A feature request for Photoshop to catch up with the rest of the world and add a "color to alpha" toggle like GIMP and Krita have.
A menu would pop up where you can select a hex code (similar to Replace a Color). Wherever this color is found would become transparent, and where it's partially found, it would become partially transparent. Maybe a fuzziness toggle.
See extensive discussion about this here:
https://community.adobe.com/t5/photoshop-ecosystem-discussions/photoshop-needs-quot-color-to-alpha-q...