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Alipay And WeChat Pay May Be Assimilated By China’s Cryptocurrency

In a strange twist of fate, China Central Bank may be set to absorb WeChat Pay and Alipay. Cryptocurrency news today learned that Cindy Wang, an analyst working at DBS Group Research told the South China Morning Post that assimilation of WeChat Pay and Alipay was the only way forward for the China Central Bank to stay afloat. This would be a surprising move by China as the country has been a strong supporter of the ban on cryptocurrency.

Cryptocurrency News Today – Cryptocurrency Latest Update – China’s Cryptocurrency Poses Threat To Traditional Payment Systems

Cindy Wang went further to explain that China’s cryptocurrency asset could be the answer to taking businesses away from Alipay and WeChat Pay. This would help the flagging Central Bank of…

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