Ledger, a manufacturer of hardware wallets, has incorporated Alchemy Pay’s fiat-crypto payment system into its Ledger Live wallet application.
In a recent announcement, Ledger has confirmed that Alchemy Pay (ACH)’s on- and off-ramp capabilities are now integrated into the Ledger Live crypto wallet app. This enhancement simplifies the process for users looking to purchase and sell cryptocurrencies.
Ledger Live serves as the hardware wallet producer’s mobile and desktop application, enabling users to manage and utilize cryptocurrencies with a straightforward interface.
The addition of Alchemy Pay enables crypto asset purchases to reach users in 173 countries, with support for over 50 fiat currencies through its on- and off-ramp services. Alchemy Pay accepts all major payment methods, including credit cards, bank transfers, and mobile wallets, and has been operational since 2017, providing backing for both Visa and Mastercard.
In December 2024, Alchemy Pay revealed its intention to launch a layer-1 blockchain named Alchemy Chain, which will be built on the Solana (SOL) Virtual Machine.
Earlier in the year, Alchemy Pay achieved a notable milestone, gaining registration as a digital currency exchange provider. The company received approval from the Australian Transaction Reports and Analysis Centre in late January, allowing it to extend its fiat-to-crypto payment services to customers in Australia.
Growth efforts for Alchemy Pay have included expansion into the U.S. market, solidified through partnerships such as the one with Kraken.
Ledger’s wallet supports Bitcoin (BTC) along with more than 500 other cryptocurrencies and tokens. Besides storing crypto assets, Ledger Live also facilitates trading, spending, and managing non-fungible tokens, designed with a user-friendly interface to foster the adoption of cryptocurrencies.
In August 2024, Ledger announced a new integration with Revolut, which is set to allow users in select countries of the European Economic Area to easily purchase crypto through Ledger Live. The partnership enables EEA users to obtain cryptocurrencies with Visa or Mastercard as they transition into web3, as stated by the companies at that time.