Hardware wallet maker Ledger integrates Alchemy Pay's fiat-crypto payment solution

Hardware wallet maker Ledger has integrated Alchemy Pay's fiat-crypto payment solution into its Ledger Live wallet app.

Hardware wallet maker Ledger has integrated Alchemy Pay’s fiat-crypto payment solution into its Ledger Live wallet app, the company announced.

The integration of Alchemy Pay (ACH) brings crypto asset purchases to users across 173 countries, with on- and off-ramping available for more than 50 fiat currencies. Alchemy Pay supports all major payment methods, including credit cards, bank transfers, and mobile wallets. The payments gateway, founded in 2017, offers support for both Visa and Mastercard.

Subscribers to the Alchemy Pay service can buy cryptocurrencies such as Bitcoin, Ethereum, and stablecoins like Tether and USD Coin.

Alchemy Pay is also developing its own layer-1 blockchain, which is set to launch in December 2024. The Alchemy Chain will be built on Solana (SOL) Virtual Machine.

Earlier this year, Alchemy Pay, scored a significant milestone when it secured registration as a digital currency exchange provider. The company received approval from the Australian Transaction Reports and Analysis Centre in late January. AUSTRAC allowed Alchemy Pay to expand its fiat-to-crypto payment solution to customers in Australia.

Alchemy Pay’s growth has included expansion efforts in the U.S., with partnerships such as the one with Kraken cementing its traction in the market.

Ledger’s wallet offering provides support for Bitcoin (BTC) and more than 500 cryptocurrencies and tokens.

Other than the storage of crypto assets, other services include trading, spending and managing of non-fungible tokens. The company designed Ledger Live to offer a user-friendly interface to support adoption of cryptocurrencies.

In August 2024, Ledger announced a new integration with Revolut, with this set to allow wallet users in select European Economic Area countries easy access to crypto purchases via Ledger Live.

The integration with Revolut allowed users in the EEA to acquire crypto with Visa or Mastercard as they onboard to web3, the companies said at the time.