Binance Users Can Now Trade Fiat To Crypto Using Alipay and WeChat
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Binance users can now use Alipay and WeChat for P2P trading fiat crypto on the exchange. This has opened the exchange to peer-to-peer crypto transactions in China.
Last September they announced that the exchanges intention to add over the counter (OTC) trade option for an additional fiat on-ramp.
This announcement was first seen on Twitter and then confirmed by Binance CEO, Changpeng Zhao. Right now, bitcoin for fiat trades are only available.
Moreover, there were some confusions that happened earlier regarding the tweet. CZ had to clarify that Binance is not working directly with WeChat or Alipay.
WeChat is one of the largest social media applications and has over 1.1 billion users globally. And as per China Daily, Alipay has over 900 million user as well.
