Ahmet Bedirhan Arvas 
The leading fiat-crypto payment gateway, Alchemy Pay, is expanding spending options in the Hong Kong region by adding new card BINs for its Crypto Virtual Card, offering users more advantages. The new “515783” BIN number facilitates transactions on various platforms using Alchemy Pay’s mini-app Crypto Card, including ChatGPT Plus, Aliexpress, Netflix, Twitter, Facebook, Apple Store, and Google Pay.
Bank Identification Numbers (BINs) comprise the first 6 to 8 digits of a card number and provide information about the card’s network, type, and issuing bank. The newly added BIN numbers enhance the capabilities of crypto cards, providing support for a broader range of payments and increasing transaction success rates.
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The review of policies related to virtual asset activities by the Hong Kong Monetary Authority and the Securities and Futures Commission (SFC) on December 22 indicates developments in the crypto space. In an environment where entities like Alchemy Pay are preparing for the adoption of spot crypto ETFs in Hong Kong, this situation may offer more opportunities for interaction and adoption of fiat-crypto payment gateways.
Alchemy Pay is actively involved in the application process for the Money Service Operator (MSO) license and Virtual Asset Service Providers (VASP) in Hong Kong, aligning its development with current trends. Taking steps in strategic partnerships and regulatory compliance, Alchemy Pay continues its commitment to providing users with a fast, simple, and user-friendly solution for accessing crypto assets within the regulatory framework.
In particular, the issuance of guidelines by the Hong Kong government regarding cryptocurrencies and the SFC’s initiation of processing license requests for crypto trading platforms support Alchemy Pay’s rapid integration and growth in the evolving crypto market in this region. These developments create a foundation for Hong Kong, a global financial center, to strengthen its leading position in crypto payments and financial technology.
All these factors support Alchemy Pay’s mission to offer its users in Hong Kong broader and secure payment options during a period when the company continues to strengthen its leadership in the crypto payment industry by focusing on global policy developments.