Alchemy Pay Receives Money Services License in Iowa
Singapore-based payment gateway Alchemy Pay has obtained a money services license from the U.S. state of Iowa. This license, along with the money transmitter license obtained from Arkansas, highlights Alchemy’s commitment to compliance. Alchemy Pay stated that these licenses place them among the prominent players in the U.S. crypto market, such as Coinbase and Moonpay.
License Acquisitions Demonstrate Compliance and User Experience Focus
Robert McCracken, the ecosystem lead at Alchemy, emphasized that the license acquisitions showcase the company’s dedication to compliance while enhancing the user experience. Alchemy Pay continues to obtain licenses in various countries to expand its global payment capabilities and network coverage.
Application Process for More Licenses Underway
In addition to the two obtained licenses, Alchemy Pay has also completed the application process for money transmitter licenses in other states. The company expects to receive outcomes for these applications in the coming months.
License Successes in Multiple Countries
Alchemy Pay has not only achieved license success in the United States but also in Lithuania, Indonesia, and Canada. Furthermore, the company plans to secure licenses in the United Kingdom and Hong Kong. These licenses reinforce Alchemy’s position in the crypto payment sector and establish its credibility in the traditional payment sector as well.
Hot Take: Alchemy Pay Expands Compliance Efforts and Industry Recognition
Singapore-based payment gateway Alchemy Pay has recently obtained a money services license from the U.S. state of Iowa, adding to its previous license acquisition in Arkansas. With these licenses, Alchemy Pay is now among the prominent players in the U.S. crypto market. The license acquisitions emphasize the company’s commitment to compliance and improving user experience. Alchemy Pay’s aim is to expand its global payment capabilities and network coverage by obtaining licenses in various countries. Additionally, the company has completed the application process for licenses in other states, and it has achieved license successes in several countries. These achievements solidify Alchemy Pay’s position in the crypto payment sector and enhance its credibility in the traditional payment sector as well.
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