Comparison of Existing Blockchain

Payment is one of the popular application areas in the blockchain era, and many innovative projects have emerged. They can be roughly divided into the following categories:

  • X-border remittance by working with traditional financial institutions: Ripple, Stellar;
  • Wallet issuers: Circle, Bitpay;
  • Providers for daily micropayments: Request, Nano;
  • Cryptocurrency acquiring aggregators: Coingate, Coinpayments,
  • Decentralization ecosystem for crypto currencies: COTI, Graft;
  • Payment solutions focusing on unique use cases: Pumapay, uTrust

In order to be widely applied, payment platforms using blockchain technology must exceed the efficiency, comprehensiveness and levels of quality as compared with the multibillion dollar competitors in terms of user experiences, customer cases and operational support. With that said, it is difficult for existing blockchain payment products to meet this kind of commercial requirement because of their varied value propositions.

The table below refers to the comparisons between Alchemy vs Existing Blockchain Payment Platforms. Alchemy focuses on providing payment protocols and open source development platforms that enable payment companies to adopt it with faster and reasonably priced services.

Bridging The Fiat and Crypto Global Economies

Bridging The Fiat and Crypto Global Economies