Hassan Maishera
On Tuesday, the Alchemy Pay team announced via a blog post that it has successfully obtained a Money Transmitter License (MTL) in Arizona, the United States, issued by the Arizona Department of Insurance and Financial Institutions.
With the addition of Arizona, Alchemy Pay now holds Money Transmitter Licenses in nine U.S. states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, and Wyoming.
This Money Transmitter License enables Alchemy Pay to facilitate seamless and secure fiat-to-crypto and crypto-to-fiat transactions for users within Arizona, ensuring full compliance with the state’s financial regulations.
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 3% in the last 24 hours and trades at $0.02814.
