Web3 transactions provider opens new office in Hawaii as state embraces crypto
, a global Web3 payments provider headquartered in Miami, has opened a new office in Hawaii, taking advantage of the state’s evolving cryptocurrency-friendly regulations. Following the conclusion of Hawaii's Digital Currency Innovation Lab study in June 2024, the state no longer requires cryptocurrency businesses to obtain a money transmitter license. This regulatory shift aims to foster innovation and growth in the crypto sector.
As part of this launch, several of Transak’s key partners, including BitPay, MetaMask, Changelly and Trust Wallet, are now live in Hawaii. Hawaii represents a high-potential yet underexplored market for these platforms.by Miq Intelligence reveals that Hawaii leads all U.S. states in interest in cryptocurrency. However, despite this enthusiasm, residents have faced challenges in onboarding to Web3, particularly in acquiring cryptocurrencies with fiat currency.
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