http://www.paymentssource.com/news/in-money-transmitter-licensing-is-it-better-to-own-or-to-rent-3015198-1.htmlSeveral money transmitters are offering their state licensing portfolio to emerging payments agents, allowing them to get to market quicker — but startups lose some autonomy if they go this route.
These arrangements look attractive to companies that handle bitcoins and other virtual currencies as they navigate the fragmented and costly process of obtaining 48 separate state and regional licenses in the U.S. Montana, South Carolina and New Mexico do not require a license, but Washington D.C. does.
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