REXBOX
Last updated Sep 24, 2023
Alchemy Pay secured a Money Transmitter Licence from the Arkansas Securities Department. 
Alchemy Pay is a crypto-to-fiat payment provider platform. The main focus of this platform is to provide a payment solution for companies to accept payments easily. This platform was founded in 2018 and currently, this platform is playing a vital role in connecting the crypto economy with the traditional economy. Currently, its services are available in 173 countries, including Australia, Canada, Hong Kong, the United Arab Emirates, and India.
Recently the Alchemy Pay team announced that the company secured a Money Transmitter Licence from the Arkansas Securities Department more than a week ago. This license will allow the platform to provide various kinds of payment services including crypto in the US States.

Alchemy Pay considers this licence a key success for the company, as it is one of the first like licences that will allow it to provide services for Americans. 
Notably, here Alchemy Pay is not the first crypto firm that secured this license, already other crypto firms like Coinbase, Block (founded by Jack Dorsey), MoonPay, and bitFlyer exchange are holding this license.
The lead of Alchemy Pay’s ecosystem, Robert McCracken, said that the Money Transmitter Licence is going to be a key point for the platform because it will help to secure similar kinds of licenses globally
ACH coin price action
ACH is the native coin of the Alchemy Pay platform and the current trade price of this token is $0.015 & this trade price is 7.9% low over the last 24 hours trade price.

ome crypto proponents considered this success for Alchemy Pay interesting because currently, the situation for crypto companies is not smooth, as the financial regulators took several enforcement actions against crypto companies blindly, following the bankruptcy of the FTX crypto exchange in Nov 2022. 
#Alchemy #Pay #Eligible #Provide #Cryptofiat

REXBOX

Billionaire Elon Musk, a Dogecoin supporter, has seemingly been on a journey to eliminate bots from the X (formerly Twitter) platform after acquiring it back in 2022 for $54 billion. With multiple measures already put in place still not efficiently reducing the number of bots on the platform, Musk has moved on to a new strategy that involves paying to use X. But does Dogecoin fit into the payment plans?

Elon Musk Wants X Users To Pay To Play

In an interesting turn of events, Elon Musk is considering putting the entire X site behind a paywall. The billionaire revealed this while talking with Israeli Prime Minister Benjamin Netanyahu. According to Musk, he is considering this option as a way to reduce the bot activity on the social media platform.

Musk reasons that if all accounts have to pay a fee to access the platform, it would make it more expensive for the bad actors who create these bots to keep up their activities. And hopefully, higher costs of operations would lead to a decrease in those deploying the bots.

Explaining how the payments would work for each account, the SpaceX CEO said that X would introduce a “lower tier of pricing.” In this case, each account would pay a small fee just to access the platform, which would be separate from the fee users already have to pay to access its X Blue premium service.

He puts forward that given that these bots cost so little to deploy, as little as a fraction of a penny, making each account pay a few dollars to access the platform would increase their operating cost very drastically. Musk also seems to be at the end of his rope with the bot issues, telling the Prime Minister that this is “the only way I can think of to combat vast armies of bots.”

Does Dogecoin Fit Into This Plan?

Ever since Elon Musk took over the X platform, Dogecoin investors have waited with bated breaths to see if he would finally implement DOGE payments on the platform as he has talked about before.

These speculations are further fueled by the fact that Musk has gone on to implement a significant portion of ideas that he had for a social media platform highlighted in his recently released biography.

However, despite remaining a staunch supporter of the meme coin, there has been nothing from Musk to signify if Dogecoin payments are coming to X. But given that DOGE excels at such micro-transactions that would be implemented if X turns into a ‘pay-to-play’ service, it could be a good option for the platform.

source : https://rexbox.online/rexbox-elon-musk-wants-to-deter-x-bots-with-new-pay-service-is-dogecoin-involved/

#Musk #Bots #Pay #Service #Dogecoin