MoonPay Secures Money Transmitter License in Wisconsin

MoonPay has received a Money Transmitter License (MTL) from the Wisconsin Department of Financial Institutions. This license allows the company to expand its services in the state, enabling Wisconsin residents to use MoonPay Balance for fee-free purchases, excluding ecosystem and network fees.

Wisconsin, the 20th most populous U.S. state, has shown increasing interest in cryptocurrency. Notably, it became the first state government to buy Bitcoin last year.

With this addition, MoonPay’s total MTL count has reached 46, reflecting its commitment to securing regulatory approvals across the U.S.

> “With this license, we reinforce our commitment to compliance and consumer-first innovation,” said MoonPay co-founder and CEO Ivan Soto-Wright. “This milestone strengthens our position as a fully regulated platform.”

MoonPay’s Latest Ventures

Recently, MoonPay acquired Iron, a stablecoin infrastructure startup, to enhance its enterprise payment solutions, marking its second major acquisition in two months aimed at improving instant, low-cost stablecoin transactions.

In January, MoonPay also acquired Helio for approximately $175 million, aiming to expand its crypto payment solutions. Helio has processed over $1.5 billion in transactions over three years, aiding MoonPay in bridging traditional and decentralized finance.

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