A few hours ago, Alipay denied via Twitter yesterday’s news whereby Binance, with great enthusiasm, announced that it could allow the purchase of bitcoin (BTC) through some applications such as WeChat and Alipay.
NO, you cannot. https://t.co/J0YMTz3FZW
— Alipay (@Alipay) October 10, 2019
In response, Alipay has begun to monitor bitcoin transactions, especially OTC (Over The Counter) transactions, to identify suspicious or fraudulent behaviour with respect to current legislation.
Yesterday’s news was quite important for Binance precisely because it finally allowed the Chinese to buy bitcoin (BTC) almost directly, by using a Chinese application and thus to circumvent the ban imposed by the government.
Obviously, after Alipay’s denial, Binance’s CEO, Changpeng Zhao, tried to clarify the fake news, saying that there was just confusion surrounding the news: Binance is not working directly with WeChat or Alipay, but the apps are P2P (Peer-to-peer) and, as such, they allow all users to interact and buy and sell assets.
Moreover, during the previous days, the P2P trading platform was also launched, precisely to put in direct contact the sellers with the buyers of the relative assets, namely bitcoin (BTC), ethereum (ETH), Tether (USDT) and also the Chinese yuan (CNY).
There were, of course, many comments on Twitter from the various haters who wrote several posts pointing out that, in just one day, Binance altered the facts.
— TheRandomOneReturns ⚡️💫🌏 (@TheRandomOne18) October 10, 2019