1. PixelPlaygroundHome
  2. Blockchain Briefs

Why can’t you use Alipay to buy Matcha for USDT? Can Matcha Exchange use Alipay?

• Blockchain Briefs • 89 views

Why can\’t you use Alipay to buy USDT for Matcha? Original title: \”Why can\’t you

Why cant you use Alipay to buy Matcha for USDT? Can Matcha Exchange use Alipay?

Why can’t you use Alipay to buy USDT for Matcha? Original title: “Why can’t you use Alipay to buy USDT?” Author: Wang Ye

This issue edited by: ColinWu

Today, Matcha officially announced that, because USDT is a stable asset anchored to the value of the US dollar, it is necessary to choose mainstream digital currencies for purchasing. It is said that the price of USDT is nearly 30% higher than Bitcoin, while Ethereum is more than 60% lower. Even close to 70% of cryptocurrencies are used for international transfers and money laundering transactions (such as foreign exchange). This means that users need to exchange fiat currency for USDT to participate in such transactions. So let’s see if Alipay can be used to purchase USDT. Regarding this issue, the author has communicated with Alipay multiple times and stated that if you want to purchase a certain token or other project token through Alipay, you must report it to the customer service of the exchange.

Currently, there are mainly several payment channels on Alipay:

1. Purchase USDT through WeChat Pay; 2. Pay Alipay to a merchant. 3. Recharge or withdraw directly on third-party platforms; 4. Only accept cash without paying interest. 5. Complete foreign trade transactions within Alipay; 6. Alipay supports instant settlement between USDT and BTC without any handling fees. 7. Payment methods on third-party platforms include “credit card + Yu’ebao”, Alipay’s point system, etc. In addition to these, there are also some small interest-free products such as Lixiang Luohu discount coupons, cashback offers, offsetting remittance fees, etc.

Of course, in addition to the above three situations, there is also another reason: the use of smart contracts developed using Ant Blockchain technology. In other words, as long as you have an Alipay QR code, you can easily achieve the function of peer-to-peer real-time fund aggregation. The amount involved here may far exceed the application scenarios that Alipay itself can bear. However, for many ordinary users, this operation is not convenient, especially for those who want to experience better products and services. Because in this way, even novices who have just come into contact with blockchain can get good returns. However, not all Alipay users can obtain such benefits, but they will be able to see the authenticity behind these benefits, so they can know how to take advantage of this dividend and help themselves get through the long waiting period.

Can Matcha Exchange use Alipay?

Recently, Alipay’s official Weibo account announced that it will launch Matcha Exchange. Starting from December 1st, Alipay can be used for deposit and withdrawal on all platforms that support payment, including 9 mainstream trading platforms such as Bittrex and Coinbase. The funds have been officially transferred through the digital asset wallet app on the 11th.

It is reported that in addition to the 7 exchanges mentioned above, there are already several cryptocurrency trading platforms approved by the Japanese Financial Services Agency that provide fiat-to-crypto exchange services. Bitfinex is also working with local banks to launch its native token MXC.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24305/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/16/2023 11:56
Next 08/16/2023 12:19

Recommended articles