Alchemy Pay has announced a significant update via a blog post on Monday, revealing that users can now connect their exchange and brokerage accounts, including Coinbase, Kraken, and Robinhood, to pay for orders using their crypto balances. This development aims to streamline the payment process for cryptocurrency holders, potentially increasing the utility of digital assets in everyday transactions.

However, the broader market sentiment remains cautious. Regulatory scrutiny continues to intensify globally, with governments and financial authorities imposing stricter controls on cryptocurrency transactions. This regulatory pressure could dampen the growth and adoption of such payment solutions, posing challenges for companies like Alchemy Pay in maintaining user trust and compliance.