TechFlow, Nov. 11 — According to Cointelegraph, Transak has obtained Money Transmitter Licenses (MTL) in Iowa, Kansas, Michigan, South Carolina, Vermont, and Pennsylvania, increasing its total number of U.S. state licenses to 11. These licenses allow the company to legally process stablecoin transactions, transfer funds, and conduct direct fiat-to-crypto conversions with users.
Transak currently has license applications pending in 19 states and aims to achieve coverage across all 50 U.S. states within the next 12 to 18 months. The company recently launched wire transfer functionality and plans to introduce ACH payments to improve bank transfer efficiency for U.S. users.
Add to Favorites
Share to Social Media
