Alchemy Pay Expands Its Licensing Reach in the U.S. with Approval from Arizona to Enhance Financial Services

Alchemy Pay Strengthens Its U.S. Presence with Arizona License

Alchemy Pay, a leading provider of fiat-crypto payment solutions, has made significant strides in its regulatory compliance efforts by obtaining a Money Transmitter License (MTL) from the Arizona Department of Insurance and Financial Institutions. This milestone allows the company to facilitate secure and seamless fiat-to-crypto and crypto-to-fiat transactions within Arizona, ensuring adherence to the state’s financial regulations.

With this latest approval, Alchemy Pay expands its licensing footprint to nine states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, and Wyoming. The company is currently pursuing additional licenses in other jurisdictions, reinforcing its ambition to merge traditional finance with the dynamic crypto ecosystem.

The recent shifts in the U.S. political landscape, particularly under the Trump administration, which has adopted a more supportive stance toward cryptocurrencies, may bolster the funding and endorsement of digital asset initiatives. This environment aligns perfectly with Alchemy Pay's mission to build a robust regulatory framework, reflecting its commitment to compliance and security in financial services.

Ailona Tsik, Chief Marketing Officer at Alchemy Pay, remarked, "This regulatory achievement underscores our unwavering commitment to compliance, security, and financial transparency. As the digital asset industry matures, securing the necessary regulatory approvals remains a top priority for us. We are dedicated to providing our users with a secure and legally compliant platform, and this milestone reinforces that commitment."

Founded in 2017, Alchemy Pay is recognized as a reliable gateway for fiat payments, enabling seamless transactions for users across the globe. The company has seen remarkable growth, amassing 3 million registered users and processing 8 million transactions by 2024, reflecting a threefold increase in demand for such services.

In addition to its regulatory progress in the United States, Alchemy Pay has achieved notable compliance milestones worldwide. These include obtaining an Authorized Payment Institution License in the United Kingdom, joining the Swiss VQF as a Self-Regulatory Organization, and registering as a Digital Currency Exchange Provider under AUSTRAC in Australia. Such achievements underscore Alchemy Pay's dedication to maintaining high standards of regulatory compliance and reinforcing its position as a leader in the financial technology sector.

As the demand for crypto solutions continues to grow, Alchemy Pay remains focused on securing further regulatory approvals globally. This strategy is essential for its commitment to offering innovative, compliant, and secure financial solutions across various jurisdictions.

Alchemy Pay’s offerings include services such as fiat-crypto exchanges and the ability to purchase NFTs directly with fiat currency. Their innovative platforms cater to a diverse audience of businesses, developers, and end users, operating in 173 countries. This comprehensive suite of services positions Alchemy Pay as a go-to solution for integrating fiat and virtual currencies, simplifying the financial landscape for users looking to navigate the ever-evolving digital currency market.

In conclusion, Alchemy Pay's successful acquisition of the Money Transmitter License in Arizona marks a pivotal step in its journey of enhancing its compliance framework. The company continues to be at the forefront of creating secure payment solutions that bridge the gap between traditional and digital assets, validating its commitment to a technologically advanced financial future.