Alchemy Pay and ZD Group Partnership Promotes Financial Licensing and Encrypted Payment Solutions

03/13/2023 06:53 • Daily Digest • 69 views

According to the official announcement, the encrypted payment gateway announced that it had cooperated with the parent company of the global investment fund Mouette Securities, ZD Group. Under this strategic cooperation framework, ZD Group provides Alchemy Pay with investment and shares four financial licenses authorized by the Hong Kong Securities and Futures Commission (SFC) and the Insurance Industry Regulatory Authority (IA), while Alchemy Pay promises to provide encrypted payment solutions for all businesses of ZD Group.

Encrypted payment gateway Alchemy Pay cooperates with ZD Group to share its four Hong Kong financial licenses

Analysis based on this information:

Alchemy Pay and Mouette Securities’ parent company, ZD Group, announced a strategic cooperation framework that includes ZD Group’s investment in Alchemy Pay and sharing four financial licenses authorized by the Hong Kong Securities and Futures Commission (SFC) and the Insurance Industry Regulatory Authority (IA). In return, Alchemy Pay promises to offer encrypted payment solutions for all businesses of ZD Group.

This partnership marks an exciting milestone in the financial world, where financial institutions start to embrace blockchain and decentralized payment solutions. With the cooperation between a payment gateway and a global investment fund’s parent company, it accelerates the process of legitimizing cryptocurrency payments and adoption worldwide.

One of the highlights of this cooperation is the sharing of four financial licenses. These licenses include Type 1 Regulated Activity (dealing in securities), Type 2 Regulated Activity (dealing in futures contracts), Type 4 Regulated Activity (advising on securities), Type 9 Regulated Activity (asset management). Having these licenses allows Alchemy Pay to expand its financial service offerings while maintaining compliance with Hong Kong’s regulatory requirements.

Moreover, ZD Group’s investment in Alchemy Pay strengthens the payment gateway’s position to speed up its expansion plans, with a focus on Southeast Asia, where cashless payment penetration is growing fast. The partnership allows Alchemy Pay to leverage ZD Group’s industry expertise and experience, and global network of connections, which is beneficial for business growth and scalability.

On the other hand, ZD Group’s decision to offer encrypted payment solutions across their businesses is a remarkable recognition of the potential of blockchain technology and its uses in the financial industry. This move is a signal that more traditional financial institutions are willing to adopt innovative payment options and serve a broader range of customers.

Overall, the Alchemy Pay and ZD Group partnership is a vital step in the legitimization and adoption of cryptocurrency payments worldwide. It showcases how financial institutions can leverage blockchain technology to expand their services and benefit from decentralized payment solutions.

In conclusion, this partnership amplifies the significance of both financial licensing and encrypted payment solutions in today’s world. The financial sector’s integration into the crypto market is expected to bring more growth opportunities and advantages for both traditional financial institutions and blockchain-based payment platforms.

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