- Alchemy Pay, a leading fiat-to-crypto payment network, has announced the successful acquisition of a Money Transfer License (MTL) in the U.S. state of New Hampshire.
- The company now has the authority to engage in activities such as selling or exporting payment instruments, storing value, and sending money elsewhere, following the regulatory rules in New Hampshire.
- Alchemy Pay revealed its intention to apply for Money Transfer Licenses in other states across the U.S. and expects to continue receiving these licenses in the near future.
Alchemy Pay, a prominent fiat-to-crypto payment network and altcoin project, has obtained a license for money transfer in the U.S. state of New Hampshire.
Alchemy Pay Secures License in New Hampshire
Alchemy Pay, a leading fiat-to-crypto payment network, has announced the successful acquisition of a Money Transfer License (MTL) in the U.S. state of New Hampshire. This achievement adds to its existing licenses in Arkansas and Iowa.
As part of its efforts to expand crypto payment services in the U.S., Alchemy Pay is actively seeking additional licenses and demonstrates its commitment to expertise in crypto payment transactions and expanding its presence nationwide.
[COINOTAG NEWS]
Alchemy Pay has received regulatory approval in the state of New Hampshire. $ACH
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— COINOTAG NEWS (@coinotagen) March 5, 2024
Following this license acquisition, the company is authorized to engage in activities such as selling or exporting payment instruments, storing value, and sending money elsewhere in compliance with regulatory rules in New Hampshire.
In recent months, the Alchemy Pay team has achieved significant milestones by obtaining compliant licenses nationwide in the U.S., including a Money Transfer License in Arkansas and a Money Services Business License in Iowa.
The endeavor to secure global compliance licenses has been a crucial strategic priority for Alchemy Pay, providing a robust foundation for enhancing payment capabilities. Alchemy Pay also stated that it has applied for Money Transfer Licenses in other U.S. states and anticipates continuing to receive these licenses in the near future.
Alchemy Pay unveiled its 2024 roadmap on March 3, outlining strategies such as On & Off-Ramp services, Crypto Card Solutions, the launch of a new Web3 digital banking product, and efforts to obtain regulatory licenses worldwide.
The Money Transfer License obtained in New Hampshire represents the initial step in this roadmap, reflecting the team’s proactive approach and determination to overcome compliance and licensing challenges. These licenses are crucial for Alchemy Pay to offer secure and reliable services globally, achieving its goal of providing comprehensive global and local payment coverage to users worldwide.
Other Achievements by Alchemy Pay
Alchemy Pay has reached significant milestones in obtaining licenses in various countries, including the U.S., Lithuania, Indonesia, and Canada. With determination, Alchemy Pay continues to apply for licenses globally, including API licenses in the United Kingdom, MTL licenses in various U.S. states, MSO licenses in Hong Kong, VASP licenses in Korea, DCEP licenses in Australia, and DPT licenses in Singapore.
As a pioneer in crypto payment services, Alchemy Pay is committed to uniting fiat and crypto economies globally, expanding its business to the highest regulatory standards, and providing comprehensive coverage for global and local payments worldwide.
