MoonPay’s acquisition of a BitLicense allows the firm to operate direct fiat-to-crypto services across all 50 U.S. states without depending on third-party intermediaries.

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The firm says it can now operate coast-to-coast in the United States without coverage gaps.

The New York State Department of Financial Services has granted a BitLicense to global crypto payments firm MoonPay, allowing the company to operate across all 50 U.S. states without relying on third-party intermediaries.