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Alchemy Pay Secures Money Transmission License in Iowa
Crypto-fiat payment gateway Alchemy Pay has acquired a money services license in Iowa as part of plans to expand extensively into the United States. The acquisition of a license is in compliance with local state laws that require any person or entity operating a money transmission or currency exchange business to acquire the license.
Speaking to Cointelegraph about the license, Alchemy Pay Ecosystem Lead touted the need for proper regulations, and confirmed Alchemy Pay’s efforts at compliance:
“We believe that a well-structured regulatory environment is essential for the sustainable growth and development of any industry, and that includes the fiat-crypto payment industry.”
Alchemy Pay is available in 173 countries and supports varying methods of payment, including Mastercard, Visa, domestic transfers, and regional mobile wallets. The exec expressed his belief in crypto payments, calling it a potentially “leadin
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