Moonpay secures the money transmitters' license (MTL) in Wisconsin

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Von: Sophie Müller

Moonpay secures the money transmitter license in wisconsin

  • Moonpay secures the Wisconsin money transmitter license (mtl).
  • Wisconsin is the 46th US state that grants Moonpay to MTL.
  • Moonpay also made strategic acquisitions to improve his crypto services.

In a significant step to expand its footprint in the USA, the Moonpay cryptocurrency platform received a money transmitters' license (MTL) from the Wisconsin Department of Financial Institutions.

This approval will be announced on March 14, 2025 and marks a milestone in Moonpay's running efforts to bring your services to more American users.

With this license, the residents of Wisconsin can now use MoonPay's offers, including the possibility of completing funds for free crypto purchases, the ecosystem and the network fees.

Use of the growing crypto demand in Wisconsin

Wisconsin, the nation's 20th most populous state, has shown a burgeoning interest in the adoption of cryptocurrencies. In particular, last year it made headlines as the first state government that bought Bitcoin (BTC) and signaled a progressive attitude towards digital finances.

The entry of MoonPay into the state agrees with this trend and offers the residents a seamless platform to deal with cryptocurrencies.

The license improves the ability of MoonPay to legally operate in Wisconsin and offers users a safe and efficient way to close traditional financing and the decentralized world of crypto.

In particular, the Wisconsin license brings MoonPay's total number of money stations (MTLs) to 46, which reflects the aggressive advance of ensuring regulatory permits in the United States. This is followed by the latest licenses that were preserved in states such as Texas in which the company expanded the services at the end of last year.

IVAN SOTO-Wright, co-founder and CEO of Moonpay, emphasized the importance of this milestone and explained: "With this license we strengthen our commitment to compliance and consumer interest innovation." He added that the approval strengthens MoonPay's position as a fully regulated platform, a decisive factor for building trust between users and regulatory authorities alike.

It is important to note that MoonPay's focus is on compliance with a time at which the cryptocurrency industry is increasingly being checked by US supervisory authorities, although a certain office has been accepted since Donald Trump.

By proact with MoonPay, he positions himself as a guide in the room and differs from competitors who have to struggle with regulatory hurdles.

Moonpay has expanded its reach through strategic acquisitions

Apart from the regulatory achievements, Moonpay has strengthened its skills through strategic acquisitions.

Recently, the company Iron, a StableCoin infrastructure -has acquired startup, to improve its corporate payment solutions. This step, which aimed at enabling immediate and inexpensive StableCoin transactions, marks the second major acquisition for two months.

In January, MoonPay Helio, a crypto payment company, bought over 1.5 billion US dollars for transactions of over 175 million dollars since its foundation.

These acquisitions show the ambition of Moonpay, traditional and decentralized finances, and offers users a more robust and versatile platform.

In particular, the integration of the technology of Helio and Irons Stablecoin expertise positions MoonPay in order to meet the requirements of individual consumers and corporate customers. For the residents of Wisconsin, this could lead to an even richer crypto experience if Moonpay rolls out improved functions.

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Source: Coinlist.me