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Alipay Swoops to Curb Bitcoin (BTC) Dealing Again

Published 10/11/2019, 05:54 AM
Updated 10/11/2019, 07:01 AM
© Reuters.   Alipay Swoops to Curb Bitcoin (BTC) Dealing Again

Alipay does not want to play cryptocurrencies. The payment service, an offshoot of the Alibaba (NYSE:BABA) brand, swooped in to ban all transactions related to Bitcoin (BTC) or other crypto purchases. The ban arrived just a day after social media actually rejoiced on the new opportunity.

https://twitter.com/celinelu7/status/1181857104115535872

The availability of Alipay and WeChat payment services for purchases was even corroborated by Changpeng “CZ” Zhao, the CEO of Binance. The news came as a surprise, given the strict stance of the Chinese government on exchanging crypto coins for fiat.

https://twitter.com/celinelu7/status/11818571041...

This article appeared first on Cryptovest

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