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crypto tether china
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crypto tether china
News

China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

Alipay and WeChat Pay the two dominant players in China’s online payments marketplace are all set to see tough competition from the country’s very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the

Bhushan Akolkar March 26, 2021

Alipay and WeChat Pay the two dominant players in China’s online payments marketplace are all set to see tough competition from the country’s very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the

Alipay
Blockchain News
Alipay
Blockchain News

Alipay Launches Blockchain Based Platform To Help Combat CoronaVirus

Alipay aims to tackle Coronavirus epidemic with a blockchain based information service platform. The platform enhances the traceability of medical supplies and equipment to fight n-Cov 2019. China turns focus to Bitcoin miners as virus spreads. Alipay launches a blockchain-based information protocol service to assist in tracking supplies that help combat Coronavirus (n-Cov 2019). According

Lujan Odera February 8, 2020

Alipay aims to tackle Coronavirus epidemic with a blockchain based information service platform. The platform enhances the traceability of medical supplies and equipment to fight n-Cov 2019. China turns focus to Bitcoin miners as virus spreads. Alipay launches a blockchain-based information protocol service to assist in tracking supplies that help combat Coronavirus (n-Cov 2019). According

Libra
Regulation News
Libra
Regulation News

Facebook Launches Payment Tool as its Crypto Plans with Libra Fail to see the light

Facebook announces the launch of  ‘Facebook Pay’ in a bid to finally enter the payments space. Facebook’s crypto project, Libra, seems to have fallen on its knees due to the regulatory resistance. Hence, as its vision of global payments and cryptocurrency are put on hold, the social media giant has initiated USD payments in the

Nivesh Rustgi November 13, 2019

Facebook announces the launch of  ‘Facebook Pay’ in a bid to finally enter the payments space. Facebook’s crypto project, Libra, seems to have fallen on its knees due to the regulatory resistance. Hence, as its vision of global payments and cryptocurrency are put on hold, the social media giant has initiated USD payments in the

Altcoin News
Altcoin News

Alipay Denounces Bitcoin Transactions After Binance Adds it into its Fiat Gateway

Chinese online payment platform, Alipay has been reported to decline transactions related to bitcoin and any other cryptocurrency. This was made official by the organization when it updated its official Twitter handle with the information. Alipay Declines Bitcoin Transactions According to Alipay’s Twitter post on Thursday, if any transaction relates to either bitcoin or any other

Dare Shonubi October 10, 2019

Chinese online payment platform, Alipay has been reported to decline transactions related to bitcoin and any other cryptocurrency. This was made official by the organization when it updated its official Twitter handle with the information. Alipay Declines Bitcoin Transactions According to Alipay’s Twitter post on Thursday, if any transaction relates to either bitcoin or any other

Binance
Altcoin News
Binance
Altcoin News

Binance Users Can Now Deposit Fiat With WeChat and AliPay

Binance platform is all set to add Alipay and Wechat pay to its fiat gateway.  Good News For Chinese Traders The announcement came through a screenshot posted by BitDeer Founder, Haiyi(Celine) Lu in which the Binance Founder, CZ was tagged. Interestingly, the latter responded with a “YES”.  The initiative is currently in a testing phase

Supriya Saxena October 9, 2019

Binance platform is all set to add Alipay and Wechat pay to its fiat gateway.  Good News For Chinese Traders The announcement came through a screenshot posted by BitDeer Founder, Haiyi(Celine) Lu in which the Binance Founder, CZ was tagged. Interestingly, the latter responded with a “YES”.  The initiative is currently in a testing phase

china central bank
Bitcoin News
china central bank
Bitcoin News

Tencent Denies Forbes’ Report on Involvement in Chinese State-Backed Crypto

Reportedly, the Chinese state-backed cryptocurrency project is due to for launch “in the coming months.” However, in a quick response on to the news on Forbes, a Chinese source confirm otherwise. According to a former employee of Bank of China, and now an independent researcher, Paul Schulte, China will initiate the cryptocurrency plans with seven

Nivesh Rustgi August 28, 2019

Reportedly, the Chinese state-backed cryptocurrency project is due to for launch “in the coming months.” However, in a quick response on to the news on Forbes, a Chinese source confirm otherwise. According to a former employee of Bank of China, and now an independent researcher, Paul Schulte, China will initiate the cryptocurrency plans with seven

China
Altcoin News
China
Altcoin News

Bitcoin Gets Rejected In China Again As Libra Is Compared To Alipay And Wechat Pay

China has once again shown pessimism on Bitcoin. This time, according to Globaltimes, bitcoin fell short of recognition amongst the likes of Libra, Alipay and Wechat Pay. China said a few good comments about Libra this week, and according to report, the country has considered it to be very similar to payment systems like their

Dare Shonubi August 25, 2019

China has once again shown pessimism on Bitcoin. This time, according to Globaltimes, bitcoin fell short of recognition amongst the likes of Libra, Alipay and Wechat Pay. China said a few good comments about Libra this week, and according to report, the country has considered it to be very similar to payment systems like their

Altcoin News
Altcoin News

Libra: Is Facebook Re-Branding China’s Online Payment Module as Cryptocurrency?

China is one of the leading countries when it comes to online payments. Reportedly, there are more than 580 million mobile payment users in China. Chinese citizens can even use WeChat to send or receive payment on their phones. This is essentially what Facebook is planning to achieve with its cryptocurrency, Libra. Money Market Fund

Nivesh Rustgi June 20, 2019

China is one of the leading countries when it comes to online payments. Reportedly, there are more than 580 million mobile payment users in China. Chinese citizens can even use WeChat to send or receive payment on their phones. This is essentially what Facebook is planning to achieve with its cryptocurrency, Libra. Money Market Fund

Bitcoin News
Bitcoin News

Alibaba’s Jack Ma believes Bitcoin and Blockchain to be key contributors to a Cashless Society

The Chinese regulatory crackdown on blockchain and cryptocurrencies hasn’t been able to fade away the interest of key people and companies in the country. One can easily say that as Jack Ma, the chairman of Alibaba and $150 billion China-based financial conglomerates Ant Financial, was quoted saying in his recent speech that he pays “special

Nilesh Maurya October 10, 2018

The Chinese regulatory crackdown on blockchain and cryptocurrencies hasn’t been able to fade away the interest of key people and companies in the country. One can easily say that as Jack Ma, the chairman of Alibaba and $150 billion China-based financial conglomerates Ant Financial, was quoted saying in his recent speech that he pays “special

alipay
Regulation News
alipay
Regulation News

Alipay Distances itself from Cryptocurrency as China’s Clampdown Intensifies Further

As the Chinese clampdown of cryptocurrencies has increased over past week, Alipay the largest payment application in China has come forward and has officially banned over-the-counter (OTC) Bitcoin trading, prohibiting traders from utilizing Alipay accounts to initiate digital asset trades. Alipay crumbles under regulatory pressure Ant Financial, a subsidiary of Alibaba, is the parent company

Sunil Sharma August 26, 2018

As the Chinese clampdown of cryptocurrencies has increased over past week, Alipay the largest payment application in China has come forward and has officially banned over-the-counter (OTC) Bitcoin trading, prohibiting traders from utilizing Alipay accounts to initiate digital asset trades. Alipay crumbles under regulatory pressure Ant Financial, a subsidiary of Alibaba, is the parent company

ant financial
Altcoin News
ant financial
Altcoin News

Ant Financial Enters Cross-border Remittance Market, A Threat to Ripple?

The financial arm of Alibaba Group, Ant Financial has officially entered into cross-border remittance market to offer cheaper and faster service. Does this mean Ripple will be facing competition from the industry giant? Alibaba’s affiliate Ant Financial going for faster & cheaper Alibaba’s financial arm, Ant Financial is introducing a blockchain technology based cross-border remittance

Anjali Tyagi June 25, 2018

The financial arm of Alibaba Group, Ant Financial has officially entered into cross-border remittance market to offer cheaper and faster service. Does this mean Ripple will be facing competition from the industry giant? Alibaba’s affiliate Ant Financial going for faster & cheaper Alibaba’s financial arm, Ant Financial is introducing a blockchain technology based cross-border remittance