Payment service provider Alchemy Pay has good news — they have just obtained an MTL license in South Dakota, USA. With this, their total number of MTL licenses in the US market has reached 13.

The significance of this license is that Alchemy Pay can continue to provide compliant payment services between fiat and crypto assets. In simple terms, users can switch more confidently between fiat and crypto. As the number of licenses increases, Alchemy Pay's business coverage is also gradually expanding. This serves as a good example for payment and crypto service companies looking to enter the US market — the path to compliance may be long, but it is indeed achievable.