Alchemy Pay, a cryptocurrency payment gateway, has recently acquired a Money Transmitter License in the state of Arkansas, USA. This license allows the company to offer a wide range of financial services, including the sale and issuance of payment instruments, stored value, prepaid access, as well as the receipt and transmission of money, virtual currency, and monetary value.The news resulted in a surge in the price of Alchemy Pay (ACH) token. The token briefly jumped above $0.016 before pulling back to $0.01542. Alchemy Pay is now positioned alongside other cryptocurrency firms authorized to facilitate crypto-to-fiat transactions in Arkansas, such as Coinbase, Block, MoonPay, bitFlyer exchange, and others.The company is currently pursuing Money Transmitter Licenses in additional states across the United States. Robert McCracken, Alchemy Pay’s ecosystem lead, emphasized their commitment to compliance, highlighting the substantial investments in securing licenses in various countries and regions.Established in 2018 in Singapore, Alchemy Pay operates a crypto-to-fiat payment platform that facilitates transactions between traditional fiat currencies like the US dollar and the euro and popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The Alchemy Pay platform currently supports payments in 173 countries, including prominent jurisdictions and regions like Australia, Canada, Hong Kong, the United Arab Emirates, India, and many others.

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Information	Details
Geography	Global
Countries	🇦🇺 🇨🇦 🇭🇰 🇦🇪 🇮🇳 🇺🇸 🇸🇬 🇱🇹
Sentiment	positive
Relevance Score	10
People	Jack Dorsey, Robert McCracken
Companies	Arkansas Securities Department, MoonPay, Block, Coinbase, bitFlyer exchange
Currencies	Bitcoin, Ethereum, US Dollar, Euro, Alchemy Pay
Securities	None