Alchemy Pay, a company integrating fiat and crypto services, has received its tenth money transmitter license in the US, this time in South Carolina.
Alchemy Pay's Tenth License in the US
Alchemy Pay has been approved for a money transmitter license in South Carolina. This approval comes under the South Carolina Anti-Money Laundering Act and allows the company to broaden its regulated payment services in the southeastern United States.
Expansion of Partnership Opportunities
The new license indicates increased trust and the potential for institutional partnerships. Although specifics on financial support remain undisclosed, the enhanced regulatory clarity is expected to boost Alchemy Pay's presence in the US market.
US Expansion Strategy
Similar licenses obtained in states like Arkansas and Arizona have facilitated Alchemy Pay's growth across the US. These precedents suggest a consistent strategy toward expansion and reinforcing infrastructure in the fiat-crypto payment sector.
The receipt of the license in South Carolina reaffirms Alchemy Pay's strategy to expand in the US market and enhances trust in the company's services among users.
