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Alchemy Pay Obtains New Mexico Money Transmission License

Twitter icon  •  Published 12 hours ago  •  Hassan Maishera

On Tuesday, the Alchemy Pay team announced via a blog post that it had acquired another Money Transmission License in New Mexico, United States.

On Tuesday, the Alchemy Pay team announced via a blog post that it had acquired another Money Transmission License in New Mexico, United States. Due to the independent regulatory operations of the various states within the United States, Alchemy Pay is actively applying for Money Transmission Licenses (MTL) in additional states individually.

So far this year, Alchemy Pay has secured a Money Transmitter License in New Hampshire and an Authorized Payment Institution License in the UK. With these additions, Alchemy Pay now holds licenses in several countries, including the United States, the UK, Lithuania (Europe), Indonesia, and Canada.

Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is up 8% in the last 24 hours and trades at $0.02002.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.