#AlchemyPay #CryptoPayments #Blockchain #FinancialLicense #IowaLicense #PaymentGateway #CryptoOnRamp #MoneyTransmitterLicense
The Singapore-based crypto on-ramp and payment gateway, Alchemy Pay, recently made strides in the United States by securing a money services license from the state of Iowa. This significant achievement comes shortly after the acquisition of a money transmitter license (MTL) in Arkansas. These licensing successes underline Alchemy Pay’s robust dedication to legislative compliance and demonstrate its mission to enhance user experience while widening network coverage.
With both licenses in its possession, Alchemy Pay proudly shares a platform with significant players in U.S. crypto markets like Coinbase, X (formerly Twitter), and Moonpay. Robert McCracken, the ecosystem lead at Alchemy Pay, expressed that these acquisitions underscore Alchemy Pay’s expanding global payment capabilities and unwavering commitment to legal compliance. The firm continues to secure licenses in various global regions, strengthening its network coverage while endeavoring to enhance user experience. Additional to its recent U.S. licenses, Alchemy Pay is also in the process of completing applications for MTL licenses in several other states, with outcomes projected for the next few months. Beyond the US, Alchemy Pay has had similar successful license acquisitions in Lithuania, Indonesia, and Canada. The firm also expressed its plan to secure licenses in the United Kingdom and Hong Kong, thus extending its credibility into the traditional payment sector.
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