Bitcoin 

Binance Starts Accepting Fiat Currencies Through Alipay and WeChat

Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao (CZ) confirmed in a tweet on Oct. 9. Zhao was quick to clarify that, while it is accepting fiat through the aforementioned services, it is not working directly with WeChat or Alipay. Zhao noted that users are still able to use them for peer-to-peer transactions.  The move follows the implementation of Binance’s peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan…

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Bitcoin 

WeChat Merchants Banned From Crypto Payments

On May 7, Dovey Wan, founding partner of crypto investment firm Primitive Ventures tweeted that the Chinese social media behemoth and payment service provider WeChat is set to ban merchants from making cryptocurrency payments. This ban marks the latest effort to stymie cryptocurrency usage in China, with the government also mulling over ways of greatly decreasing the presence of crypto mining on its soil. WeChat bans crypto payments A rough translation of the Payment Service Protocol found on weixin.qq.com indicates that the ban is a result of changes regarding payment…

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Bitcoin 

Chinese Social Media Giant WeChat Bans Crypto Transactions in Its Payment Policy

Chinese social media giant and payment service provider WeChat banned cryptocurrency transactions in its payments policy. Dovey Wan, founding partner of crypto investment firm Primitive, tweeted the news on May 7. The tweet contained a screenshot of the policy changes, which intimates that users who engage in cryptocurrency trading will have their accounts terminated. Wan expressed concern that since most over-the-counter transactions are happening in WeChat, “this may impact local liquidity to quite some extent.” WeChat is a popular messaging and payments service provider in China, also featuring game integrations.…

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