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Macro · Fintech
Hong Kong launches its first encrypted currency payment platform
CKN
2018/12/19 09:28:34
4,721
China Financial News, China News, Hong Kong, currency, CSPay

Dec 19, 2018 (China Knowledge) - After the Hong Kong Securities Regulatory Commission announced the incorporation of virtual assets into regulation, Hong Kong's encrypted currency application ecosphere continued to enrich.

The third-party encrypted currency payment platform CSPay officially entered the Hong Kong market yesterday. At the launch meeting of the platform Liang Weihan, founder of CSPay said that with the popularity of encrypted currency, transaction costs would be greatly reduced, making encrypted currency no longer limited to digital assets and investment tools on the books.

CSPay is now available for free download from Apple Store and Google Play, which collects electronic wallets, trading platforms and payment functions. Compared with other third-party payment platforms, the platform only accepts encrypted currency recharge, while the encrypted currency holders can easily pay by installing the App on their mobile phone. At the same time, Hong Kong users can use credit cards to purchase Bitcoin directly on the platform in the future.

It is reported that CSPay has covered six markets in the Asia-Pacific region, including Mainland China, Hong Kong, Macao, Japan and South Korea. It is reported that merchants do not need to add any new hardware. They can use the existing POS machine or QR code to accept encrypted currency payment; which will be converted into legal currency in time, thus effectively avoiding the risk of sharp fluctuations in the price of digital currency.

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