Alchemy Pay has proudly announcing the attainment of its Money Services License in the United States, specifically in the State of Iowa.
The attainment of the Iowa license reinforces Alchemy Pay’s capabilities and marks a significant stride in its global market expansion efforts, and comes on the heels of its prior acquisition of a Money Transmitter License (MTL) in the state of Arkansas.
By acquiring these licenses Alchemy Pay is set to bolster its market presence and regulatory compliance. It aligns the company with established industry players like Coinbase, Elon Musk’s X, and MoonPay, and enhances its payment capabilities and strengthening its foothold in the highly competitive payment sector.
The Money Transmitter License holds immense significance in the US payment landscape, ensuring a secure and reliable payment ecosystem for both consumers and businesses. Alchemy Pay’s dedication to obtaining and maintaining such licenses reflects its commitment to delivering secure payment services globally.
Alchemy Pay’s success extends beyond the US market, having secured licensing achievements in Lithuania, Indonesia, and Canada, across four continents.
Acknowledgment by major payment giants Visa and Mastercard has further solidified its credibility as an authorised third-party service provider. The company remains proactive in advancing its license applications in the UK and Hong Kong, demonstrating a commitment to its global expansion strategy.
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