TechFlow reported, according to Cointelegraph, that Singapore-based crypto-fiat payment gateway Alchemy Pay has successfully obtained a money transmission license in the U.S. state of Iowa, further expanding its presence in the American market.
Previously, the company had already secured a money transmission license in Arkansas. Emphasizing adherence to regulatory frameworks in the U.S. crypto payments space, Alchemy Pay plans to apply for additional money transmission licenses across more U.S. states, while also considering licenses in the UK and Hong Kong.
Alchemy Pay currently operates in 173 countries, offering services through payment methods including Visa, Mastercard, mobile wallets, and domestic transfers. The company stated it will continue actively expanding its business while maintaining strict compliance with regulatory requirements.
