Alchemy Pay Expands Services to the U.S. Market

The crypto-fiat payment services provider Alchemy Pay is expanding its presence in the U.S. after acquiring a money services license in the state of Iowa.

Azcnews Breaking

The Singapore-based cryptocurrency-fiat payment gateway, Alchemy Pay, has announced plans to further expand into the U.S. market on November 23rd by securing a money transmitter license in the state of Iowa.

Under Iowa regulations, any organization or individual engaging in foreign exchange transactions or money transfers in Iowa must hold this license.

Alchemy Pay

Previously, in September, Alchemy Pay also obtained a money transmitter license (MTL) in Arkansas. The company stated that it has completed MTL applications in several other states and is awaiting approval in the coming months.

Robert McCracken, head of Alchemy Pay’s ecosystem division, shared that in the U.S., Alchemy is focused on complying with currency regulations.

We believe that a well-structured legal environment is a necessary condition for all industries, including the cryptocurrency-fiat payment sector, to develop sustainably.

McCracken believes that the cryptocurrency payment sector has “huge potential” and could become one of the “leading fields in the future.” Currently, AlchemyPay operates in 173 countries through various payment methods such as Visa, Mastercard, regional mobile wallets, and domestic transfers.

Representatives from AlchemyPay affirmed that the company will actively seek licenses and comply with legal requirements as it continues to expand its operations. McCracken called this the “harder but right” path because

building core competitive capabilities and maintaining the highest standards of compliance are crucial factors for the long-term success of the cryptocurrency payment industry.

According to the announcement, Alchemy Pay is also in the process of applying for licenses in the United Kingdom and Hong Kong.

Currently, regulatory agencies in the U.S. are still considering establishing a comprehensive legal framework for the entire industry.

Related: SEC Seeks $2 Billion Fine from Ripple (XRP)

Alchemy Pay and ACH price fluctuations

Alchemy Pay (ACH) is a payment platform focusing on retail point-of-sale (POS) transactions and cross-border remittances. Users can use fiat currency, stablecoins, and other cryptocurrencies to make payments on traditional payment systems. ACH provides blockchain-based payment solutions, with advantages such as decentralization, high security, low costs, and high efficiency.

Chart Ach

Love

0.0/5

Love

Latest

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Screenshot 2025 09 10 100533