Binance CEO Changpeng Zhao (CZ) took to Twitter on Oct. 25, saying that he had "got word" that WeChat Pay puts receipts on the blockchain, along with a screengrab of a receipt with a link to a cake explorer.

Why does CZ care so much?

Globally, companies in well-nigh every industry are implementing blockchain solutions, so why should CZ feel the demand to comment on this one?

Perhaps it has something to do with a story from earlier this month, in which CZ announced the launch of payment on-ramps for Binance in China, utilizing WeChat Pay and Alipay payment services.

Alipay was quick to refute the claims, maxim that any payments related to cryptocurrency were banned from its service.

WeChat also confirmed its anti-crypto opinion, and there is no proffer that WeChat Pay is annihilation other than a centralized payment organisation, utilizing blockchain presumably for invoicing.

As Cointelegraph reported in March, China'due south first blockchain-based electronic invoice for a subway ride was issued at the Futian Station in the Shenzhen Metro. This technology was jointly developed by the Shenzhen Municipal Taxation Agency and WeChat'southward parent company and Chinese tech behemothic Tencent.

Hypocritical or hyper-disquisitional?

Information technology could be that CZ is calling out WeChat for hypocrisy over its proclaimed anti-crypto position while implementing blockchain technology. Or perhaps he is heralding WeChat for its use of blockchain technology, despite its official opinion on cryptocurrencies.

Fiddling further information is given, although some commenters have speculated that any blockchain claw-upward that WeChat has could be powered by VeChain. According to reports, there accept been previous experiments in blockchain technology betwixt VeChain and Tencent.

Meanwhile, Tencent recently admitted that Facebook's proposed Libra stablecoin would pose a serious threat to WeChat Pay if it launched in China.

As reported today, China'south President Xi Jinping called for accelerated adoption of blockchain technology in the state calling it a "breakthrough" for private innovation.