Skip to content
- Alchemy Pay secures its 9th U.S. Money Transmitter License, boosting its U.S. market presence.
- Expanding globally, Alchemy Pay holds licenses in key markets like the UK, South Korea, and Australia.
- ACH token rises 47%, now testing a key resistance level, signaling potential for further growth.
Alchemy Pay, a well-established fiat-crypto payment solutions provider, has obtained a Money Transmitter License in Arizona. This approval is the ninth for the company in states across the United States. Thus, the new license allows Alchemy Pay to provide the connection between fiat and crypto in Arizona and increase its presence in the US market.
The firm currently maintains MTL in other states, such as Arkansas, Iowa, and Wyoming, and is pursuing licenses in other states. Every new approval contributes to Alchemy Pay’s development in the growing cryptocurrency payment segment. With these licenses, Alchemy Pay is enhancing its capacity to provide efficient services for both companies and consumers who need to close the gap between offline and online financial options.
Strengthening Payment Infrastructure
However, Alchemy Pay has been increasing its regulation alongside the growth of its international presence. The company currently has licenses in key countries like the UK, South Korea, Canada, and, recently, Australia. These licenses are expanding Alchemy Pay’s services internationally and connecting more people to all their fiat-crypto transaction needs.
Alchemy Pay is also making progress in strengthening its on-ramp infrastructure. In January, it entered into strategic partnerships with Mantle Network and HashKey Chain for the on-ramp for the native tokens. Following this, Ethena by Alchemy Pay extended its payment gateway services, enabling users in over 173 countries to buy the USDe and ENA using over 50+ fiat currencies.
All these partnerships and infrastructure developments are proving pivotal to Alchemy Pay’s growth. Thus, by making cryptocurrency easily accessible to global consumers, the company is set as a leader in the fiat-crypto payment solution. One apparent advantage of having an easy-to-deal-with platform is that Alchemy Pay has quickly attracted a number of users who needed an easy way to buy digital assets.
Alchemy Pay Token Surge
This upward motion is evident through the latest surge in the price of Alchemy Pay’s native token, known as ACH. ACH has risen by 47% within a week and is currently trading at $0.028. The token recently crossed above the 20-day EMA at $0.02323, moving higher, signifying an upward trend. Currently, ACH is finding the resistance zone at the $0.0275 to $0.0288 level, a level at which a breakout can now be anticipated.
Source: TradingView
ACH token is rapidly expanding the coverage of its services and improving the supporting conditions, so the outlook for ACH is rather optimistic. ACH is set to experience further growth as it develops the Alchemy Chain, a Solana VM-based layer-1 blockchain initially revealed in late October of the previous year. This new blockchain is expected to add more value to ACH and attract more users and investors to the platform.
