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MoonPay Expands Services in Wisconsin Following License Acquisition

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by Giorgi Kostiuk

2 hours ago


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.

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