing of Alchemy Pay’s token-ACH. This partnership will drive the adoption and expansion of Alchemy Pays’ hybrid fiat-crypto payment system.

"Lending protocols like ForTube play an extremely important role in crypto liquidity because liquidity is what makes transactions on networks viable. ForTube helps to support the utility function of ACH," says John Tan, CEO of Alchemy Pay.

Fortune currently supports four major blockchains: Polygon, Ethereum, OEC and BSC. They had a recent upgrade to version 3.5 after being audited successfully by Peckshield. The upgrade has improved their user interface and optimized the algorithm flow.

Recently, Alchemy Pay also partnered with Binance. Tan continues, "ForTube's success on the Binance BSC network is further proof that it can provide low cost, extremely fast transactions."

Alchemy Pay provides merchants with crypto-fiat payment systems so that they don’t need additional software and hardware for accepting crypto transactions. From September 15th 2021 at 2pm (Singapore Time), ACH deposits will be acceptable on ForTube. This is will possible via the Ethereum Mainnet to access for YouTubes lending, borrowing and interest-earning functions. This includes the earning for ForTube’s FOR token as interest on ACH deposits and ACH token as interest on FOR deposits.

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