Cryptocurrency exchange Binance is planning to add two payment systems – WeChat and Alipay, which will allow users in China to buy BTC with two payment options.
Buying BTC through WeChat and Alipay
CEO of Binance Changpeng Zhao confirmed this decision on Twitter on Wednesday.
It is reported that the addition is currently being tested for Android users and will eventually be fully developed for iOS and the web.
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China’s central bank, the People's Bank of China (PBoC), officially banned cryptocurrency exchanges in 2017. However, Chinese people can still buy Bitcoin through peer-to-peer (P2P) platforms or through OTC.
On September 26, Binance unveiled its new cryptocurrency platform. Now, the site promises support for eight assets: NEO, ONT, VET, XLM, KMD, ALGO, QTUM, and STRAT.