{"id":390272,"date":"2019-07-18T12:00:33","date_gmt":"2019-07-18T12:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=390272"},"modified":"2019-07-18T09:32:36","modified_gmt":"2019-07-18T09:32:36","slug":"libra-vs-alipay-wechat-trending-high-on-chinese-search-engine","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/libra-vs-alipay-wechat-trending-high-on-chinese-search-engine\/","title":{"rendered":"‘Libra vs Alipay, WeChat’ Trending High on Chinese Search Engine"},"content":{"rendered":"
Since Facebook announced its new cryptocurrency “Libra<\/a>,” it has faced resistance from global regulators and financial sectors. The People’s Bank of China, which in 2017 banned the use and trading of cryptocurrencies, has also expressed skepticism, believing that the US-controlled digital currency would circumvent its financial sovereignty.<\/p>\n But that is not stopping consumers in China from exploring Libra’s potential against leading regional payment services like WeChat and Alipay. Crypto news portal cnLedger reports that the keyword ‘Libra will compete with Alipay and WeChat’ is trending on the number 2 position on Weibo, China’s equivalent to Google.<\/p>\n China is paying attention – "Libra will compete with Alipay and WeChat" is now the 2nd hottest search on Weibo (Chinese Twitter). pic.twitter.com\/nsMJ4kvHvC<\/a><\/p>\n — cnLedger (@cnLedger) July 18, 2019<\/a><\/p><\/blockquote>\n\n