WeChat and Crypto

[heidikim]

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.

[Boov]

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.

And also I think that the china disourages their people for using cryptocurrencies that's why their government banned the cryptocurrencies because it will be a hindrance from their own coin. I heard from the news and I read from another thread or forum that the china will release their cryptocurrency coin which is yuan this 2020.

[hv_]

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

[SquallLeonhart]

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.

[Debonaire217]

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.

[killerfrost]

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.

[Youghoor]

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.

[Cimmy_revenger]

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.

[ropyu1978]

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. ..

[int03h]

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.

[hv_]

on the old original Bitcoin protocol

https://www.youtube.com/watch?v=d_jb2U7q-Os

[Tomiwa_akin]

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.

[Alucard1]

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.