MoonPay Secures Wisconsin Money Transmitter License
MoonPay has obtained a Money transmitter License from Wisconsin’s Department of Financial Institutions. This license enables the company to offer its services in the state, as announced in a press release.
Wisconsin residents can now use MoonPay Balance to deposit funds for free purchases, except for ecosystem and network fees. Wisconsin, the 20th most populous U.S. state, has shown growing interest in cryptocurrencies. It was the first state government to buy Bitcoin last year.
The Wisconsin license boosts MoonPay’s total Money Transmitter licenses to 46.This reflects the company’s efforts to gain regulatory approval across the U.S.
Ivan Soto-Wright, MoonPay’s co-founder and CEO, said, “This license shows our commitment to compliance and consumer-first innovation. It strengthens our position as a fully regulated platform.”
MoonPay’s recent acquisitions highlight its expansion plans. The company bought Iron, a stablecoin infrastructure startup, to enhance its enterprise payment solutions. This is MoonPay’s second major acquisition in two months.
in January, MoonPay acquired Helio for about $175 million. Helio has processed over $1.5 billion in transactions in three years. This acquisition will help MoonPay bridge customary and decentralized finance.
