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BCH $216.25 +6.41%
LINK $10.62 +8.91%
HYPE $73.26 +25.75%
AAVE $97.52 +11.20%
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ZEC $558.15 +10.01%

tiktok

TikTok is a short video sharing platform developed by ByteDance, primarily used for the creation and sharing of user-generated content. Although it has no direct connection to the cryptocurrency field, TikTok's influence in social media and content dissemination makes it a potential promotional channel for cryptocurrency projects and activities. Its diverse user base and wide coverage play an important role in digital marketing and community building.
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hot_img Bloomberg: TikTok is developing a P2P transfer feature, and the official says it has not been tested yet

According to Bloomberg, TikTok is developing a "peer-to-peer" payment feature that allows users to transfer money to each other via private messages, with evidence coming from the code of the U.S. version of the TikTok App. The interactive design of this feature is quite complete, allowing the recipient to "click to accept" to complete the payment, while the sender can attach a text message. Changes in transaction status will be communicated to the sender in real-time via push notifications, providing an experience similar to PayPal's Venmo.TikTok responded that this feature "is not currently in testing in any market," and the report also noted that there are no signs guaranteeing that TikTok will definitely launch this feature. However, the existence of the code, combined with TikTok hiring for financial services positions in multiple markets including the U.S., indicates that the company is exploring this direction.TikTok has accumulated payment experience in Southeast Asia, with its payment product TikTok Pay operating in Vietnam, Malaysia, and Thailand, primarily used for shopping payments on TikTok Shop. In the first half of 2025, Thailand's TikTok Shop GMV reached $5.419 billion, a year-on-year increase of 162%. TikTok has over 1 billion monthly active users globally, with about 170 million users in the U.S. Following the news, stocks of companies like PayPal saw a significant drop that day. Analysts believe that if this feature is implemented, it will have a direct impact on Venmo's position in the peer-to-peer transfer market in the U.S., where Venmo has about 67 million monthly active users. However, regulatory factors remain the main challenge for TikTok in expanding its payment business in the U.S.

Financial Times: The White House is close to approving the TikTok US deal, with new investors including a16z and Blackstone Group

ChainCatcher news, according to the Financial Times, based on the terms of the deal, several informed sources revealed that a group of new external investors, including a16z, Blackstone Group, Silver Lake Partners, and other large private equity firms, will own about half of TikTok's U.S. business. These sources indicated that the U.S. business will be spun off from its parent company, ByteDance, based in Beijing.TikTok's existing major investors, including General Atlantic, Susquehanna, KKR, and Coatue, will also hold about 30% of the U.S. business.According to individuals involved in the process, these plans are still in the preliminary stages and may change. This was formulated ahead of the U.S. legal deadline on April 5, which requires that unless the Beijing owners sell to a non-Chinese entity, the app will be banned in the U.S.Officials from President Trump’s administration are scheduled to meet on Wednesday to discuss the negotiation status, with several individuals stating that if the president gives approval, the deal could be announced soon. A White House spokesperson stated, "If there is a statement regarding TikTok, it will be made by President Trump."One individual warned that the situation remains unstable, and the White House could still abruptly change plans. According to the terms of the deal, ByteDance will retain less than 20% of the business shares to comply with U.S. legislation, which stipulates that "foreign adversaries" cannot control more than one-fifth of the shares. Informed sources added that the plan will still require several months of further due diligence, structural adjustments, and other corporate financing commitments, which is typical in acquisition transactions, and the structure may change, with some equity supporters potentially increasing or decreasing their proposed investments. One individual stated that these groups will have three to four months to complete the divestiture process.
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