Alchemy Pay secures first U.S. Money Transmitter License in Arkansas

In a significant move towards expanding its global footprint, cryptocurrency payment gateway Alchemy Pay has been granted a Money Transmitter License in the state of Arkansas. The license, issued by the Arkansas Securities Department on September 13, allows the Singapore-based firm to offer a range of financial services, including crypto-to-fiat transactions, in the state.

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Alchemy Pay's fiat-crypto On-Ramp has been integrated into YouSUI's platform to allow users to make direct fiat to crypto purchases with local fiat currencies and multiple payment methods.

In a monumental stride that could reshape the landscape of digital payments worldwide, Alchemy Pay, a leading fiat-to-crypto payment gateway, has forged a formidable partnership with Checkout, a renowned payment processor catering to large global enterprises.

Binance no longer supports deposits and withdrawals for several cross-chain bridge tokens linked with the Multichain project. Binance Suspends Multichain Support In a recent development, Binance, one of the world's largest cryptocurrency exchanges, has announced that it is ending support for withdrawal and deposit for several Multichain-bridged tokens.

Fantom token was down 6% while the Multichain token plunged 5% following the news that Binance plans to halt the use of some Multichain tokens soon. Crypto exchange Binance announced on Wednesday that it would no longer support the deposits and withdrawals of several tokens linked to the Multichain protocol, starting from July 7.

Crypto exchange Binance will suspend support for eight Multichain-bridged (MULTI) tokens on July 7 till further notice because of the issues with some of the protocol's cross-chain routes.

Alchemy Pay Price Predictions 2023-2032 The platform claims to make “Ethereum development easy.” Previously, the platform was only available to teams close to the project's developers.

Ontology, a blockchain network focused on enhancing trust, privacy, and security in Web3 by offering decentralized identity and data solutions, has formed a partnership with Alchemy Pay to integrate its on and off ramp solution.

Alchemy Pay now supports India's UPI domestic transfer payments for crypto purchases in India. By enabling users to pay by Unified Payments Interface, India's domestic transfer system, it is possible for Indian bank account holders “to buy and sell cryptocurrency with the Indian rupee.

DODO, an algorithm-driven and decentralized trading platform, has launched Alchemy Pay's on & off ramp solution on its platform. Alchemy Pay's payment ramp “supports fiat deposits with Visa and MasterCard, as well as numerous popular fiat mobile wallets in emerging markets.

Alchemy Pay (ACH), a Singapore-based leader in cryptocurrency payment solutions, has expanded its services into Malaysia, allowing Malaysian users to purchase cryptocurrencies directly with Malaysian Ringgit (MYR) using popular local payment methods.