Alchemy Pay, the world's leading fiat-cryptocurrency payment platform, has received an important payment license from the USA.
Quoting Cointelegraph's news, Alchemy Pay announced that it received a Money Transmission License in the US state of Arkansas.
#AlchemyPay is delighted to announce the acquisition of the Money Transmitter License in the state of Arkansas, United States. In the future, we intend to delve deeper into financial compliance and crypto payment solution, putting further effort and resources to these areas. $ACH https://t.co/jifHZBw4i4
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) September 21, 2023
This license, which Alchemy Pay received from the Arkansas Department of Securities, officially allows the platform to conduct transactions from cryptocurrency to fiat currency.
In addition, with this license received from the USA, Alchemy Pay has joined the platform such as Coinbase, Jack Dorsey's company Block and MoonPay.
While Alchemy Pay has expanded its presence in global markets with the license it received from the USA, it has recently received similar licenses from countries such as Indonesia and Lithuania.
Robert McCraken, one of Alchemy Pay executives, said the following on the subject:
“Our team has spent significant time and effort securing licenses in a variety of countries and regions with a strong commitment to compliance.
“The company is now preparing to expand its presence, aiming to expand its services to users in the United States and further contribute to our mission by bridging the fiat and crypto global economies.”
Alchemy Pay currently supports payments in a total of 173 countries such as Australia, Canada, Hong Kong, United Arab Emirates and India.
Following this news, the platform's token Alchemy Pay (ACH) experienced a 13% increase. However, ACH, which could not maintain this rise, gave back some of its gains.
ACH, which rose to $0.0164, is at $0.0156 at the time of writing.
*This is not investment advice.
