Alchemy Pay, a leading fiat-crypto payment solution provider, has acquired another Money Transmission License in New Mexico, United States. This acquisition, in addition to licenses in Arkansas, Iowa, and New Hampshire, showcases the company’s commitment to expanding its crypto payment business in the U.S. market. The license is crucial for ensuring the security and reliability of the payment system, providing protection for consumers and businesses.
The company’s goal is to acquire a total of 20 licenses globally, with plans to apply for licenses in Hong Kong, Australia, South Korea, Singapore, and Europe. Alchemy Pay’s focus on regulatory compliance is aimed at strengthening its presence in both existing and new markets, enabling the company to offer superior service and support for new ventures, such as the Web3 Digital Bank and updated Crypto Payment product.
Founded in Singapore in 2017, Alchemy Pay offers a range of payment solutions, including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments, and NFT Checkout. The company supports payments in 173 countries, with services tailored for businesses, developers, and end-users. Additionally, Alchemy Pay’s network token, ACH, operates on the Ethereum blockchain.
With licenses secured in countries like the UK, Lithuania, Indonesia, and Canada, as well as recognition from Visa and Mastercard, Alchemy Pay’s credibility extends into the traditional payment sector. The company continues to expand its presence globally, offering innovative solutions to facilitate the seamless integration of crypto and fiat currencies in the payment ecosystem.
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