2 months ago
31
GlobalData
Wed, Apr 16, 2025, 3:07 AM 2 min read
Alchemy Pay, a supplier of fiat-crypto outgo solutions, has secured a wealth transmitter licence (MTL) from the Arizona Department of Insurance and Financial Institutions.
The MTL enables Alchemy Pay to behaviour fiat-to-crypto and crypto-to-fiat transactions wrong Arizona.
With this addition, Alchemy Pay present holds MTLs successful 9 US states, with ongoing applications successful assorted different jurisdictions.
The 9 states see Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, and Wyoming.
Alchemy Pay CMO Ailona Tsik said: “This regulatory accomplishment underscores our unwavering committedness to compliance, security, and fiscal transparency. As the integer plus manufacture matures, obtaining the indispensable regulatory approvals remains a apical precedence for us.
“We are dedicated to providing our users with a unafraid and legally compliant platform, and this latest milestone reinforces that commitment.”
The institution has been operational since 2017, facilitating fiat-to-crypto transactions globally.
As of 2024, Alchemy Pay has reached 3 cardinal registered users and has processed 8 cardinal transactions.
Alchemy Pay's regulatory achievements widen beyond the US.
The institution has secured an Authorised Payment Institution License successful the UK, rank with the Swiss VQF arsenic a Self-Regulatory Organisation, registration for Electronic and Financial Business successful South Korea, presumption arsenic a Digital Currency Exchange Provider nether AUSTRAC successful Australia, and designation arsenic a Money Service Business successful Canada.
The company's services, which see On & Off-Ramp, Web3 Digital Bank, and NFT Checkout, alteration it to cater to customers successful 173 countries.
The company's Web3 Digital Bank offers multi-fiat accounts and instant fiat-to-crypto conversion for Web3 businesses.
Its NFT Checkout diagnostic allows nonstop NFT purchases utilizing fiat payments. ACH, the web token, operates connected the Ethereum blockchain.
"Alchemy Pay receives wealth transmitter licence successful Arizona, US " was primitively created and published by Electronic Payments International, a GlobalData owned brand.
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