MoonPay is making big moves in the U.S. crypto space! The company has officially secured a Money Transmitter License (MTL) from the Wisconsin Department of Financial Institutions, allowing it to broaden its services in the state. This milestone means Wisconsin residents can now use MoonPay Balance to deposit funds and make fee-free purchases excluding ecosystem and network fees offering a seamless crypto experience.
Wisconsin’s Growing Crypto Adoption
Wisconsin, the 20th most populous state in the U.S., has been making headlines for its increasing interest in cryptocurrency. In fact, last year, Wisconsin became the first state government to buy Bitcoin, further solidifying its role in the evolving digital asset landscape.
With the addition of Wisconsin, MoonPay now holds a total of 46 Money Transmitter Licenses across the U.S., showcasing its dedication to compliance and regulatory approvals nationwide.
“With this license, we reinforce 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.”
MoonPay’s Expansion Strategy: Acquisitions & Innovation
MoonPay is not stopping at licensing approvals—it’s rapidly expanding through strategic acquisitions. Recently, the company acquired Iron, a stablecoin infrastructure startup, to enhance its enterprise payment solutions. This move aims to improve instant, low-cost stablecoin transactions, further integrating traditional and decentralized finance.
In January, MoonPay made headlines with its $175 million acquisition of Helio, a payment platform that has processed over $1.5 billion in transactions in just three years. This acquisition strengthens MoonPay’s mission to bridge the gap between Web2 and Web3 financial ecosystems, making crypto payments more accessible and efficient.
With regulatory approvals and key acquisitions under its belt, MoonPay is well on its way to shaping the future of crypto payments in the U.S. and beyond!
