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One of the biggest exchanges in the world (Binance) has started to accept fiat currencies through Alipay and WeChat according to    CEO Changpeng Zhao (aka CZ) who  confirmed the news on Twitter.

Zhao was very  quick to  clarify  that, while it is accepting payments through the two Chinese  services, the company are not working directly with WeChat or Alipay. He then noted that users are still able to use them for peer-to-peer transactions.

The move comes after the  implementation  of the companies peer-to-peer trading for Bitcoin, Ethereum  and Tether  against the Chinese yuan  which started earlier today.

This is not the only new news that has come from Binance recently as the company confirmed a new lending product which will be available on a first come first serve basis. The subscription service starts tomorrow and will end on 10th November with the interest payments going to the users on the end of the term. The company have also rolled out their new market maker program which targets  users whose monthly trading volumes exceed 1,000 BTC.  

It looks like there are big things going on at Binance and they need to do this to keep up with the market and ensure the growth trajectory continues.