Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao confirmed in a tweet on Oct. 9.
Zhao was quick to clarify that, while it is accepting fiat through the aforementioned services, it is not working directly with WeChat or Alipay.
Zhao noted that users are still able to use them for peer-to-peer transactions.
The move follows the implementation of Binance's peer-to-peer trading for Bitcoin, Ether and Tether against the Chinese yuan earlier today.
The service will be initially available to Android users who already have Binance accounts registered for at least 30 days, with subsequent support for iOS. On Oct. 7, the exchange also announced the launch of the eighth phase of its lending product.
Subscribers will be accepted on a first-come, first-served basis.
The subscription period begins on Oct. 10 and ends on Nov. 10, while interest will be paid immediately after the term matures.
Binance's new market maker program launched in late September, targeting users whose monthly trading volumes exceed 1,000 BTC - or can reach such volumes - and who also have quality market-making strategies.
That same month, the exchange rolled out a dedicated staking platform, enabling users to deposit their token holdings and earn staking rewards, but without having to set up their own nodes to fulfill minimum staking amounts and/or time lengths.
Binance Starts Accepting Fiat Currencies Through Alipay and WeChat
Publicado en Oct 9, 2019
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.