Alchemy Pay, a leading provider of fiat-to-crypto payment solutions, has recently obtained a money transmitter license (MTL) in Arizona. This achievement adds to the company's growing list of regulatory approvals across nine U.S. states and highlights its commitment to security, compliance, and financial transparency. Beyond the U.S., Alchemy Pay boasts an extensive global regulatory presence, including licenses and memberships in key jurisdictions such as the UK, Switzerland, South Korea, Australia, and Canada. With over three million users and eight million transactions processed globally by 2024, the company continues to innovate through services like On & Off-Ramp, Web3 Digital Bank, and NFT Checkout.

The company’s focus on regulatory compliance is evident in its efforts to secure necessary approvals in various jurisdictions. These include MTLs in nine U.S. states, an Authorised Payment Institution License in the UK, membership with the Swiss VQF, and recognition as a Money Service Business in Canada. Additionally, Alchemy Pay offers diverse services that cater to customers in 173 countries, emphasizing its commitment to providing secure and legally compliant platforms for digital asset transactions.

Achieving Regulatory Milestones in the U.S.

Alchemy Pay has demonstrated a strong commitment to regulatory compliance within the United States by securing MTLs in nine states, including Arizona. This strategic move allows the company to facilitate fiat-to-crypto and crypto-to-fiat transactions seamlessly. The acquisition of these licenses underscores the company's dedication to upholding the highest standards of security and transparency in the rapidly evolving digital asset industry.

By obtaining MTLs in states such as Arkansas, Iowa, Minnesota, and Wyoming, among others, Alchemy Pay ensures that its operations remain fully compliant with local regulations. This approach not only strengthens user trust but also positions the company as a leader in the fintech space. Furthermore, the ongoing applications in various jurisdictions reflect Alchemy Pay's proactive stance toward expanding its regulatory footprint. CMO Ailona Tsik emphasized that achieving these milestones aligns with the company's mission to provide a secure and compliant platform for its growing user base.

Global Expansion Through Diverse Licensing and Services

Beyond the U.S., Alchemy Pay has established a robust global presence by securing essential licenses and memberships in multiple regions. Key achievements include obtaining an Authorised Payment Institution License in the UK, becoming a member of the Swiss VQF, and registering for electronic and financial business in South Korea. These accomplishments highlight the company's ability to navigate complex international regulatory landscapes while maintaining high standards of operational integrity.

In addition to its licensing efforts, Alchemy Pay offers innovative services that cater to a wide range of customer needs. The Web3 Digital Bank provides multi-fiat accounts and instant conversion capabilities for businesses operating in the Web3 ecosystem. Meanwhile, the NFT Checkout feature enables direct purchases of non-fungible tokens using traditional fiat payments, bridging the gap between conventional finance and blockchain technology. With its network token, ACH, operating on the Ethereum blockchain, Alchemy Pay continues to push the boundaries of what is possible in the digital asset space. By serving customers in 173 countries, the company reinforces its position as a global leader in fintech innovation and compliance.