Financial Industry News
The announcement that the world’s top crypto exchange had opened two new fiat on-ramps for China was bullish for overall adoption prospects. However, as expected the pressure of Beijing has been too much for the platforms which have already stated they will not tolerate crypto payments. China Still Hates Crypto One hand gives and the […]
Continue ReadingIn what can only be described as a virtual slap in the face, the Chinese mobile payment platform, Alipay, strongly rebuked bitcoin exchange giant Binance for attempting to implement Alipay as a fiat on-ramp. Did Alipay Reverse Its Bitcoin Ban? New payment options for peer-to-peer (P2P) crypto trading on Binance’s mobile app came to fruition […]
Continue ReadingBinance is now accepting fiat through AliPay and WeChat, opening up the exchange to peer-to-peer (P2P) crypto transactions from China, following a September announcement concerning the exchanges intention to add over-the-counter (OTC) trade options for an additional fiat on-ramp. Although an expected development, the move was first disclosed on Twitter and later confirmed by Binance CEO […]
Continue ReadingBinance yesterday announced the Chinese launch of its P2P trading service, with the slug-line, ‘anything that makes it easier to get crypto’. One thing it didn’t announce, but head honcho, CZ, later confirmed on Twitter, was the addition of fiat on-ramps via WeChat and Alipay. Easier to get crypto, indeed. Binance Focuses on China Market The launch of […]
Continue ReadingChina’s internet giants appear unlikely to follow Facebook into the cryptocurrency space anytime soon – though you can be sure they’re paying attention. Pony Ma, the CEO of Tencent, the parent company of social messaging and payments app WeChat, said Wednesday that he thinks regulation will be the deciding factor for the success of Facebook’s Libra initiative. “The technology […]
Continue ReadingBy CCN: Always the optimist, Binance CEO Changpeng “CZ” Zhao sees a silver lining in the wake of WeChat’s recent ban on crypto trading activities. According to a tweet today by Dovey Wan, founding partner of Primitive Ventures, the Chinese social media company released an updated payment policy which states that it will terminate merchant […]
Continue ReadingTable of Contents Like a scene from an Orwellian nightmare, authorities in Shenzhen China show where the future of centralized cashless payments is headed. And it isn’t pretty. Centralized Cashless Payments in China China is known for its high rate of technology adoption. Of the 2 billion or so smartphones around the world, two-thirds of […]
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