Alchemy Pay Secures Delaware Money Transmission License

The payment platform expands its regulated fiat-to-crypto operations across the United States, now licensed in 15 states including Arizona, Iowa, and Wyoming.

Summary

Alchemy Pay has obtained a money transmission license in Delaware, allowing further expansion of its fiat-to-crypto payment services in the United States. According to the company’s official announcement, it now holds licenses in 15 states such as Arizona, Iowa, and Wyoming. This move strengthens the firm’s compliance framework and enables broader integration of cryptocurrency payments within regulated financial systems.

Terms & Concepts
  • Money Transmission License: A regulatory authorization that allows companies to legally transfer or exchange funds, including crypto-to-fiat transactions, within a state.
  • Fiat-to-Crypto Payment: A payment method enabling users to convert traditional currencies, such as U.S. dollars, into cryptocurrencies for digital transactions.
  • Alchemy Pay: A global payment platform that bridges fiat and cryptocurrency transactions for merchants and consumers.