Alipay Denies Crypto Trading Support After Peer Launches USDC Payment Feature

The post Alipay Denies Crypto Trading Support After Peer Launches USDC Payment Feature appeared first on Coinpedia Fintech News

A new USDC trading feature has put China’s payments giant Alipay in an awkward position. Peer, a decentralized crypto trading platform, says users can buy and sell the stablecoin using Chinese yuan payments, but Alipay has denied supporting crypto transactions.  The disagreement raises questions about how the feature works without the payment giant’s approval. Alipay …