Dedication to Compliance: Alchemy Pay Expands into the U.S. with Iowa Licensing
Singapore-based crypto-fiat payment solution, Alchemy Pay, has announced its expansion into the U.S. market through the acquisition of a Money Services License in Iowa. This marks the company’s second compliant license in the United States and highlights its global payment capabilities and commitment to compliance.
Rapid Expansion and Global Partnerships
The acquisition of Iowa’s Money Services License is the latest development in Alchemy Pay’s rapid expansion. The company has already obtained licenses from the Central Bank of Indonesia and the recent money transmitter license in Arkansas. With partnerships with major companies like Shopify and Aldo, Alchemy Pay supports various payment mechanisms such as Visa, Mastercard, Google Pay, and Apple Pay.
Continued Growth in the U.S.
Alchemy Pay plans to further expand its presence in the U.S., with pending license applications in multiple states across the country. The company is also actively pursuing license applications in the UK and Hong Kong. With its focus on compliance and global market expansion, Alchemy Pay aims to strengthen its network coverage and enhance user experience.
Hot Take: Alchemy Pay’s Global Expansion Driven by Compliance Commitment
Singapore-based payment solution provider, Alchemy Pay, continues its global expansion with a strong focus on compliance. The acquisition of a Money Services License in Iowa reinforces Alchemy Pay’s commitment to regulatory requirements while expanding its reach in the United States. With licenses secured in multiple countries and partnerships with prominent companies, Alchemy Pay is establishing itself as a key player in the crypto-fiat payment industry. As it strives for licensing approvals in more states and regions around the world, Alchemy Pay aims to provide users with seamless payment experiences and expand its network coverage.
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