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The Alchemy Pay platform supports payments in 173 countries. In January 2023, Alchemy Pay earned recognition as an official service provider by Visa, In June 2023, Alchemy Pay was included as one of the compliant service providers within Mastercard’s Site Data Protection program. Alchemy Pay, a cryptocurrency payment gateway, is significantly expanding its global presence following the successful acquisition of a significant payment license in the United States. On September 20, the company officially announced that it had secured a Money Transmitter License in the state of Arkansas. The license was granted by the Arkansas Securities Department and empowers Alchemy Pay to offer a wide range of financial services, including the sale and issuance of payment instruments, stored value, prepaid access, as well as the receipt and transmission of money, virtual currency, and monetary value. The news resulted in a significant surge in the price of Alchemy Pay ...

Coinbase says it will add support for the Bitcoin Lightning Network. Cathie Wood praises the crypto exchange for the decision. Coinbase shares are down nearly 30% versus their YTD high. Coinbase Global Inc has decided to integrate the Lightning Network that aims at making Bitcoin a viable option for faster and cheaper global payments. How long will the integration take? The crypto exchange had been exploring adding support for the Lightning Network since early August. On Wednesday, Brian Armstrong – its Chief Executive wrote on X (formerly Twitter): We’ve made decision to integrate Lightning. Bitcoin is most important asset in crypto and we’re excited to do our part to enable faster/cheaper Bitcoin transactions. He did not reveal how long the integration will likely take, though. The announcement arrives more than a month after Coinbase reported its financial results for the second quarter that handily topped Street estimates. At writi...

To make central bank digital currencies successful, global and local financial institutions need to invest in digital currency education, analyze various use cases, and create their digital currency strategy. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As cryptocurrencies like Bitcoin (BTC) continue to enter the mainstream and encapsulate people, several countries have announced initiatives to create their own central bank digital currencies (CBDCs). According to the International Monetary Fund (IMF), nearly 100 countries are actively evaluating CBCDs, and some have already started to roll out these initiatives. CBDC Tracker | Source: Atlantic Council Additionally, central banks worldwide are investigating the practicalities of establishing CBDCs of their own. Digital currencies are surging in popularity for a variety of reasons. They are considered more secure and less...