Bitcoin Forum

Alibaba should be the next global giant to accept Bitcoin according to 4,500 participants in a survey this week.

52 percent of respondents to the survey by Digital Currency Group creator Barry Silbert believe the Chinese marketplace is next in line to embrace the virtual currency.

Other options included Amazon (31 percent) and Google (12 percent), while only five percent of those answering on Twitter believed Facebook would be the first of the group to get serious about Bitcoin. According to Barry Silbert

https://twitter.com/intent/follow?screen_name=barrysilbert

This is just speculation from a public poll. Do not write as if Alibaba had confirmed to accept the use of Bitcoins in its services. As far as we know, none of the companies mentioned in the poll are guaranteed to accept Bitcoin or other cryptocurrencies as a form of payment in their products.

Barry didn't said anything. He just asked for people's opinion on his twitter on which company will embrace Bitcoin first.

I thought Alibaba is now accepting Bitcoin as payment method but generally it's just a consideration based on participants survey. Actually even without direct payment, we can use bitcoin to purchase things at those big merchants like Amazon, Ebay (iirc), Alibaba etc. via using a third party services which some of them are actual bitcoin exchanges.

Well if Alibaba will consider that thing, it will maximize the use of bitcoin because there will be now a direct payment of it. Many customers will now have more option to choose. Just don't know if it will become hype since the transaction fees nowadays isn't really nice as a whole.

There is a large difference between a poll result and an official statement from a company. And because people have an opinion, it's not going to force the company to do anything just to make people who answered to the poll happy. A poll result has a very
low importance as long you don't know about the audience (age, country, and others criterias). And more less when it's run on Twitter

I don't understand if some people just deliberately like misleading other people with their topics just to generate views. The topic is totally misleading. Nevertheless, it would be nice when most of this very big merchants start accepting bitcoin as payment. Would go a long way...

Oh great a random public poll based on nothing. FIX YOUR CLICK BAIT TITLE.

Did you know that 82% of Americans hate trump?! I interviewed 100 people and 82 of them hated him so this is 100% accurate. So stupid.

Some random poll voting for Ali Baba to accept bitcoin does not mean that they will start accepting bitcoins. Your title sounded like they it was an official statement from the company itself. Totally misleading.
Poll based on some peoples opinion means nothing!

All aboard the Bitcoin Bus, as soon as one agree's to accept, and the other companies look at the previous years profits, they will all jump in.

What I was expecting to see is a link to the official statement by the management of alibaba but just survey in which the majority of the respondents would have been bitcoin users who won't have any other reason than not to vote yes to bitcoin.  Decisions regarding that are done taken based on polls because it will involve a lot of technological infrastructures to be put in place and also the legal ramifications to put into consideration. The decision is not something I see happening soon if at all it will eventually happen.

Even if they receive 90-100% votes, they will be skeptical to adopt bitcoins watching the current pumps and dumps and most of these polls are rigged. Their main customers are not even interested in bitcoins which is a harsh reality. They only prefer debit/credit card payments. Amazon wouldn't mind to add bitcoin payments but only if there are customers willing to use that option. My local amazon website doesn't even accept Paytm payments which is widely used/accepted by Indians here.

Yeah, this poll doesn't mean anything, such clickbait that title...
I'd bet some money that Amazon would probably accept Bitcoin before Alibaba, especially because China and Bitcoin don't seem to get along very well from time to time.

Why would anyone start a thread which has nothing to do with the truth and i am seeing these kind of threads quite often which is really irritating. Alibaba could be the internet giant that could surpass amazon because they have the capability ,but to be frank i really do not mind about the e-commerce war,all i need as a customer is the best service possible.

Well, there is scam all over the place, it would be much easier for the chinese to rob even more people!

Figures.  And I agree, I really wish Amazon (or any big retailer in the states) would start taking bitcoin.  Right now I really got nothing to do with what I earn through the sig campaign.  I'm on the fence about actually spending it, since I'd potentially be missing out if we shoot up to $5000.  But I'm not against buying something with it either.  And there are so few places that take it that actually sell things I'd want to buy.  Amazon is one of them; Alibaba...I don't know anything about them.  Eh.  It's probably best just to hold, right?

Yea I was also expecting a breaking news article about alibaba
Accepting bitcoin payments, frustratingly dissapointed.

The thread title is indeed misleading.

The community, industry needs a big retail player to
Accept crypto payments but I suppose we need less volatility in the values.

If Jack Ma took the decision to accept Bitcoin as a payment method we'd have an influx of cheap stuff all around the world given that many people (including me) are using Purse to buy low and sell decent in the States & elsewhere. 15~20% discounts at Amazon can't be compared with wholesale prices  ;D

This I would love to see it happen!

I'm sure Alibaba would love to add bitcoin if it had bigger blocks and people would use it.

a quick google search tells me that Alibaba is located in China and while Amazon and others are mostly in USA and it is perfectly normal if all the rest of the world accepted bitcoin and Amazon were still behind all of them because of how US regulations are and how these corporate are big and don't care much about adding something that may not increase their sales but that much.

Maybe this will make a big impact on the entire shopping platform. Also this will help more usage of cryptocurrencies. Recently heard a news that alibaba is with plans of implementing their own token similar to cryptocurrencies that can be used through alipay.

This proves nothing about whether alibaba would actually want to start accepting bitcoin.

It is merely an opinion poll of what bitcoiners think will be next to accept bitcoin. Now bitcoiners cannot change the minds of the CEOs of companies, it is ultimately up to them therefore this poll is redundant.

I wouldn't be surprised though if Alibaba started to accept bitcoin - most likely on their sister site aliexpress because that's aimed as a global audience instead of just chinese though. Asian countries are already trying to regulate and legalize the bitcoin market whilst the US is doing nothing to try to embrace the technology. Most customers of US bitcoin companies are overseas as well...

It is not a confirmed news but I am sure we will soon have options to pay in bitcoin for the purchases made on the e-commerce websites with the business models like bitpay. I see the price volatility and the increase in transaction fees are the main reasons for the sceptical stance of these giant companies towards bitcoin. It might boost the growth of these companies too as it will promote cross-border transactions too.

It is like the online shops now are urging to accept bitcoin to their company and have a bitcoin payment method that can make more sales to their items and for me, this is the sign for bitcoin that most of the big companies are taking serious moves in bitcoin and they want more and more opportunity because of accepting bitcoin.

OP the title of the thread is not relevant to the comment, still their is no confirmation from any of the online company confirmation of using bitcoin, this is just a poll conducted by a users for getting bitcoin as payment on this sites. So it is just a poll and not a decision.

no chinese company will ever, ever, ever accept bitcoin.

if you look into your history you'll see the reason for the bitcoin 'china ban' was  because companies in china were starting to use it as a currency. the chinese government put a stop to that immediately.

people gambling on exchanges only just have been allowed to start again.

If alibaba were really to accept bitcoin before amazon and the others it would be good but the link you posted there OP is just a speculation to what will be the next big giant company to accept bitcoin as payment, not literally speaking that alibaba will accept bitcoin so I think your title is misleading. There is a big possibility though that alibaba won't start to accept bitcoin yet.

I thought that alibaba really accepting bitcoin and if that case happened it will be a very great news, a big company need to follow the latest technology and development if the they want to keep on top, but China has a bit problem with bitcoin so it will be difficult for the government to adapt bitcoin, hopefully after the poll the owner will considered about this thing

For a moment I was like I should make my purchase from Alibaba, but no lol, I think whoever does accept it, will be a master stroke cause it will open a whole new audience to them, and it shall take them places. I am yet waiting for one of them to make a change and accept it, it's kind of strange that they have yet not implemented it.

Clickbait, I really thought Alibaba has confirmed and are ready to accept Bitcoin as a form of payment just like Amazon but not as a direct payment though, correct me if I'm wrong but you can use your wallet to buy an Amazon digital gift card to purchase items.

It's too great, If Alibaba start accept bitcoin like a payment method, And i think, they can make a amazing profit if they start accepting bitcoin,

because as we know bitcoin price increase a lot over the years. So they can make a huge profit after few years.

Anyways, It's easy for us to buy goods from marketplaces sites using our bitcoin, so It's amazing thing.

Talk about the fact that Alibaba and aliexpress will accept payment in bitcoins I heard a few years ago, but still it's just a rumor. Before expanding the range of sales with bitcoin you need to have been accumulated a lot of coins. What is the point to trade for bitcoin if the buyers need to change Fiat to bitcoins.

Very disappointed reading this thread. I excitedly clicked on it thinking it was confirmed news. Imagine if this happens, it would transform bitcoin to a "real" currency and the surge in price would break all records. One can dream for now.

Well I hope Jack Ma should heed the result of this survey. We are excited this to happen and when this happen it will propel the bitcoin price to another high. We know alibaba is a very big on line company.

Alibaba is one of the famous ecommerce site, manufacturers are even on Alibaba to sell their own products.  I personally know so a dermatologist who sells their beauty products in alibaba so having BTC to be accepted will be a big factor for the adoption of cryptocurrencies not just btc. Soon its not just them that will accept BTC but maybe the manufacturers themselves will accept BTC.

I am not that happy about the Click-bait title as well.

Even if Alibaba accepted Bitcoin the price of Bitcoin will go up some then the price of the coin we be volatile due to the amount of people trying to sell their coins that they've made to purchase more products.

Yes, it is will be a great initiative by a huge company which will make way for other companies to adapt bitcoin and other cryptocurrencies. It'll definitely increase the price and more people will be buying cryptocurrencies for usage.

If Alibaba will accept Bitcoin anytime soon we will have already pumpon bitcoin.That kind of small pool is not enough trustable

What. How does a poll make you conclude that Alibaba will indeed be the first one on the list to accept bitcoin? and you used the title "ALIBABA TO ACCEPT BITCOIN" like as if Alibaba already made an announcement. This is just a poll Barry Silbert, yes he is kind of somewhat an authority on crypto but still, not because alibaba has the highest votes it doesn't mean they will indeed be the first one to accept bitcoins. I was actually excited at first. Classic clickbait.  >:(

They are all idiots, if I was a merchant that size I'd be using a payment processor and convert Bitcoin into fiat on the spot to make sure I never lose any money due to volatility, but personally I'd be keeping the coins for future profit. they haven't realized the potential of accepting Bitcoin, there will be no more payment reversal no dispute and no trouble, once they receive the coins it'll be up to them to send it back if the buyer didn't want the product, instead they are playing with their balls, waiting for others to engage first to see how it would go.

Exactly, they need to be up and doing because Bitcoin shows semblance of a better currency than the existing fiats if they employ that into their payment system. It's just sad some of these multinational companies are just not thinking innovation but they are to be conservative and keep the old routing practices.

If it's about public poll there is no one who loves Donald Trump there are less no of people who loves them. No ask why just because they are rich. They don't care about people.They don't care about prices.They don't care how to public conversation with people.So i will committed that no one will vote him in next election he already lost his respect what he had.

Well...we should really be hoping that soon these big online companies would soon accept and incorporate Bitcoin into their  payment mechanism. I am sure that they have been looking into it already and can just be waiting for the right timing when they can finally accept digital currencies.

It can then be a big boost for cryptocurrency when we can hear that Alibaba, Amazon, Twitter and Facebook would be opening their doors for Bitcoin. That time is coming soon...that I am sure as these companies are actually innovators and early adopters on their own rights.

One thing that maybe hold them back is the volatility of Bitcoin but once they can find a mechanism to solved this problem then it would be a breeze from there on. It would then be officially a Bitcoin world.

I can tell you that the day Bitcoin is accepted on Alibaba that will be big, both for price and my business ;D !

China has one of the highest number of bitcoin users and Alibaba is a Chinese e-commerce company which is also world's largest retailer and has been generating more gross merchandise volume than Amazon and eBay combined. One more interesting fact, Alipay, an online payment platform with 400 million users and controls half of China's online payment market.

I do not know on what reasoning 52% of users voted for Alibaba, but if you think logically Alibaba already has an online payment system, yeah bitcoin is a cryptocurrency, but I guess it would be more like bitcoin vs Alipay.

Alipay is more of an escrow system, safe for the buyer, payment is released only after the delivered product is satisfactory. Here it does have an advantage over bitcoin. Yeah many bitcoin related products are being sold on Alibaba including bitcoin vending machines so adding bitcoin as an option would be good.

Yes, so bitcoins will be more popular than right now because it can be used for payment method on Alibaba
after it happens the other online shop like Amazon, eBay and other will accept bitcoins too,
that is mean user's bitcoins will be growing up, so do with bitcoin's price will be expensive too
for long time investing today is nice to buy bitcoins.

It's excessively extraordinary, If Alibaba begin acknowledge bitcoin like an installment technique, And i think, they can make a stunning benefit on the off chance that they begin tolerating bitcoin
since as we probably am aware bitcoin cost increment a considerable measure throughout the years. So they can make an immense benefit following couple of years.
At any rate It's simple for us to purchase products from commercial centers locales utilizing our bitcoin, so It's astounding thing

The Chinese market is really taking over the world. If Alibaba does this genuinely before Amazon, then they will really change the game of online shopping

That's what I thought too at first. But then I remembered that there is such thing as Exit poll, when only a small percentage of the voters is  asked and still it reflects the whole picture to some extent. So, I wouldn't be surprised if Alibaba really starts accepting Bitcoin before other so called "global giants".

It's a very misleading title. But it could totally be true but in that case the price will be unreachable and the fees will be too high to buy something not so expensive.

Wow, really… Never mind. It is just another of these surveys. Amazon and eBay have committed themselves to similar surveys, with similar results and similar final decisions. Although the surveys are usually in the favour of Bitcoin, these sites have never accepted Bitcoin as payment.

If, and that is a big IF, Alibaba does accept Bitcoin it will be great. The Chinese marketplace is used by millions worldwide and the introduction of a new means of payment would definitely spark interest. This would hopefully provide an incentive for other large vendors and merchants to accept Bitcoin. But this is all very unlikely as they are considering the results of a single survey. It would be great to see them accept Bitcoin, but don’t get your hopes up too high.

These are just people's opinion in a poll / survey which the OP chose to post but the fact is Chinese government have long been looking for the ways which can end US dollar dominance all over the world so it would be no surprise if all the big Chinese corporations / companies start accepting bitcoin before their counterparts in other parts of the world.

Though i'd welcome the news of these major companies accepting bitcoins, this is just a poll and doesn't really mean anything, the company might decide against accepting bitcoins all together. I believe Overstock are already accepting bitcoins

I really hope so. Amazon is killing librarians and does not even accept something as mainstream as PayPal. It is finally time for them to either adapt or die !

Ahh, another click bait. All major retailers will accept bitcoin. Just be patient. They won't want to lose out in the race, This will force them to adopt bitcoin.
Capitalism itself will make bitcoin viable. Which is weird because you would expect fiat currency to win.
The best weapon of the rich will make them obsolete.

I don't think few thousand people know anything we don't know.
This sounds like huge speculations. ???

Most of the companies you mentioned will make use of some kind of Payment processor and these centralized services will add fees to their

services and in the end, you as the consumer will have to pay more to cover these added fees. It would have been great if they accepted Bitcoin

directly, but that will not happen. { governments will not allow that } If Alibaba started to accept Bitcoin, it will be bigger than when Overstock

decided to accept Bitcoin.  :D

It's just speculation or just opinion . But google recently invested huge amount in blockchain.info may google will make and accept payment through bitcoin . Think about the day you receive your absence earnings in blockchain wallet.

More braindead posts by 25bigblocktard. No amount of blocksize increase would allow for mainstream usage at the level Amazon would need. We need lightning network to be able to cater for the fast, cheap and huge amount of transactions we would need. It's clear that we want that but not at the expense of huge blocks that would turn bitcoin into a centralized mess.

when alibaba accepted use bitcoin in payment
i think is very big news if alibaba accepted bitcoin bitcoin price can incraese very high

Why does Amazon need Bitcoin when it can and most likely will offer its own "coin" or digital currency?

It would instantly have millions of people adopting it, massive media coverage and instant credibility.
 Win/Win for Bezos and Co.

So glad alibaba accept btc , probably because the owner is jack ma one of the richest man on the earth so he try new marketing strategy with btc as a payment , tried register their affiliate program long ago its decent market and available on third world country , looking forward for next movement

Considering Google just invested $40 million into Bitcoin, it wouldn't be surprising if they were next to pull the trigger and start accepting it.

Speculation or not, fake or not, this is an important thing about the adoption of bitcoin in online shopping. Even as a rumor. We all believe bitcoin will be accepted by one of the biggest online stores. Let it be Alibaba.

yes the impact will really will be better on online shopping and business of merchants as Alibaba is a bigger platform for merchants.
It is awesome to hear that Alibaba is doing that it can easy for us to buy shopping online easily.If we didn't transaction of our BTC into other currency then it's better to shopping online in Alibaba.Great job done by Alibaba.

Will this is good news for us if this could be happen! because we can buy things easily on this alibaba or amazon and used our bitcoin without cash-out or convert it into fiat.

Once the majority of the worlds biggest retailers accept bitcoin more and more people will consider using it too and that will speed up adoption. We need to be careful however as it will only create more congestion in the network, and I hope scaling solutions come fast.

These surveys have happened many many times with heaps of vendors like Ebay, Amazon and other online giants. I am not expecting Alibaba to accept Bitcoin any time soon, but with the recent issues with Japan and Google investing 40 million, I would doubt that bitcoin is starting to pick up the pace and maybe Alibaba will open the floodgates for bitcoin. The future for bitcoin seems very promising.

Even if this is just a poll, it's a solid proof that bitcoin is starting to penetrate more industry giants. This really can happen in the future because if there's a huge request from customers to implement bitcoins as a payment then there's no doubt that those company will follow. Remember the famous companies' policy "customer is always right".

I'm totally agree with you by this because Alibaba is cheap online shopping they don't even have a better technology but i don't know why they are too much famous guess this is great step for Alibaba and they will be more establish by this step. So it can be easy for them to use bitcoin with fiat money.

At least put a question mark in the title of the thread, it sounds like a confirmation when in fact after reading the op we realize this is nothing but speculation coming from the public it is not like Alibaba has given any statement regarding the acceptance of bitcoin.

What's going on with these click-bait titles that are starting to spread around the forum ??

The titles means that alibaba is planning to accept btc. Only to enter and find ouot that it was just a result of a survey. :(