What is ACH?

ACH stands for Automated Clearing House, a U.S. financial network used for electronic payments and money transfers. Also known as “direct payments,” ACH payments are a way to transfer money from one bank account to another without using paper checks, credit card networks, wire transfers, or cash.

You are probably already familiar with ACH payments, even though you might not be aware of the jargon. If you pay your bills electronically (instead of writing a check or entering a credit card number) or receive direct deposit from your employer, the ACH network is probably at work.

What is Web3 and how do I use it to purchase tokens?

Web3 is a decentralized (not tied to a specific bank or financial institution) technology which allows you to pay for your investment through your digital wallet.  Utilizing Web3 technology, you will be able to purchase USDC in your wallet via the Avalanche blockchain and pay for your investment in just a few clicks!

To purchase your interest in a RegCF offering using Web3, you are interacting with an audited smart contract that allows you to atomically swap your USDC for Tokens that will represent an interest in your investment once the issuer has finalized the investment.

1. You create the transaction for an amount of USDC to purchase an an amount of Tokens
2. You sign that transaction
3. The Smart Contract removes the USDC from your wallet and adds the Tokens to your wallet
4. The transaction is complete

The difference?

An ACH transaction “pulls” money from your bank account to pay for your investment. These transactions can take up to 24 hours and generally do not process on weekends and banking holidays.    

With Web3 payment technology, investors utilize the Avalanche platform to sign smart contracts on the blockchain using their wallet addresses instead of traditional physical signatures, Investors will additionally have the option to hold tokens in their MetaMask wallet. Efficient and transparent!

USD Coin (USDC) is a tokenized U.S. dollar pegged 1:1 to the value of one U.S. dollar managed by Centre Consortium, that is fully backed by U.S. dollar assets, reserve assets are held in segregated accounts with regulated U.S. financial institutions, and the accounting firm Grant Thornton oversees these segregated accounts and provides monthly attestation reports.