Alchemy Pay, a leading crypto payment gateway, has recently secured four new U.S. Money Transmitter Licenses (MTLs) in Minnesota, Oklahoma, Oregon, and Wyoming. This strategic move aligns with the company's mission to simplify transactions between fiat and cryptocurrencies, further strengthening its regulatory compliance and positioning it as a trusted partner for Web3 projects, exchanges, and wallets across the United States.

Unlocking the Crypto-Fiat Frontier: Alchemy Pay's Regulatory Expansion

Strengthening the U.S. Foothold

Alchemy Pay's acquisition of these new MTLs brings the total number of U.S. state licenses held by the company to eight. This expansion solidifies the company's presence in the American market, where the crypto economy is poised for significant growth. By adhering to the regulatory frameworks of each state, Alchemy Pay demonstrates its commitment to compliance and its ability to navigate the evolving landscape of digital finance.

Enabling Secure, Accessible, and Scalable Crypto Payments

The new MTLs empower Alchemy Pay to create a secure, accessible, and scalable crypto payment ecosystem that can operate successfully in both the U.S. and international markets. This aligns with the company's mission to bridge the gap between traditional fiat currencies and the burgeoning world of cryptocurrencies, providing a seamless and compliant platform for businesses and consumers alike.

Powering the Web3 Revolution

Alchemy Pay's expanding regulatory network positions the company as a strategic partner for Web3 projects, exchanges, and wallets throughout the United States. By ensuring compliance with state-level regulations, Alchemy Pay is poised to support the growth and adoption of decentralized technologies, enabling businesses and individuals to navigate the complexities of the crypto-fiat landscape with confidence.

A Global Footprint and Ambitious Expansion Plans

In addition to its growing U.S. presence, Alchemy Pay is registered as a money services business (MSB) in Canada and is actively pursuing additional licenses in key regions such as Hong Kong, Australia, South Korea, Singapore, and Europe. The company's goal is to secure a total of 20 new licenses globally, further solidifying its position as a leading player in the international crypto payment ecosystem.

A Comprehensive Suite of Crypto-Fiat Solutions

Alchemy Pay's suite of services includes On and Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments, and NFT Checkout, supporting payments in 173 countries. The company's Ramp solution provides a comprehensive platform for buying and selling crypto and fiat currencies, while its Crypto Card solution allows businesses and token issuers to offer branded virtual and physical cards for instant global spending.

Expanding Partnerships and Unlocking Growth Opportunities

In August 2022, Alchemy Pay announced an expanded partnership with Fintech Unlimit, leveraging Unlimit's payment method portfolio to boost growth in key markets like the EU, Southeast Asia, and Latin America. This collaboration further strengthens Alchemy Pay's ability to facilitate seamless transactions between the traditional financial system and the burgeoning crypto economy.Alchemy Pay's strategic regulatory expansion, comprehensive suite of solutions, and growing global partnerships position the company as a trailblazer in the crypto-fiat convergence, empowering businesses and individuals to navigate the digital finance landscape with confidence and ease.