How will China’s bitcoin is a small attempt to keep the BTC Immediately

by

Bitcoin is little more than a decade, and during that period of time there are many – but also a lot of opponents have risen from the dead. One of the biggest and strongest of opponents, it is the second largest economy in the world and in China.
Earlier this year, was announced by the People’s Bank of China (PBOC) announced that it is the access to all of the domestic and the international cryptocurrency exchanges and OIC web sites would be blocked.” According to the official explanation of China’s foreign crypto exchanges would ban the trade in order to keep up.
But now that China seems to have a different strategy is to want to use it: the fight of the transaction.

Contents

Alipay and WeChat don’t support bitcoin transactions

This week, there was a great commotion in cryptoland, and, as usual, to play out on Twitter. The Chinese giants Alipay and WeChat are talking to them bitcointransacties to support it.
Huh? Four days ago it was announced that Binance with a new service. P2P trading in the Chinese yuan and the ETH zurich, the BTC and the USDT. Shortly after this announcement, I asked a twitterer to Binance CEO, Changpeng Zhao if this meant that Chinese merchants in the message hub WeChat, and also the e-payment platform Alipay can be used to make a deposit, in which His confidently responded with a “YES”.
Of course, this was in the crypto-community to be excited because these two platforms have billions of users in China. A boon for the adoption of bitcoin.
The joy, however, was short-lived. Alipay responded quickly to the tweet of His with a harsh, ” NO.”

She stated that she reports to have received, in which it was said that Alipay is being used for bitcoin transactions. Alipay has noted that these transactions are closely monitored, to keep track of.
A spokesperson for Alipay, Vick, Li Wei:
“Alipay will follow closely the over-the-counter transactions to the irregular behavior and to identify and ensure compliance with the relevant rules and regulations. When transactions are identified that are related to bitcoin or other virtual currencies, it will stop immediately and the relevant payment services.”
Dovey Wan Primitive Ventures have provided further insights on twitter. Wan suggests that, in this step, WeChat, and Alipay could be due to pressure from the Chinese government.

In another tweet, and translates the Wan notification of WeChat in the local language.

The risk of a Balance

That Facebook Libra announced it, was fuel to the fire. The fear is that the Balance posed a threat to the Renminbi and, to the monetary sovereignty of China, the People’s Bank of China (PBoC), there is a place for them to move to the development of their own digital currency to speed things up.
All of the limitations of WeChat and Alipay could be due to the fact that, in China, the competition will turn it off. Not coincidentally wants to be and the PBoC have their digital currency, to make available, through platforms such as Alipay, WeChat, and Tencent.

It’s the end of the dollar?

Brad Garlinghouse, from Ripple to believe that China is a digital currency that is the United States of america. Garlinghouse recommends that the U.s. government is to have the balls to show their own digital currency to build up or to take the risk to find out is to walk away. He thinks that if China is up, and the role of the dollar as the global reserve currency is played out.
In short, China is not at all interested in the future viability of bitcoin, but see the potential of the technology.

Cryptocurrency Market