Moonpay receives a remittance license from the Wisconsin Financial Institutions Bureau.
The licence allows the company to expand its services in the state, according to a press release shared with crypto.news. This means Wisconsin residents can use their MoonPay balance to deposit funds for non-charged purchases excluding ecosystem and network fees.
Wisconsin, the 20th most populous US, shows growing interest in crypto. Last year, it became the first state government to buy Bitcoin.
Adding Wisconsin brings MoonPay’s total MTL count to 46, improving regulatory approval across the US.
“This license strengthens our commitment to compliance and consumer-first innovation,” said Ivan Soto-Wright, co-founder and CEO of MoonPay. “This milestone strengthens our position as a fully regulated platform.”
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Moonpay’s latest venture
MoonPay recently acquired Iron, a startup in Stablecoin infrastructure to expand its enterprise payments solution. The move, the second major acquisition in two months, was to immediately improve low-cost stubcoin transactions.
In January, MoonPay acquired Helio for around $175 million to expand its Crypto Payment Solutions. After processing more than $1.5 billion in transactions over three years, Helio will help Moonpay fill traditional and decentralized finances.
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