Alipay: Customers Cannot Use Us for Crypto Payments

shutterstock 342114689 china fist control 800x600

As China continues its long fight against bitcoin and cryptocurrencies, a new step has been taken. Alipay, owned by Alibaba, has announced on Twitter that it will be discontinuing all BTC and crypto payments from here on out. Alipay: No Crypto Use, Please There has been serious confusion as of late given that Binance, the largest and most popular cryptocurrency exchange by market cap, has allegedly joined hands with Alipay. When a Twitter user asked if Binance was allowing fiat-to-crypto transactions through Alipay, the person was responded to with a “yes.” Unfortunately, just a short time later, Alipay got in the mix and issued a “no” to the user, saying that digital currency transactions would not be allowed on its platform. China has been consistently targeting crypto businesses and exchanges for the past several years, with the country initially banning all foreign trading platforms and initial coin offerings (ICOs). Things…

Read the original article here