MoonPay has received a Money Transmitter License from the Wisconsin Department of Financial Institutions, enabling the company to expand its services in the state.
Money Transmitter License in Wisconsin
The license allows Wisconsin residents to use MoonPay Balance to deposit funds for fee-free purchases, excluding ecosystem and network fees. Wisconsin is the 46th state where the company has obtained the necessary approval.
MoonPay’s Latest Ventures
Recently, MoonPay acquired Iron, a stablecoin infrastructure startup, to expand its enterprise payment solutions. In January, MoonPay purchased Helio for $175 million to enhance its crypto payment solutions.
Statements from MoonPay Representatives
MoonPay co-founder and CEO Ivan Soto-Wright stated: "With this license, we reinforce our commitment to compliance and consumer-first innovation."
The licensing is a significant step for MoonPay in expanding its services and strengthening its position as a regulated platform in the market.
