Announced recently, Singapore based crypto payment solution provider is now supporting BNB, the native token of the largest crypto exchange Binance. 

Currently standing with 1.33 percent positive mark on the ninth-largest spot, BNB is impressing its holders. At the time of reporting this, the token is trading at the value of $24 against USD showing the market capitalization of $361.03 million. Noticeably, the price surge is quite common among other altcoins as well, with Tezos (XTZ) taking the lead in the top 10 cryptos. 

What’s more interesting with BNB is that Singapore’s leading crypto payment technology provider, Alchemy recently announced BNB payment integration. The firm took to twitter and announced that they have finally rolled trial of BNB payment in Singapore. It continued that the payment in terms of BNB token will “continue to generate into more countries and regions in the future”. 

Undeniably, the announcement excited the Binance team, infact, Binance boss Changpeng Zhao (CZ) cheered upon integration. More so, CZ took to twitter and wrote: “BNB having strong partners for adoption”. It’s worth noting that the news comes in the wake of Binance’s request to receive a “new operating license” in Singapore. With respect to the newly implemented payment services Act (PSA). By the country's top financial agency, the Monetary Authority of Singapore (MAS), every financial entity including crypto exchanges has to gain the “operating license in Singapore” to continue to run business. 

There’s no doubt that Singapore is becoming the hub for crypto and blockchain projects and this being said, Binance never leaves a chance to leave its mark. More so, Binance CEO often encourage the collaboration and partnership with the regulators of respective countries and concerning the similar note, CZ said:

“We have already applied. We applied pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.”