Alchemy Pay, a Singaporean crypto-fiat payment gateway, has announced its expansion into the U.S. market by acquiring a money services license in Iowa. This development follows the company's earlier acquisition of a money transmitter license in Arkansas. Alchemy Pay is actively pursuing MTL licenses in additional U.S. states and also has its sights set on the United Kingdom and Hong Kong for future expansions. Robert McCracken, Alchemy Pay's ecosystem lead, emphasized the company's commitment to adhering to regulatory frameworks, believing it to be crucial for the long-term success of the crypto payment industry. Alchemy Pay, which operates in 173 countries and supports various payment methods including Visa and Mastercard, sees immense potential in the crypto payment sector as a future leading industry.
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