Hassan Maishera
On Wednesday, the Alchemy Pay team announced via a blog post that it has secured a Money Transmitter License (MTL) in the State of Illinois.
The Illinois Money Transmitter License, regulated by the Illinois Department of Financial and Professional Regulation (IDFPR), authorizes Alchemy Pay to engage in money transmission activities involving fiat currencies and digital assets within the state.
The license covers the transmission of money and monetary value, including electronic funds transfers and virtual currency-related services.
License status can be verified through the Nationwide Multistate Licensing System (NMLS) Consumer Access portal by searching "Alchemy Pay."
With the addition of Illinois, Alchemy Pay now holds Money Transmitter Licenses in 18 U.S. states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, South Carolina, Kansas, West Virginia, South Dakota, Nebraska, Delaware, Rhode Island, Maine, and Illinois.
Founded in Singapore in 2018, Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes web3 services highly accessible.
Today, Alchemy Pay is supported in over 70 countries with 300 payment channels, has touchpoints with more than 2 million merchants through partnerships with industry leaders such as Binance, Shopify, NIUM, and QFPay. Alchemy Pay’s token ACH, is an ERC20 native to the Ethereum blockchain
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems.
Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes DeFi services highly accessible.
Alchemy Pay’s ACH token is down 2.6% in the last 24 hours and trades at $0.004663. Alchemy Pay supports cryptocurrency’s mission to provide people of all economic and geographic backgrounds with equal access to global finance.
