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

Wisconsin, the 20th most populous state in the US, has been showing a growing interest in cryptocurrencies. Last year it became the first state to buy Bitcoin.

The addition of Wisconsin brings MoonPay’s total MTL to 46, reflecting its effort to gain regulatory approval across the US.

“With this license, we reaffirm our commitment to compliance and consumer-focused innovation,” said Ivan Soto-Wright, MoonPay’s co-founder and CEO. “This achievement solidifies our position as a fully regulated platform.”

MoonPay recently acquired Iron, a stablecoin infrastructure startup, to expand its enterprise payment solutions. The move, which was the second major acquisition in two months, was aimed at improving the stablecoin’s quick and low-cost transactions.

In January, MoonPay acquired Helio for around $175 million to expand its crypto payment solutions. Helio, which has processed over $1.5 billion in transactions in three years, will help MoonPay build a bridge between traditional and decentralized finance.