Popular crypto payment platform, Alchemy Pay has just received new licensing in four states in the USA. Notedly, the platform obtained a Money Transmitter License (MTL) in the states of Oklahoma, Wyoming, Minnesota and Oregon.
Accordingly, this new licensing gives Alchemy authority to provide money transmitter services in these 4 states. This is in addition to 4 other states where it already operates: Arkansas, New Mexico, New Hampshire and Iowa.
As a result, Alchemy Pay now provides its services to a total of eight US states, as highlighted by the Nationwide MultiState Licensing System and Registry (NMLSR).
Alchemy Pay Committed to Seamless Crypto Services for US Users
With the new MTLs, Alchemy Pay can now provide seamless crypto payment services for users in these US states. Notably, this will enhance users’ transactions between different cryptocurrencies and fiat currency.
Per a press release on November 8, the platform highlighted that “This development aligns with Alchemy Pay’s dedication to setting high standards for compliant growth in Web3 — a landscape now seen as especially promising under the recent pro-crypto sentiment in the U.S. market.”
According to Romeo Luo, Chief Revenue Officer at Alchemy Pay, speaking in the press release, “Securing MTL licenses in Minnesota, Oklahoma, Oregon, and Wyoming strengthens our foothold in the U.S. market, where the crypto economy is poised for tremendous potential. We’re proud to be setting high standards in the evolving Web3 landscape, especially in the U.S., a market with vast opportunities for growth.”
Meanwhile, the new MTLs denote Alchemy Pay’s compliance to regulatory guidelines for money transmitter providers. Alchemy Pay continues to build its presence significantly in the US and other regions worldwide.
As stated by the platform, “The acquisition of these MTLs underscores Alchemy Pay’s commitment to a secure, accessible, trustworthy and scalable crypto payment ecosystem that thrives in both the U.S. and the global market.”