Alipay Fires Back At Binance’s CZ, Will Stop Bitcoin Transactions

Yesterday the majority of cryptocurrency media outlets reported broadly on the fact that Binance, the world’s leading cryptocurrency exchange, allows people to buy Bitcoin peer-to-peer through on-ramps on Binance. When asked, Zhao confirmed that people can use Wechat and Alipay to do so. Almost immediately after that, however, Alipay came up with a complete refute of this statement, saying that it monitors transactions and blocks all those which are related to cryptocurrencies.

Spreading Like Wildfire

Binance announced yesterday that it has launched P2P trading functionality for ETH, BTC, and USDT available for trading against the Chinese Yuan. Initially, the access should be provided to Android users but Binance said that they are working on rolling out the service for iOS users as well.

Not long after that, people took it to Twitter to ask Changpeng Zhao, the CEO at Binance, whether or not this means that they can now use Alipay and Wechat to do so.

Zhao confirmed on Twitter:

'Is #Binance now accepting fiat on-ramp with #Alipay and #Wechat pay? Exciting news... would love for someone to confirm. @cz_binance' Read More...

#Binance #AliPay #WeChat