The Alchemy Pay team announced via X (formerly Twitter) on Thursday that it has obtained the Money Services License in the state of Iowa United States. This latest development is the second compliant license obtained by Alchemy Pay in the United States. Alchemy Pay previously said they intend to delve deeper into financial compliance and crypto payment solutions, putting further effort and resources into these areas.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments in fiat, stablecoins and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is up by less than 1% in the last 24 hours and currently trades at $0.01933.