Shenchao TechFlow news, on December 12, Alipay posted on its X platform to refute the rumor that "Alipay can purchase cryptocurrency" as false information.

Previously reported, according to feedback from community users, domestic Alipay users in mainland China saw advertisements for cryptocurrency fund products on their homepage, which were verified to be Hua Bao Overseas Technology C (QDII-FOF-LOF) fund products. This fund indirectly invests in Coinbase stocks and ARK Bitcoin spot ETF through the QDII method, with a daily purchase limit of 1000 yuan per person.