Alchemy Pay scores money transmitter license in Arkansas.
Its payment platform is available in 173 countries worldwide.
The cryptocurrency
payment gateway Alchemy Pay is making strides in its global expansion strategy
following the acquisition of a major payment license in the United States.
Inaugural
U.S. Money Transmitter License for Alchemy Pay
The
company has successfully secured a money transmitter license in the state of
Arkansas, as announced by Alchemy Pay on September 20.
This
license, granted by the Arkansas Securities Department, authorizes Alchemy Pay
to offer a range of financial services, including the sale or issuance of
payment instruments, stored value, and prepaid access, as well as the receipt of
money, digital currency, or monetary value for transmission.
The
spokesperson for Alchemy Pay noted that this Arkansas license, issued on
September 13, is a historic milestone as it marks the company's "very
first" money transmitter license in the United States.
By
obtaining the money transmitter license, Alchemy Pay joins the ranks of several
other cryptocurrency firms authorized to facilitate crypto-to-fiat transactions
in Arkansas. These firms include well-known names, such as Coinbase, Block
(founded by Jack Dorsey), MoonPay, the bitFlyer exchange, and others.
This
licensing achievement represents a significant step in Alchemy Pay's ongoing
efforts to secure regulatory approvals in crucial global markets. The company
has also obtained licenses in other operating markets, such as Indonesia and
Lithuania.
“With
a strong dedication to compliance, our team had invested substantial time and
effort into securing licenses across various countries and regions,” Alchemy
Pay’s ecosystem lead Robert McCraken said, adding: “The
company now prepares to expand its presence, aims to expand its services to
users in the United States, and further contribute to our mission, bridging the
fiat and crypto global economies.”
The
platform is currently available in 173 countries, including regions like
Australia, Canada, Hong Kong, the United Arab Emirates, India, and more.
This
development comes on the heels of Alchemy Pay's inclusion as one of the
compliant service providers within Mastercard's Site Data Protection program in June 2023.
Prior to that, Alchemy Pay received official recognition as a service provider
by Visa in January 2023.
With
its expanding regulatory approvals and strategic partnerships with major
payment giants, Alchemy Pay is well-positioned to further strengthen its
presence in the global cryptocurrency payment landscape, offering
enhanced accessibility and convenience to users seeking to transact between
traditional and digital currencies.
The cryptocurrency
payment gateway Alchemy Pay is making strides in its global expansion strategy
following the acquisition of a major payment license in the United States.
Inaugural
U.S. Money Transmitter License for Alchemy Pay
The
company has successfully secured a money transmitter license in the state of
Arkansas, as announced by Alchemy Pay on September 20.
This
license, granted by the Arkansas Securities Department, authorizes Alchemy Pay
to offer a range of financial services, including the sale or issuance of
payment instruments, stored value, and prepaid access, as well as the receipt of
money, digital currency, or monetary value for transmission.
The
spokesperson for Alchemy Pay noted that this Arkansas license, issued on
September 13, is a historic milestone as it marks the company's "very
first" money transmitter license in the United States.
By
obtaining the money transmitter license, Alchemy Pay joins the ranks of several
other cryptocurrency firms authorized to facilitate crypto-to-fiat transactions
in Arkansas. These firms include well-known names, such as Coinbase, Block
(founded by Jack Dorsey), MoonPay, the bitFlyer exchange, and others.
This
licensing achievement represents a significant step in Alchemy Pay's ongoing
efforts to secure regulatory approvals in crucial global markets. The company
has also obtained licenses in other operating markets, such as Indonesia and
Lithuania.
“With
a strong dedication to compliance, our team had invested substantial time and
effort into securing licenses across various countries and regions,” Alchemy
Pay’s ecosystem lead Robert McCraken said, adding: “The
company now prepares to expand its presence, aims to expand its services to
users in the United States, and further contribute to our mission, bridging the
fiat and crypto global economies.”
The
platform is currently available in 173 countries, including regions like
Australia, Canada, Hong Kong, the United Arab Emirates, India, and more.
This
development comes on the heels of Alchemy Pay's inclusion as one of the
compliant service providers within Mastercard's Site Data Protection program in June 2023.
Prior to that, Alchemy Pay received official recognition as a service provider
by Visa in January 2023.
With
its expanding regulatory approvals and strategic partnerships with major
payment giants, Alchemy Pay is well-positioned to further strengthen its
presence in the global cryptocurrency payment landscape, offering
enhanced accessibility and convenience to users seeking to transact between
traditional and digital currencies.
AMF Warns French Investors about Bybit Crypto Exchange
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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See you there!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa