Alchemy Pay Releases April Report, Confirming the Acquisition of an Arizona Money Transmitter License

Alchemy Pay has released its April report, confirming the acquisition of an Arizona Money Transmitter License that enlarges its regulatory presence in the United States.

Alchemy Pay, a leading cryptocurrency payment gateway, has acquired an Arizona Money Transmitter License, expanding its regulatory footprint in the United States. The company also outlined its strategic vision for 2025, which will see Alchemy Chain playing an increasingly important role in its operations.

The new license from the Arizona Department of Banking and Finance permits Alchemy Pay to transmit money in the state, a crucial addition to its existing licenses in the European Economic Area (EEA) and Singapore. This recognition underscores Alchemy Pay's commitment to operating in a compliant manner in key global markets.

“We are pleased to have obtained the Arizona Money Transmitter License, which is a testament to Alchemy Pay's dedication to adhering to the highest regulatory standards,” said Jenson, CEO and founder of Alchemy Pay. "This license will allow us to further expand our business operations and provide our customers with the best possible service."

Alchemy Pay's presence in the U.S. is set to grow further with planned applications for additional state-level licenses in 2024. This expansion will be pivotal in supporting the company's long-term vision for broader crypto adoption and Web3 integration.

In other news, Alchemy Pay has begun rolling out its new on and off ramp solution for token issuers and platforms, aiming to simplify the process of converting fiat currency to cryptocurrency. This integration will offer users seamless access to various crypto tokens, expanding their investment and spending options.

Moreover, Alchemy Pay's NFT checkout solution is now available for merchants via plugin or API integration, enabling them to accept crypto payments for NFTs with ease.

Alchemy Pay's mission is to create a world where crypto is used everywhere for payments. The company's vision is to become the leading crypto payment gateway in the world, providing businesses and consumers with the best possible service.

Alchemy Pay's solutions are used by some of the world's largest crypto platforms, including Binance Pay, Solana Pay and Crypto.com Pay, as well as e-commerce merchants in 70+ countries. The company is also a founding member of the Web3 Payment Network, a consortium of leading crypto and Web3 companies that are working together to advance the adoption of crypto payments.

"We are excited to continue expanding our business and technology to meet the evolving needs of our customers and the broader crypto ecosystem," added Jenson. "We believe that Alchemy Pay is well-positioned for continued success in the years to come."

With its commitment to compliance, technological innovation, and customer service, Alchemy Pay is poised to play a key role in shaping the future of cryptocurrency payments.

Stay tuned for more updates from Alchemy Pay as the company continues to grow and expand its operations.

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Read More: Alchemy Pay Reports April Activities: Arizona License, Strategic 2025 Vision, and New Solutions