Alchemy Pay strengthens its position in the US cryptocurrency service market by securing four new licenses in Wyoming, Oregon, Oklahoma, and Minnesota.
New Licenses for Alchemy Pay
On November 8th, Alchemy Pay confirmed the acquisition of money transmitter licenses in four new US states. According to Nationwide Multi-State Licensing System and Registry data, the company's total number of licenses in the USA now stands at eight, including prior approvals in Arkansas, Iowa, New Hampshire, and New Mexico.
Alchemy Pay Services in the USA
The new licenses allow Alchemy Pay to offer US dollar to cryptocurrency conversion services in eight states. With each new authorization, the company gradually implements its crypto solutions, beginning with on and off-ramp services.
Significance of Licenses for Alchemy Pay
As stated by Alchemy Pay's Chief Revenue Officer Romeo Luo, obtaining MTL licenses is a strategic goal given the tremendous potential of the US crypto market. The licensing process in the United States can take from a few months up to a year, depending on the review procedure.
With the new set of licenses in four US states, Alchemy Pay continues its strategic expansion, poised to strengthen its market presence with unique services and solutions for users.
