Maybe they don't know that it is 2019 already?
Topic: WeChat and Crypto - page 3. (Read 943 times)
Since August last year, WeChat and Alibaba’s payment affiliate Ant Financial have both taken efforts to monitor and suspend user accounts that are suspected of being involved in crypto trading.
Maybe they don't know that it is 2019 already?
Maybe they don't know that it is 2019 already?
wechat is the most important messaging app in China, i believe it is used by so many people, if the merchants who work with the crypto will be banned from this platform i think they will migrate en masse to other apps ,telegram would be great in my opinion...
RelayX - Looks good
wechat is a limited market. China would use it anyways but the rest of the countries only for transactions with China. As the trading amount of transactions with asian part is increasing all exchanges may pay themselves...
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
I think this is related to the rampant coin offering fraud promotion so WeChat must be forced to take this step to protect other users. This also applies to Twitter and Facebook, and in the end Facebook is even weak and has Libra. So this possibility will not have too much impact on the market and will only be temporary
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You bet.
Wechat is not a social media platform. It's a government control platform using social media as the tool to do it. What the government wants and doesn't want Wechat obeys.
This is totally right since wechat is the Chinese whatsapp then it will be against bitcoin if china gob decides it, but at the same time, it's absurd, idk how the ban will work, but what will happen if two normal guys want to chat about bitcoin? will that conversation be illegal two? idk, this is absurd, humans need freedom.
Because Wechat is a well-known application or paid service in China. The reason they prohibit the existence of cryptocurrency because they do not want the involvement of trade using virtual currency as illegal transactions or money laundering. And another reason is because China does have strict regulations related to crypto.
I think it's really unfortunate a centralized company decided to write crypto off entirely. I can't wait until we have a decentralized app like wechat. i know Elixxir is one project in particular trying to do that
It will be worse for WeChat as there is a high number of groups of people that discuss crypto related themes on these platforms. There are ico, trading, investment, speculation, news groups. However, customers are not losing anything, as there are other options available. It will be bad only and exclusively for WeChat.
when many large industries accept crypto, such as Facebook, Twitter, Samaung, Whatsapp.
From all these large industries I think the only bitcoin friendly one is Samsung. 
I assume that you really hate every Chinese contribution to the crypto world. yes. the Chinese government has a decision to limit crypto trading activities. but. prohibiting crypto trading in an application is not a good idea. I believe. if crypto becomes an uptrend in the future. Each social media platform will adopt crypto trading to attract every user.
You bet.
Wechat is not a social media platform. It's a government control platform using social media as the tool to do it. What the government wants and doesn't want Wechat obeys.
#I see WeChat's decision will have a negative impact on the value of their quantity.
Wechat has the Chinese government completely inserted up its anus. It's one of the government's prime control and surveillance tools. I would amazed if it wasn't doing anything other than this.
It sounds like it's now basically indispensable for daily life there and no doubt they'll make its necessity even deeper. That's an ideal platform to deter crypto usage.
The more removed China is from crypto the better. Nothing good has come from its involvement.
Indeed will make WeChat less frequent to be used by new people / new bitcoin users.
It's just the way people feel, if limited they will avoid the limitless at all costs and try to go for a more open, liberty place.
They would rather had to think their approach and see how much WeChat could be using Cryptocurrencies.
yes. WeChat's popularity is inferior to the popularity of Facebook and WhatsApp. I think that WeChat is not ready because the quality and quantity of WeChat is very low in the public eye. so their main focus is not the crypto trade. but publishing WeChat to increase its popularity. It's just the way people feel, if limited they will avoid the limitless at all costs and try to go for a more open, liberty place.
They would rather had to think their approach and see how much WeChat could be using Cryptocurrencies.
messaging-giant-wechat-bans-merchant-users-from-crypto-trading
merchants who were accepting bitcoin must be introduced to the decentralized marketplace since they are already using a decentralized currency there is no reason to still continue to use centralized platforms anymore.
there already are good projects such as OpenBazaar (https://openbazaar.org/) available for their ease of use too.
Bitcoin and cryptos challenge one of the main features of weChat. A16 has a great article about how they dominate China street commerce.
https://a16z.com/2015/08/06/wechat-china-mobile-first/
https://a16z.com/2015/08/06/wechat-china-mobile-first/
Quote
At least one in five active WeChat users are set up for WeChat “Payments”, a process that begins in the Wallet menu by linking a banking or credit card to the user account. Being set up for WeChat Payments means instant, frictionless ability to transact on the WeChat Wallet services, all official accounts that sell products or services, and any associated promotions or campaigns.
#I see WeChat's decision will have a negative impact on the value of their quantity.
Wechat has the Chinese government completely inserted up its anus. It's one of the government's prime control and surveillance tools. I would amazed if it wasn't doing anything other than this.
It sounds like it's now basically indispensable for daily life there and no doubt they'll make its necessity even deeper. That's an ideal platform to deter crypto usage.
The more removed China is from crypto the better. Nothing good has come from its involvement.
Indeed will make WeChat less frequent to be used by new people / new bitcoin users.
It's just the way people feel, if limited they will avoid the limitless at all costs and try to go for a more open, liberty place.
They would rather had to think their approach and see how much WeChat could be using Cryptocurrencies.
It's just the way people feel, if limited they will avoid the limitless at all costs and try to go for a more open, liberty place.
They would rather had to think their approach and see how much WeChat could be using Cryptocurrencies.
I believe under China policy assets and monetary transactions through online is embraced, due to ease of data collection that's why WeChat is so good with their wallets and stuff. But crypto is another realm as they can be transacted cross border easily users somehow trade through WeChat wallets to buy/sell bitcoins but mask through something at least
The biggest user in WeChat is people from Chinese, so if WeChat were banning the users from cryptocurrency, they would lose benefits that their people can get.
They need to realize what impact the banning action on the cryptocurrency to themselves so they can consider canceling the banning itself.
And if that really happens, then I still sure there are many other countries which could give their supports to cryptocurrency because they were accepting cryptocurrency for their people.
And maybe for the Chinese country, that will be a downside for them as they cannot get the benefits from the cryptocurrency and people will lose the opportunity to get a better life.
They need to realize what impact the banning action on the cryptocurrency to themselves so they can consider canceling the banning itself.
And if that really happens, then I still sure there are many other countries which could give their supports to cryptocurrency because they were accepting cryptocurrency for their people.
And maybe for the Chinese country, that will be a downside for them as they cannot get the benefits from the cryptocurrency and people will lose the opportunity to get a better life.
It always amazed me how double the standard is. For example, China is the largest mining center for Bitcoin, but at the same time they want to prohibit the use of cryptocurrency via Wechat. Isn't that weird?
This is all due to the combination of traditional views on life and the desire to be ahead of other countries in modern technology. I don’t know how their restrictions actually work, but there is a chance that more users from there will start using other social networks, telegram maybe, and not just Wechat, which is still the most popular there.It always amazed me how double the standard is. For example, China is the largest mining center for Bitcoin, but at the same time they want to prohibit the use of cryptocurrency via Wechat. Isn't that weird?
This is all due to the combination of traditional views on life and the desire to be ahead of other countries in modern technology. I don’t know how their restrictions actually work, but there is a chance that more users from there will start using other social networks, telegram maybe, and not just Wechat, which is still the most popular there.Jump to: