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Alchemy Pay has joined the ranks of crypto firms like Coinbase and Jack Dorsey’s Block in securing the Money Transmitter License in Arkansas. Cryptocurrency payment gateway Alchemy Pay is expanding its global presence after securing a major payment license in the United States. Alchemy Pay has obtained a Money Transmitter License in the state of Arkansas, the firm announced to Cointelegraph on Sept. 20. Granted by the Arkansas Securities Department, the license officially enables Alchemy Pay to operate services like selling or issuing payment instruments, stored value, prepaid access, as well as receiving money , virtual currency, or monetary value for transmission. In receiving the Money Transmitter License, Alchemy Pay joins the ranks of many cryptocurrency firms that are authorized to provide crypto-to-fiat transactions in Arkansas, including Coinbase, Jack Dorsey’s Block, MoonPay, bitFlyer exchange and others. The license marks a significant milestone in Alchemy Pay’s efforts...

The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities. Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is designed specifically for the digital yuan, also known as the e-CNY, which is China's central bank digital currency (CBDC) currently being tested. This announcement was made by the bank on Monday in a social media post, revealing their partnership with telecommunication operators China Telecom and China Unicom and their intention to commence testing on Tuesday. The bank plans to enable users to make phone payment s by integrating its e-CNY app with specialized "super SIM cards " that have near-field communication capabilities. Users simply need to bring their mobile phones near the point of sale terminals for payment , el...