Alipay is a rapidly gaining popularity Chinese payment system operating in the field of e-commerce. It can be used to make any payments in China or pay for purchases on such platforms as Aliexpress.com and Alibaba.com, which attracts shopaholics from different countries of the world the most.
Alipay directly cooperates with many financial companies, including Visa and MasterCard systems, the world’s largest banks, China Post service, Chinese taxi DiDi, and mobile operator China Unicom. But we are talking exclusively about transactions with fiat currencies, and when it comes to digital assets (even if it is the Tether USDT stablecoin in the TRC-20 network – a digital analogue of the US dollar), then a direct transfer is not provided. You will need the help of third-party specialized services.
How to pay for a purchase on a Chinese platform with Tether?
To pay for a purchase on Aliexpress.com and Alibaba.com or other accounts, the easiest way for the owner of a stablecoin is to transfer money through a special electronic exchanger. There are many services for exchanging Tether TRC20 (USDT) to Alipay CNY, which you can verify by looking at the rating on the monitoring portal www.bestchange.com/tether-trc20-to-alipay.html.
This payment scheme is convenient, eliminates restrictions, allows you to make payments with Chinese partners without trying to find a way to register on Alipay, pass verification, and then figure out how the wallet works. The principle of the scheme is as follows:
- the client orders the required amount in Chinese yuan in the selected exchanger;
- pays the invoice received from the exchange service with Tether digital assets;
- the exchanger transfers CNY via the Alipay system to the recipient’s account (the seller from China) in a counter transaction.
Transfer of USDT in the TRC-20 network via Alipay to a counterparty from China on favorable terms
The scheme described above does not require any extra actions from the exchanger client, but provides for the conversion of currencies with the corresponding costs. When making an exchange, everyone’s logical desire is to ensure maximum savings. To do this, you need to hand over USDT at a higher price and buy CNY in return at a lower price.
You can view the current list of cryptocurrency rates on the website www.bestchange.ru. This is a monitoring portal that receives information from exchangers regarding the price they set for exchanging cryptocurrencies for fiat money. Each exchange service has its own conditions (rates, restrictions, fees), so the user should compare several options and choose the best one.
Choosing an exchanger based on the listing on the monitoring portal is to ensure the security of the transaction. The resource receives information exclusively from online exchange points verified by the security system and includes them in the ratings. In principle, using the portal www.bestchange.ru/converter/, you can convert different currencies. For ordinary users, its services are free. The information on the portal is updated every minute. It is easy to navigate it, as well as go to the exchanger you like (to do this, just click on its name). Everything is simple, fast, safe.