Chinese payments giants Alipay and WeChat Pay reaffirmed their negative stance on crypto trading on Thursday, making things a little bit awkward for Binance CEO Changpeng Zhao.
The move follows news that Binance, one of the world’s largest cryptocurrency exchanges, had begun accepting fiat currencies through Alipay and WeChat Pay. Zhao went on to confirm this on Twitter, but Alibaba-backed Alipay had other things to say:
NO, you cannot. https://t.co/J0YMTz3FZW
— Alipay (@Alipay) October 10, 2019
The company continued that if it identifies any transactions as bitcoin-or crypto-related, Alipay will automatically shut the deal down.
Not to be outshined, WeChat Pay posted this later in the day:
wechat pay also followed up with an announcement to reassure “wechat will never support cryptocurrencies trading, and has never integrated with any crypto merchant
— Dovey Wan 🗝 🦖 (@DoveyWan) October 10, 2019
And it says “we welcome any whistle blower to report such behavior” 🤯🤯🤯 pic.twitter.com/Kj4HTupkKZ
For his part, Binance CEO Changpeng Zhao addressed the confusion by saying that Binance is not working directly with the two companies, but added that users would still be able to use them for P2P payment transactions. “Still not a small feat,” Zhao said. “But words/meaning get twisted as they are passed around.”
Photo: BTC Keychain
