at the 2025 PayPal China Cross-border E-commerce Conference held in Shenzhen this afternoon, Su Lei, Sales Director of PayPal China, and Tony Yu, Senior Manager and Head of the China Technical Integration Partner Team at PayPal, said in an interview with Caixin Media that they will soon enable scan-to-pay functionality with WeChat Pay through PayPal World by the end of this year (meaning PayPal users can pay by scanning WeChat Pay QR codes), thus achieving interoperability in the field of cross-border payments. When asked if they will cooperate with other Chinese domestic payment companies besides WeChat Pay, the above-mentioned individuals stated, "We have always maintained an open attitude in selecting partners."
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
PayPal said it will be able to implement QR code payment with WeChat Pay as early as the fourth quarter of this year
-
Wechat scan to share
Recommended for you
-
American Bitcoin's Bitcoin reserves have increased by approximately 623 BTC in the past 7 days, bringing its current holdings to 4941 BTC.
Emmett Gallic, a blockchain analyst who previously disclosed and analyzed the "1011 insider whale," posted on the X platform revealing updated data on the Bitcoin reserves of American Bitcoin, a crypto mining company supported by the Trump family. In the past seven days, they increased their holdings by about 623 BTC, of which approximately 80 BTC came from mining income and 542 BTC from strategic acquisitions in the open market. Currently, their total Bitcoin holdings have risen to 4,941 BTC, with a current market value of about 450 million USD. -
The US spot Ethereum ETF saw a net outflow of $19.4 million yesterday.
according to TraderT monitoring, the US spot Ethereum ETF had a net outflow of 19.4 million USD yesterday. -
Listed companies, governments, ETFs, and exchanges collectively hold 5.94 million Bitcoins, representing 29.8% of the circulating supply.
Glassnode analyzed the holdings of major types of Bitcoin holders as follows: Listed companies: about 1.07 million bitcoins, government agencies: about 620,000 bitcoins, US spot ETFs: about 1.31 million bitcoins, exchanges: about 2.94 million bitcoins. These institutions collectively hold about 5.94 million bitcoins, accounting for approximately 29.8% of the circulating supply, highlighting the trend of liquidity increasingly concentrating in institutions and custodians. -
The Bank of Japan is reportedly planning further interest rate hikes; some officials believe the neutral interest rate will be higher than 1%.
according to insiders, Bank of Japan officials believe that before the current rate hike cycle ends, interest rates are likely to rise above 0.75%, indicating that there may be more rate hikes after next week's increase. These insiders said that officials believe that even if rates rise to 0.75%, the Bank of Japan has not yet reached the neutral interest rate level. Some officials already consider 1% to still be below the neutral interest rate level. Insiders stated that even if the Bank of Japan updates its neutral rate estimates based on the latest data, it currently does not believe that this range will significantly narrow. Currently, the Bank of Japan's estimate for the nominal neutral interest rate range is about 1% to 2.5%. Insiders said that Bank of Japan officials also believe there may be errors in the upper and lower limits of this range itself. (Golden Ten) -
OKX: Platform users can earn up to 4.10% annualized return by holding USDG.
According to the official announcement, from 00:00 on December 11, 2025 to 00:00 on January 11, 2026 (UTC+8), users holding USDG in their OKX funding, trading, and lending accounts can automatically earn an annualized yield of up to 4.10% provided by the OKX platform, with the ability to withdraw or use it at any time, allowing both trading and wealth management simultaneously. Users can check their earnings anytime through the OKX APP (version 6.136.10 and above) - Assets - by clicking on USDG. Moving forward, the platform will continue to expand the application of USDG in more trading and wealth management scenarios. -
The Federal Reserve will begin its Reserve Management Purchase (RMP) program today, purchasing $40 billion in Treasury bonds per month.
according to the Federal Reserve Open Market Committee's decision on December 10, the Federal Reserve will start implementing the Reserve Management Purchase (RMP) program from December 12, purchasing a total of $40 billion in short-term Treasury securities in the secondary market. -
Bitcoin treasury company Strategy's daily transaction volume has now surpassed that of payment giant Visa.
according to market sources: the daily trading volume of Bitcoin treasury company Strategy (MSTR) has now surpassed the payment giant Visa. -
The US spot Bitcoin ETF saw a net outflow of $78.35 million yesterday.
according to Trader T's monitoring, the US spot Bitcoin ETF had a net outflow of $78.35 million yesterday. -
JPMorgan Chase issues Galaxy short-term bonds on Solana network
JPMorgan arranged and created, distributed, and settled a short-term bond on the Solana blockchain for Galaxy Digital Holdings LP, as part of efforts to enhance financial market efficiency using underlying cryptocurrency technology. -
HSBC expects the Federal Reserve to refrain from cutting interest rates for the next two years.
HSBC Securities predicts the Federal Reserve will maintain interest rates stable at the 3.5%-3.75% range set on Wednesday for the next two years. Previously, Federal Reserve policymakers lowered rates by 25 basis points with a split vote. The institution's U.S. economist Ryan Wang pointed out in a report on December 10 that Federal Reserve Chairman Jerome Powell was "open to the question of whether and when to further cut rates at next year's FOMC press conference." "We believe the FOMC will keep the federal funds rate target range unchanged at 3.50%-3.75% throughout 2026 and 2027, but as the economy evolves, as in the past, it is always necessary to pay close attention to the significant two-way risks facing this outlook."
Daily Must-Read
-
Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
-
Coinbase CEO Armstrong Says Banks That Don't Adapt Stablecoin Will be 'Left Behind'
-
DeFi Giant Spark Shelves Crypto App Plans to Focus on Institutional Infrastructure
-
Saylor shrugs off suggestion Wall Street ‘hurt’ Bitcoin amid latest crash
-
Senator Tim Scott pushes for December vote on crypto market bill
-
Nearly 25% of Adults With Internet Access in Asia Might Own Crypto, Report Says
All Comments