CZ Promises Alipay Will Be Biggest Crypto Gateway, Alipay Denies

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Summary

In a recent announcement from the CEO of Binance, Changpeng ZHAO, the largest payment gateway in China, Alipay would be the biggest crypto payment gateway in the future. Zhao mentioned multiple times that the exchange of fiat to crypto is still possible to be facilitated on Alipay despite the Chinese regulations on cryptocurrencies. However, according to a recent statement from Alipay, the company is not planning on implementing any kind of support for crypto exchanges that sell cryptos in exchange for fiat currencies. Image courtesy of Smart Shanghai Read the best crypto news analysis here! bitnewstoday.com Bitcoin, investments, regulation and other cryptocurrencies Found a mistake? The company mentioned that they monitor the transactions happening on their platforms very closely and deny any and all that have some remote connection to cryptocurrencies per the Chinese regulation.

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In a recent announcement from the CEO of Binance, Changpeng ZHAO, the largest payment gateway in China, Alipay would be the biggest crypto payment gateway in the future. Zhao mentioned multiple times that the exchange of fiat to crypto is still possible to be facilitated on Alipay despite the Chinese regulations on cryptocurrencies.

However, according to a recent statement from Alipay, the company is not planning on implementing any kind of support for crypto exchanges that sell cryptos in exchange for fiat currencies. The company mentioned that they monitor the transactions happening on their platforms very closely and deny any and all that have some remote connection to...

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