Chinese Binance users can now buy Bitcoin through WeChat and Alipay, the CEO of the Exchange, Changpeng Zhao populary called “CZ”, has confirmed via his Twitter handle.
The announcement comes hours after the CEO declared it Binance has launched a P2P trading in China, giving access to 1.4 billion Chinese people.
For Now, NewsLogical can attest that the integration is already showing on Android app, but that of iOS and Web are still in the making.
While the integration of WeChat and Alipay are being tested at the moment, CZ confirmed that the two solutions have been integrated already.
What is surprising is that WeChat had in the past threatened to ban users dealing in cryptocurrency trading, the same thing with Alipay. The two platforms frown at crypto trading.
It is not clear what moves Binance has made since cryptocurrency trading has been declared illegal in China since 2017, coupled with the stands of WeChat and AliPay on Cryptocurrency.
Although, locals in China have access to Bitcoin but do not have an institutionalized means of buying save for the peer-to-peer (P2P) and over-the-counter methods used by the citizens.
Binance’ P2P platform does not only support Bitcoin, the platform as well support Tether (USDT) and Ethereum (ETH).
Note that only accounts created over 30 days ago have access to the P2P trading on the Binance Android app for access to this service.
Meanwhile, clarification from CZ, indicates that Binance “is not working directly with WeChat or Alipay”, but users can use the two payment solutions in P2P transactions.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.