Alchemy Pay Takes a Significant Leap
In a move that’d make any crypto enthusiast do a happy dance, Alchemy Pay is expanding its global footprint after bagging a coveted Money Transmitter License in Arkansas! Announced on September 20, this news is like finding that one last piece of pizza at a party; it’s perfect timing.
The License Lowdown
Approved by the Arkansas Securities Department, Alchemy Pay’s shiny new license allows them to:
- Sell or issue payment instruments
- Provide stored value and prepaid access
- Receive money, digital currencies, or monetary value for transmission
This license, issued on September 13, marks a pivotal moment as it’s Alchemy Pay’s first MTL in the U.S.- the firm has officially joined the ranks of cryptocurrency titans.
Joining the Crypto Squad
With this license in hand, Alchemy Pay joins an exclusive club, an elite squad of crypto businesses like Coinbase and Jack Dorsey’s Block, who have been given the green light for crypto-to-fiat transactions.
A Stepping Stone Towards Broader Horizons
But wait, there’s more! Alchemy Pay isn’t just stopping in Arkansas. They are hot on the trail to securing more licenses in various U.S. states. Talk about ambition!
Global Mission and Future Prospects
Robert McCracken, the ecosystem lead at Alchemy Pay, expressed confidence about their roadmap ahead, stating, “With a strong dedication to compliance, we’ve put in the elbow grease to secure licenses worldwide.” The company is on a mission to bridge the gap between fiat and cryptocurrencies, paving the way for smoother transactions in 173 countries, including Canada, India, and the UAE.
Recent Accomplishments
Just to show how hot Alchemy Pay is right now, they recently became a compliant service provider in Mastercard’s Site Data Protection program back in June 2023, and earlier in January, they were recognized as an official service provider by Visa. Talk about a winning streak!
