MoonPay secures Wisconsin money transmitter license in effort to expand US services

Moonpay received a silver issuer license from the Ministry of Wisconsin Financial Institutions.

This license allows the company to extend its services to the state, according to a press release shared with Crypto.News. This means that residents of Wisconsin can now use Moonpay balance to deposit funds for free -cost purchases, excluding ecosystem and network fees.

Wisconsin, the 20th most populous American condition, has showed growing interest in crypto. Last year, he became the first government of the State to buy Bitcoin.

The addition of Wisconsin carries the total number of MOONPAY MTL to 46, reflecting its thrust for regulatory approvals across the United States

“With this license, we are strengthening our commitment to compliance and innovation focused on consumers,” said the co-founder and CEO of Moonpay, Ivan Soto-Wright. “This step strengthens our position as a fully regulated platform.”

Moonpay’s latest companies

Passage recently acquired Iron, a Stablecoin infrastructure startup, to extend its business payment solutions. This decision, its second major acquisition in two months, was to improve instant and low cost stablecoin transactions.

In January, Moonpay acquired Helio for around $ 175 million to extend its cryptographic payment solutions. Helio, who has treated more than $ 1.5 billion in transactions in three years, will help Moonpay fill traditional and decentralized finance.