Alchemy Pay (ACH) announced on its official blog that it will support exchange and payments between the Australian dollar, the New Zealand dollar, and cryptocurrencies. The move expands ACH’s fiat-crypto on-ramps for residents of Australia and New Zealand.

Australian users can directly purchase cryptocurrency through fintech apps such as POLi and PayID. In New Zealand, users will be able to pay with cryptocurrency using the POLi app, according to ACH.

CoinMarketCap lists ACH at $0.02659, down 0.37%. The update provides market context as ACH expands fiat-on/off ramps in the region.

The expansion broadens ACH’s fiat-on/off ramps in the region, enabling smoother on-ramps for residents to move between the two fiat currencies and crypto via familiar rails. This aligns with ACH’s strategy to connect traditional fiat rails with digital assets in Oceania and to facilitate seamless crypto payments.

By leveraging POLi and PayID, ACH taps into familiar local rails to minimize onboarding friction. The expansion could help ACH gain traction as crypto adoption grows in Australia and New Zealand.

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