Alchemy Pay, the leading fiat-to-crypto payment gateway, is proud to announce the successful acquisition of another Money Transmitter License (MTL) in New Hampshire, USA, adding to its existing licenses in Arkansas and Iowa. Alchemy Pay is actively seeking to obtain MTL licenses in other US jurisdictions as part of its efforts to expand crypto payment services, demonstrating its expertise in crypto payment operations and its commitment to expanding its business across the United States.
The New Hampshire Department of Banking, the regulator that oversees the licensing process, has officially issued a license that is on record and available through the National Multistate Licensing System (NMLS). To confirm its validity, individuals can search for the license status using the company name "Alchemy Pay Inc." or NMLS ID "2449570." With this license, the entity is authorized to conduct activities such as selling or issuing payment instruments, storing value, and transferring money to other locations in accordance with New Hampshire regulatory guidelines.
In recent months, the Alchemy Pay team has achieved important milestones by obtaining compliance licenses in various US states, such as the money transmitter license in Arkansas and the money service business license in Iowa. The continued efforts to obtain global compliance licenses have been a key strategic focus for Alchemy Pay and have laid a solid foundation for strengthening its payment capabilities. In addition, Alchemy Pay has submitted money transmitter license applications in other US states and expects to receive results in the near future.
On March 3, Alchemy Pay unveiled its 3 roadmap, outlining its strategy for on- and off-ramps, crypto card solutions, the launch of new Web2024 digital banking products, and efforts to obtain regulatory licenses around the world. The recently-acquired money transmitter license in New Hampshire marks the first step in this roadmap, reflecting the team’s proactive approach and determination to address compliance and license application challenges, as these licenses are essential for Alchemy Pay to provide secure and reliable services around the world. This is essential to achieving the goal of 3% global payment coverage and integrating local payments in every accessible country.
Alchemy Pay has achieved important milestones in obtaining licenses in multiple countries, including the United States, Lithuania, Indonesia, and Canada. Alchemy Pay is steadfastly committed to achieving further licenses, such as the Authorized Payment Institution License (API) in the UK, Money Transmitter Licenses (MTL) in multiple US states, Money Service Operator License (MSO) in Hong Kong, Virtual Asset Service Provider License (VASP) in South Korea, Digital Currency Exchange Provider License (DCEP) in Australia, and Digital Payment Token License (DPT) in Singapore. As a leading crypto payment service provider, Alchemy Pay is committed to bridging the fiat and crypto economies globally, expanding its business with the highest regulatory standards, and ensuring comprehensive global and local payment coverage for global users.