Binance, an Asian based cryptocurrency exchange is undoubtedly one of the biggest cryptocurrency exchanges available in the cryptosphere today. Its centralized exchange operations are backed by technologies that have not only made it a go-to trading platform but has also built trust in terms of ease of use. In light of advancing the company’s market … Continue reading Binance Now Accepts Fiat Payments Through Alipay and WeChat
Mu Changchun, the Director-General of the Institute of Digital Currency of China’s central bank, People’s Bank of China, spoke at one of the panels at the Singapore Fintech Festival held at the Singapore Expo on Nov. 12 regarding the future of digital currencies. Mu made a comment regarding China’s central bank digital currency (CBDC), also … Continue reading China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant
With the novel coronavirus infecting more than 75,000 people around the world, and with the majority of the Chinese population in the Hubei province infected, authorities in the nation decided to track everyone who bought fever medicine in the province. Provincial officials have taken measures to grasp tighter measures to better control the outbreak, as the situation … Continue reading WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments
The People’s Bank of China (PBOC) has urged the country’s top antitrust agency, the State Council Information Office of China to probe the market dominance of Alipay and WeChat Pay in the payment service sector. The two payment giants have the majority share of China’s cashless payment scene as reported by Reuters. The Chinese mobile … Continue reading China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay
The People’s Bank of China through the use of its proposed Digital Currency Electronic Payment DCEP system aims to tackle the dominance of WeChat Pay and Alipay in the nation’s digital payment ecosystem. The news was reported days after the People’s Bank of China urged the nation’s top antitrust agency to probe the dominance of … Continue reading Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan
President Donald Trump’s administration will ban social music video sensation TikTok from the United States app stores, making it unavailable for download. The Trump Administration’s ban of TikTok which was made known by the US Department of Commerce is also accompanied by the ban of WeChat, another Chinese-owned social app that is operational in the … Continue reading TikTok and WeChat Get Banned From United States App Stores
President Donald Trump approved the TikTok deal that Oracle and Chinese parent company ByteDance have been working on all week, steering the video-sharing platform clear from its scheduled app store ban set for September 20. The US Department of Commerce had announced that both WeChat and TikTok would be prohibited from operating in the US … Continue reading President Donald Trump Approves Oracle Deal, Ban Averted for TikTok but not WeChat
China’s central bank digital currency (CBDC) also known as the Digital Currency Electronic Payment (DCEP) will not compete with China’s digital payment giants WeChat and AliPay according to a prominent CBDC researcher. The clarification was made by Mu Changchun, Head of the Central Bank’s Digital Currency Research Institute who noted that there is no basis for any competition … Continue reading China's DCEP Will Not Compete With WeChat and AliPay
WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said. The move by Tencent comes at a time when the Chinese government plans to test its digital yuan around Olympic venues next month when the Games begin. From the perspective of Tencent, whose business strategy … Continue reading WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games
China’s WeChat, the Tencent-backed social messaging platform, has announced its plans in an indirect manner to crack down on accounts on the platform that are linked to digital currencies and Non-Fungible Tokens (NFTs). As first pointed out by an independent crypto journalist, Colin Wu, the social media giant has updated the terms of its usage, … Continue reading WeChat to Ban Crypto and NFT-Linked Accounts, following Updated Terms of Use