MoonPay secures Money Transmitter License (MTL) in Wisconsin

MoonPay secures Wisconsin Money Transmitter License (MTL).
Wisconsin is the 46th US state to grant MoonPay an MTL.
MoonPay has also been making strategic acquisitions to enhance its crypto services.

In a significant step toward expanding its footprint across the United States, cryptocurrency payment platform MoonPay has secured a Money Transmitter License (MTL) from the Wisconsin Department of Financial Institutions.

gotta catch 'em all!
the Wisconsin Department of Financial Institutions has granted MoonPay a Money Transmitter License
for Wisconsin residents, your experience buying crypto just got even better ~ especially when you use MoonPay Balance pic.twitter.com/40hAspQkwr
MoonPay (@moonpay) March 14, 2025

Announced on March 14, 2025, this approval marks a milestone in MoonPays ongoing efforts to bring its services to more American users.

With this license, Wisconsin residents can now tap into MoonPays offerings, including the ability to deposit funds into MoonPay Balance for fee-free crypto purchases, barring ecosystem and network fees.

Leveraging the growing crypto demand in Wisconsin

Wisconsin, the 20th most populous state in the nation, has shown a burgeoning interest in cryptocurrency adoption. Notably, it made headlines last year as the first state government to purchase Bitcoin (BTC), signaling a progressive stance toward digital finance.

MoonPays entry into the state aligns with this trend, providing residents with a seamless platform to engage with cryptocurrencies.

The license enhances MoonPays ability to operate legally within Wisconsin, offering a secure and efficient way for users to bridge traditional finance and the decentralized world of crypto.

Notably, the Wisconsin license brings MoonPays total count of Money Transmitter Licenses (MTLs) to 46, reflecting its aggressive push to secure regulatory approvals across the US. This follows recent licenses obtained in states like Texas, where the company expanded services late last year.

Ivan Soto-Wright, MoonPays co-founder and CEO, emphasized the importance of this milestone, stating, With this license, we reinforce our commitment to compliance and consumer-first innovation. He added that the approval strengthens MoonPays position as a fully regulated platform, a critical factor in building trust among users and regulators alike.

It is important to note that MoonPays focus on compliance comes at a time when the cryptocurrency industry faces increasing scrutiny from US regulators, although there has been some reprieve since Donald Trump assumed office.

By proactively securing MTLs, MoonPay positions itself as a leader in the space, distinguishing itself from competitors that have struggled with regulatory hurdles.

MoonPay has been expanding its reach through strategic acquisitions

Beyond its regulatory achievements, MoonPay has been bolstering its capabilities through strategic acquisitions.

Recently, the company acquired Iron, a stablecoin infrastructure startup, to enhance its enterprise payment solutions. This move, aimed at facilitating instant and low-cost stablecoin transactions, marks MoonPays second major acquisition in two months.

Stablecoins are changing global payments.@moonpay just acquired @iron to supercharge our solution with stablecoin infrastructure. Faster, cheaper, borderless payments everywhere.
Our second major acquisition in two months (hi @helio_pay )!@ivanhodl on @CNBC pic.twitter.com/gCkRk1j8W3
Charlotte Laborde (@ChaLaborde) March 14, 2025

In January, MoonPay purchased Helio, a crypto payment firm that has processed over $1.5 billion in transactions since its inception, for approximately $175 million.

These acquisitions highlight MoonPays ambition to bridge traditional and decentralized finance, offering users a more robust and versatile platform.

Notably, the integration of Helios technology and Irons stablecoin expertise positions MoonPay to meet the needs of both individual consumers and enterprise clients. For Wisconsin residents, this could translate into an even richer crypto experience as MoonPay rolls out enhanced features.

The post MoonPay secures Money Transmitter License (MTL) in Wisconsin appeared first on CoinJournal.

Text source: CoinJournal: Home

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