Binance starts accepting fiat payments through Alipay, WeChat

Binance added support for popular payment applications Alipay (over 1.1 billion users) and WeChat (over 900 million users), enabling users in China to engage in peer-to-peer (P2P) transactions through the exchange. According to CoinDesk, only Bitcoin ($BTC)-to-fiat trades are available at the moment. While crypto exchanges are banned from offering services within China, Chinese citizens can still purchase cryptocurrencies via P2P platforms or over-the-counter (OTC) trading desks.