Alchemy Pay Introduces New BINs for Crypto Card in Hong Kong
Singapore-based crypto payment gateway, Alchemy Pay, has announced the addition of new Bank Identification Numbers (BINs) for its crypto card in Hong Kong. The new BIN will start with the first 6 digits “515783” and will facilitate transactions with popular merchant sites and apps such as Aliexpress, Netflix, Twitter, Facebook, and Apple Store. Users can also apply for this card through Alchemy Pay’s mini app Crypto Card on Binance Marketplace.
Benefits of BIN Numbers
The use of BIN numbers allows merchants to accept multiple forms of payment and enables faster transaction processing. It also helps banks detect fraudulent or stolen cards, thus preventing identity theft. Alchemy Pay believes that adding new card BINs will enhance the capabilities of crypto cards, expanding support for a wider range of payment situations and improving transaction success rates.
Alchemy Pay’s License Application in Hong Kong
In addition to introducing new BINs, Alchemy Pay is currently in the process of applying for a Money Service Operator (MSO) license and Virtual Asset Service Providers (VASP) license in Hong Kong. The company has partnered with ZD Group to share the necessary financial services licenses granted by Hong Kong’s Securities and Futures Commission (SFC). These licenses are essential for conducting financial investment activities in Hong Kong.
Promoting Crypto Accessibility in Hong Kong
Alchemy Pay has been actively promoting crypto accessibility in Hong Kong. The company carried out a month-long cryptocurrency public service announcement advertising campaign during the Web3 Blockchain Week earlier this year. They encourage locals to access their crypto assets through popular payment options like Visa, Mastercard, Apple Pay, and Google Pay. Furthermore, Alchemy Pay has integrated with major exchanges like OKX and Bitget, allowing Hong Kong users to securely trade using their ramp services.
Hot Take: Alchemy Pay Expands Crypto Card Features in Hong Kong
Alchemy Pay’s addition of new BINs for its crypto card in Hong Kong demonstrates the company’s commitment to enhancing crypto accessibility and transaction success rates. By partnering with popular merchants and apps, users can enjoy seamless transactions using their crypto cards. Furthermore, Alchemy Pay’s efforts to obtain necessary licenses in Hong Kong solidify its position as a trusted and compliant crypto payment platform. As the company continues to expand its services and partnerships, it is poised to play a significant role in driving crypto adoption and usage in Hong Kong.
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