<h2><b>Binance Exchange Accepts Fiat Currencies With Alipay and WebChat Pay</b><b> </b></h2>
<div dir="auto">In spite of the cracking down of <a href="https://www.bloomberg.com/news/articles/2019-09-10/why-china-s-rushing-to-mint-its-own-digital-currency-quicktake?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=dsa_apac&amp;gclid=Cj0KCQjwrfvsBRD7ARIsAKuDvMNWuL34rfIFqKZXzESOeb9gSd9hoZ4HqilEXC2mz9LmolSCO9JDOrYaAk8nEALw_wcB">digital currency in China</a>, the community still wants digital assets. Also, crypto-involved firms all over the globe are finding different routes to offer its population crypto trading. For that purpose, cheif digital currency exchange, Binance has started embracing fiat currencies via online payment service, Alipay and mobile messaging and payment application, WeChat Pay. CEO of Binance, Changpeng Zhao, confirmed the news in his recent tweet on Oct 9.</div>
<div dir="auto">Furthermore, Zhao made it clear to the audience that Binance is not directly involved with Alipay and WeChat Pay. Also said, peer to peer (P2P)  payment transaction service is still available to its customers.</div>
<h3><b>Acquire Crypto Via WeChat Pay and Alipay</b><b> </b></h3>
<div dir="auto">Previously, trading two years, trading in crypto has been really a difficult task for the traders in China. With the ban on crypto by Beijing, traders used chat groups to implement peer to peer(P2P) trading. The government went to the extreme level to crackdown these services too. Still, this action could not overcome the crave for crypto in China as expected.</div>
<div dir="auto">Now, the world's major exchange, Binance confirmed the acceptance of fiat currency with China's top online payment stages, Alipay and WebChat Pay.</div>
<div dir="auto">Alipay and WeChat's collaboration could have a huge impact on the crypto industry.</div>
<div dir="auto">Alipay has a billion customers around the world as per the official international website information. And <a href="https://www.cryptoknowmics.com/crypto/wechat-joins-vechains-digital-carbon-ecosystem-by-launching-qingtanhui-life-program/">WeChat</a> pay is not left behind in the race, it also contains approx 900 million users. This way fiat currency service will be provided to almost a third of the globe.</div>
<div dir="auto">The people in China who use one of the platforms now will have a complete approach to cryptocurrency. But, the government statement in response to this move is yet to come.</div>
<div dir="auto">On Oct 7, Binance also declared the beginning of the eighth phase of its lending product. And the subscription duration will be from Oct 10 to Nov 10, while interest will be paid as soon as the term matures.</div>
<div dir="auto"></div>

Binance Exchange Accepts Fiat Currencies With Alipay and WebChat Pay

Top Picks