Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Alchemy Pay strengthens Hong Kong’s cryptocurrency infrastructure with enhanced virtual card services
ADOPTION NEWS

Alchemy Pay strengthens Hong Kong’s cryptocurrency infrastructure with enhanced virtual card services

By Crypto FlexsJanuary 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Alchemy Pay strengthens Hong Kong’s cryptocurrency infrastructure with enhanced virtual card services
Share
Facebook Twitter LinkedIn Pinterest Email

Alchemy Pay, a leading fiat-to-crypto payment gateway, recently expanded its virtual card services in Hong Kong by adding a new Bank Identification Number (BIN) for its cryptocurrency virtual cards, according to its official website. This strategic move with the addition of the BIN number “515783” will significantly improve the usability and acceptance of the card on a variety of platforms, including: ChatGPT There is also Aliexpress, Netflix, Twitter, Facebook, Apple Store and Google Pay.

The implementation of the new BIN is a significant development in the cryptocurrency payments sector. This is because these numbers, which make up the first 6 to 8 digits of the card number, play an important role in the financial ecosystem. This aims to enable a wider range of payment scenarios and increase transaction success rates by providing important information about the card network, type (debit or credit), and issuing bank or financial institution.

Alchemy Pay’s plans are consistent with Hong Kong’s progressive stance on cryptocurrency. After the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority reviewed their policies on intermediaries involved in virtual asset activities on December 22, the region showed its readiness to integrate traditional financial funds into the cryptocurrency sector. Alchemy Pay is actively seeking a Money Services Operator (MSO) license and a Virtual Asset Service Provider (VASP) in Hong Kong, demonstrating its commitment to regulatory compliance.

Alchemy Pay, in partnership with ZD Group, has shared the required financial services license required for financial investment activities in Hong Kong. The company has taken the lead in raising cryptocurrency awareness in the region, particularly through its Web3 Blockchain Week public service announcement campaign.

Additionally, Alchemy Pay integrates with major exchanges such as OKX and Bitget, providing safe and compliant trading options for Hong Kong users. The introduction of the new card BIN is a step towards simplifying cryptocurrency transactions and solidifying Alchemy Pay’s position as a leader in the cryptocurrency payment gateway sector.

Hong Kong’s evolving regulatory environment, including guidance issued in October 2022 and the processing of license requests for cryptocurrency trading platforms, signals the region’s ambitions to become a global cryptocurrency hub. Alchemy Pay is leveraging these policy developments to continually innovate and adapt its services to meet the growing demand for accessible and user-friendly cryptocurrency payment solutions.

Founded in Singapore in 2017, Alchemy Pay supports payments in 173 countries through solutions such as On & Off-Ramp, NFT Checkout, and Crypto Card. The company’s recent expansion into Hong Kong demonstrates its commitment to the global development of the cryptocurrency payments industry.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025
Most Popular

Ether Leeum market share is close to a historical low, with the ETH price risk dropping to $ 1,100.

April 15, 2025

🏆 Altcoin Selection – January 2024 (Microcap)

January 3, 2024

LINK is seeking institutional interest, but $40 is still unlikely. Here’s why:

October 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.