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Author Topic: Bitcoinica now supports Alipay deposit!  (Read 6676 times)
zhoutong
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February 22, 2012, 02:29:32 PM
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We're glad to announce that Bitcoinica now supports Alipay, the most popular payment website in China with hundreds of millions of active users.

From now on, anyone with an Alipay account, a UnionPay credit/debit card or an online banking account with major national and regional banks will be able to deposit into Bitcoinica instantly, with zero commissions (currency conversion fees apply).

We believe that entering Chinese market by integrating with the most popular e-commerce payment tool will be a significant boost for the Bitcoin community in the long run.

Now we're going to post this announcement in Chinese:

我们很高兴地告诉大家 Bitcoinica 现在正式支持支付宝,中国最流行的第三方支付工具。

从今天起,任何拥有一个支付宝账号,中国银联信用卡和借记卡或主要国有银行和地区银行的网上银行业务均可使用支付宝网关来进行 Bitcoinica 的在线充值。整个过程是全自动的,瞬间即可完成。同时,我们不收取任何的手续费(但是会有货币转换费,体现在汇率上)。

我们相信通过集成中国最大的电子商务支付工具来进入中国市场对比特币社区的发展是有长久的好处的!

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Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
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February 22, 2012, 02:31:59 PM
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Gr8t! 
Enjoy the power of Chinese Savings.

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February 22, 2012, 02:47:23 PM
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Omg this is fantastic! I believe that the main threshold that stops people in China from buying Bitcoin is that they don't know how to deposit via bitinstant or dwolla. Supporting Alipay is definitely great news for Bitcoin. Thanks Zhou!

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February 22, 2012, 02:54:37 PM
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顶!
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February 22, 2012, 03:14:02 PM
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Quote
hundreds of millions of active users
indeed.

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February 22, 2012, 03:27:43 PM
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Enter the Chinese gambling mania! Yay!

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February 22, 2012, 04:18:40 PM
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This will be huge!
Will you also be supporting Alipay withdrawals?
I am going to tell all my vendors in China about this!

zhoutong
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February 22, 2012, 04:28:43 PM
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This will be huge!
Will you also be supporting Alipay withdrawals?
I am going to tell all my vendors in China about this!

We will consider Alipay withdrawal option soon. Currently there's an API for mass payments, but it requires a service contract with Alipay.

When the CNY deposit volume is higher, we will have better chances of getting the service contract signed.

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
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February 22, 2012, 04:30:12 PM
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this is great news bringing much liquidity to bitcoin!

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February 22, 2012, 04:42:02 PM
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This will be huge!
Will you also be supporting Alipay withdrawals?
I am going to tell all my vendors in China about this!

We will consider Alipay withdrawal option soon. Currently there's an API for mass payments, but it requires a service contract with Alipay.

When the CNY deposit volume is higher, we will have better chances of getting the service contract signed.

I suspect more of my vendors will be willing to accept payment in Bitcoins once they know that they can instantly cash out via Alipay.
Keep up the great work!

I just started a feedzebirds campaign.  Please help spread the word! 
http://www.feedzebirds.com/v51z

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February 22, 2012, 05:23:06 PM
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This will be huge!
Will you also be supporting Alipay withdrawals?
I am going to tell all my vendors in China about this!

We will consider Alipay withdrawal option soon. Currently there's an API for mass payments, but it requires a service contract with Alipay.

When the CNY deposit volume is higher, we will have better chances of getting the service contract signed.

I suspect more of my vendors will be willing to accept payment in Bitcoins once they know that they can instantly cash out via Alipay.
Keep up the great work!

I just started a feedzebirds campaign.  Please help spread the word! 
http://www.feedzebirds.com/v51z

Or... you can tell your vendors all about Bit-pay as well. That gives them the option to cash out in BTC, CNY through Alipay or USD or other currency to a bank account of their choice. I agree with all of the above, though, this has the potential to be huge.
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February 22, 2012, 05:55:50 PM
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Isn't AliPay about as reversible as PayPal?

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February 22, 2012, 06:11:28 PM
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This will be huge!
Will you also be supporting Alipay withdrawals?
I am going to tell all my vendors in China about this!

We will consider Alipay withdrawal option soon. Currently there's an API for mass payments, but it requires a service contract with Alipay.

When the CNY deposit volume is higher, we will have better chances of getting the service contract signed.

Zhou, we can work together on this. If you need more volume, we can integrate Alipay into Bitinstant since we support all exchangers.

We will honor whatever fee you want to charge your customers.

Since were doing more than 2m a month, we can easily get a contract with them  Smiley


Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
zhoutong
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February 23, 2012, 01:10:05 AM
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Isn't AliPay about as reversible as PayPal?


No, the root of all reversibility is the Visa/MasterCard credit card system used by Americans.

Chinese banking system is entirely different. Chinese people don't use Visa/MasterCard for domestic purchases, online payments require strict authentication, banks are usually not responsible for fund losses, etc.

Everything is very Bitcoin-like, and non-reversible.

More than half of Alipay's transactions are escrows.

Founder of NameTerrific (https://www.nameterrific.com/). Co-founder of CoinJar (https://coinjar.io/)

Donations for my future Bitcoin projects: 19Uk3tiD5XkBcmHyQYhJxp9QHoub7RosVb
ineededausername
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February 23, 2012, 01:34:39 AM
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This will be huge!
Will you also be supporting Alipay withdrawals?
I am going to tell all my vendors in China about this!

We will consider Alipay withdrawal option soon. Currently there's an API for mass payments, but it requires a service contract with Alipay.

When the CNY deposit volume is higher, we will have better chances of getting the service contract signed.

I suspect more of my vendors will be willing to accept payment in Bitcoins once they know that they can instantly cash out via Alipay.
Keep up the great work!

I just started a feedzebirds campaign.  Please help spread the word! 
http://www.feedzebirds.com/v51z

Awesome, a feedzebirds campaign in English Wink

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February 23, 2012, 01:39:10 AM
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Awesome, a feedzebirds campaign in English Wink

You also forgot to mention that Twitter is blocked in mainland China.

I hope someone launches a Chinese version of Feedzebirds for the Chinese version of twitter:  http://weibo.com/

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February 23, 2012, 01:42:58 AM
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Awesome, a feedzebirds campaign in English Wink

You also forgot to mention that Twitter is blocked in mainland China.

I hope someone launches a Chinese version of Feedzebirds for the Chinese version of twitter:  http://weibo.com/

If they have a simple enough API, I'm sure Ira can clone FZB and retrofit it for Weib API

Go Ira go!

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
koin
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February 23, 2012, 04:54:58 AM
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這將是他媽的巨大。老兄,你是英雄

now lets do google translate a second time and see how good it is at converting right back into english: "This will be fucking great. Dude, you is a hero"
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February 23, 2012, 06:17:47 AM
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It seems that Bitcoinica is under Chinese localization now! Amazing speed & efficiency, Zhou!


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March 26, 2012, 06:23:56 AM
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Why can't I see any mention of Alipay for deposits or withdrawals in my Bitcoinica account?

For deposits I see the following options:

1. Bitcoin
2. Deposit by Bitcoinica Code (Instant)
3. Deposit by BitInstant (Instant)
4. Deposit by Mt. Gox Code (Instant)
5. Deposit by AurumXchange
6. Deposit by International Wire Transfer

For withdrawals I see the following options:

1. Bitcoinica Code
2. BitInstant
3. Mt. Gox Code (USD)
4. Mt. Gox Code (BTC)
5. Bitcoin
6. International Wire Transfer


No where is there a mention of Alipay.

Please advise.

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