Alipay Denies Supporting Crypto Trading Following Peer Beta Launch

Digital payment provider Alipay has denied supporting cryptocurrency trading following the beta launch of trading platform Peer ¹.

Peer continues to show Alipay as a supported payment option on its website despite the denial ¹. The platform clarifies in its official buyer guide that the two firms do not maintain an official partnership ¹. The divergence highlights the friction between non-custodial and peer-to-peer crypto platforms that incorporate external payment rails and major payment processors that maintain strict policies disallowing digital asset transactions ¹.

Payment Methods Under Scrutiny

Peer operates a model where users settle fiat currency transfers directly using established payment networks while trading digital assets ¹. In its published buyer documentation, Peer explicitly notes that no corporate agreement exists between Peer and Alipay, even as Alipay appears among the transaction channels displayed on the interface ¹. Alipay, meanwhile, maintained its stance that it does not provide support or processing for digital currency trades ¹.

Neither organization has announced formal operational adjustments or interface updates following the statements ¹. At the time of writing, major crypto assets remain steady, with $BTC trading around $80,860 and $ETH hovering near $2,344.