Topic: WeChat and Crypto (Read 904 times)
Well, this is not surprising as WeChat is politically related so they will keep on disregarding cryptocurrency on it, even though aa lot of companies are now accepting cryptocurrency which results in having more users, we chat still do different thing and by that, they may lose some of their users because nowadays we are now really into cryptocurrency and a lot of people are now looking for some feature related to it.
they dont have choice than to aceed to what the government instructs. i hope the decisions will change later because this is typical of the chinese government to ban and unban crypto. merchants can get an alternative to this and migrate their activities to a decentralized place where you no one would ban you thats the essence of all this journey.
Wechat is the most popular messaging application in China, with a monthly user base of more than 1 billion people. Wechat was originally created as a messaging service, but now this application has turned into an application that has various features, a user can do anything, such as , pay, book flights, or call rides online, even though wechat is accepted in China, and the government is against crypto, for me it is not affected at all, because there are many other social media, and other messaging applications that crypto users can use. ..
Wechat is a large social network and they can control crypto-related content according to the policy of the Chinese government. They cannot prohibit users from using cryptocurrencies, they simply do not provide the function of receiving and sending electronic money.People around the world are still actively involved in cryptocurrency for its profitability and uniqueness. Prohibiting Wechat from discussing or providing crypto-related services has not affected the market as much as it has been so far.
Wechat is the most popular messaging application in China, with a monthly user base of more than 1 billion people. Wechat was originally created as a messaging service, but now this application has turned into an application that has various features, a user can do anything, such as , pay, book flights, or call rides online, even though wechat is accepted in China, and the government is against crypto, for me it is not affected at all, because there are many other social media, and other messaging applications that crypto users can use. ..
which wechat do I think is correct and quite reasonable.
bitcoin is decentralized while WeChat is central.
The government does not want their country's money out without supervision from the government.
bitcoin is decentralized while WeChat is central.
The government does not want their country's money out without supervision from the government.
when many large industries accept crypto, such as Facebook, Twitter, Samaung, Whatsapp. but other applications like WeChat choose to ban users from crypto trading. I see WeChat's decision will have a negative impact on the value of their quantity. because the world today is very enthusiastic about the crypto world.you can see this source https://www.coindesk.com/messaging-giant-wechat-bans-merchant-users-from-crypto-trading
What people need to understand is that the mass adoption of cryptocurrency and Bitcoin to be precise, do not really need the approval of these big companies and platforms. The nature of cryptocurrency will make it difficult for any centralized company or platform to accept the use and ideology of cryptocurrency and Bitcoin to be precise. People shouldn't be surprise when centralised companies and platforms make such remarks about cryptocurrency and Bitcoin.
I think Wechat banned cryptocurrency because of Chinese laws. Some of my friends in China say that Wechat is completely controlled by the Chinese government. So I'm not surprised that Wechat banned cryptocurrencies because the Chinese government didn't like the market and used almost every ban on it.
Putting Cryptocurrency wallets into mobile phones or social media applications will be a big breakthrough. I think they're waiting for the time they're not rushing for this move. They only made small trials. Now larger firms are stronger than the states.
You might to have lowest fees for and be regulation friendly
Original BitCoin does that compliant
It has already been implemented for sure, because I see, telegram is now allowing people to use it as a wallet for cryptocurrencies, in addition, putting this to other social media platforms will open up a milestone for achieving more cryptocurrency adoption, and in addition, will affect most of the price to grow up. Though, I see, WeChat is currently not allowing that to happen, that is because China has allot of regulation concerning their currency, including the limitation of it to be widely accepted.
when many large industries accept crypto, such as Facebook, Twitter, Samaung, Whatsapp. but other applications like WeChat choose to ban users from crypto trading. I see WeChat's decision will have a negative impact on the value of their quantity. because the world today is very enthusiastic about the crypto world.you can see this source https://www.coindesk.com/messaging-giant-wechat-bans-merchant-users-from-crypto-trading
Well, that’s the decision they have taken for themselves. If they don’t people to be trading cryptocurrencies on their platform there are still a lot of other chatting platforms that you can make use of, WeChat is not the only one there is. And btw, I don’t believe that them banning cryptocurrency trading will bring down their platform, there is possibly why they have done that, maybe you didn’t take your time to check it out.It might be that they are just doing it to protect their users from cryptocurrency scam. And I won’t lie there are lots of cryptocurrency scammers and I see a lot of them on social platforms like Twitter, so it’s things like this that are running everything.
Putting Cryptocurrency wallets into mobile phones or social media applications will be a big breakthrough. I think they're waiting for the time they're not rushing for this move. They only made small trials. Now larger firms are stronger than the states.
You might to have lowest fees for and be regulation friendly
Original BitCoin does that compliant
when many large industries accept crypto, such as Facebook, Twitter, Samaung, Whatsapp. but other applications like WeChat choose to ban users from crypto trading. I see WeChat's decision will have a negative impact on the value of their quantity. because the world today is very enthusiastic about the crypto world.you can see this source https://www.coindesk.com/messaging-giant-wechat-bans-merchant-users-from-crypto-trading
WeChat is based in China, and we all know that China doesn't support crypto trading, so the China politics might be reason why WeChat ban users from crypto trading.
Putting Cryptocurrency wallets into mobile phones or social media applications will be a big breakthrough. I think they're waiting for the time they're not rushing for this move. They only made small trials. Now larger firms are stronger than the states.
when many large industries accept crypto, such as Facebook, Twitter, Samaung, Whatsapp. but other applications like WeChat choose to ban users from crypto trading. I see WeChat's decision will have a negative impact on the value of their quantity. because the world today is very enthusiastic about the crypto world.you can see this source https://www.coindesk.com/messaging-giant-wechat-bans-merchant-users-from-crypto-trading
WeChat is based in China, and we all know that China doesn't support crypto trading, so the China politics might be reason why WeChat ban users from crypto trading. 
Facebook now has an older audience. People began to show more interest in social media networks such as Instagram or Twitter. They take a little more minimal approach. In this case, Facebook can make another move. Imagine a coin for whatsapp?
As far as I know, WeChat already uses CNY/RMB and is widely used by merchants in marketplaces as a platform to pay for goods. And such news doesn't surprise us much, since they must have been adhering to the law and memorandum of their government, which also opposes cryptocurrency. China clearly doesn't like decentralized systems after all.
I think eventually they will realize that they need crypto also. As then being part of the digital base market, they must or soon realize thay bitcoin is the digital currency they need. There are many chat platforms to choose from and they must be competitive with it as well.
We cannot push every company to accept cryptocurrency. It is already said that WeChat is dominant in China and maybe they're just afraid that accepting cryptocurrency might affect their business in China. Even if WeChat will ban users from trading crypto, it's not a loss for us and in crypto since there's a lot of big companies out there who accepted crypto. Probably they are just being careful with the country where they're doing well.
WeChat in my country is not very popular, even if they do not allow users to trade crypto would have less impact on crypto forward for community cryptocurrency already very large and also the name of cryptocurrency will never disappear if WeChat forbids even the act of WeChat this will be detrimental to their own because they do not make changes that make the user comfortable.
actually it is not entirely clear that transactions can only be made with centralized altcoins, which do not seem very useful to me, then it seems also that only Chinese users (from China ip/phone numbers) can open new accounts...
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