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TheGr33k
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March 12, 2015, 08:42:59 PM |
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Many stores domt accept bitcoin yet, but eventually it will be the norm to buy and sell with bitcoin online.
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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suman66
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March 12, 2015, 08:48:46 PM |
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its because china did not accept bitcoins official yet so , if they accept its sure tgey will become popular and China will ban bitcoins
aliexpress is no.1 china website
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Hazir
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★Nitrogensports.eu★
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March 12, 2015, 08:58:20 PM |
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I checked aliexpress, their range of products are nice but the prices are horrible are not competitive at all. With high prices like that I wonder why people are using their services at all. I do not care whether expensive shop like that will start accepting bitcoin or not.
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pereira4
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March 12, 2015, 11:05:41 PM |
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They will end up adopting it forced by the competition as the rest keep accepting it. Paypal is already in.
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funtotry
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March 12, 2015, 11:07:19 PM |
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alixepress has alipay which is good and all but implementing bitcoin wouldn't really be their top priority. The company is already one of the largest in the world and bitcoin does well usually for smaller companies. However aliexpress doesn't accept the payment methods I like to use, so btc would make the site much more useable for me.
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maku
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March 12, 2015, 11:39:38 PM |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
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Mitchell
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March 12, 2015, 11:42:18 PM |
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I can use my bitcoins on AliExpress, but only because I use my Xapo Debit Card, which is loaded with Bitcoins. However, it would be pretty neat if they added a Bitcoin option.
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funtotry
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March 12, 2015, 11:44:18 PM |
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I can use my bitcoins on AliExpress, but only because I use my Xapo Debit Card, which is loaded with Bitcoins. However, it would be pretty neat if they added a Bitcoin option.
But this is not "bitcoin", it just adds 2 steps in paying with bitcoin. btc->card and card->aliexpress with probably a total of 5% fees along the way. |
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ranlo
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March 13, 2015, 01:02:12 AM |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
They could still accept it in the meantime. It shouldn't be that difficult (or costly) to add it as an option, and I'm sure it would pay for itself long before a ban came (if it ever did). I really don't think China will do a full ban on cryptos. |
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funtotry
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March 13, 2015, 09:52:37 PM |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
They could still accept it in the meantime. It shouldn't be that difficult (or costly) to add it as an option, and I'm sure it would pay for itself long before a ban came (if it ever did). I really don't think China will do a full ban on cryptos. Well since crypto is not central you can't really ban it, but you can ban the exchanges so the chinese would only be able to send it back and forth. Accepting it is a big operation, you have to figure out how to convert the funds and send it along.. |
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ranlo
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March 13, 2015, 10:33:23 PM |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
They could still accept it in the meantime. It shouldn't be that difficult (or costly) to add it as an option, and I'm sure it would pay for itself long before a ban came (if it ever did). I really don't think China will do a full ban on cryptos. Well since crypto is not central you can't really ban it, but you can ban the exchanges so the chinese would only be able to send it back and forth. Accepting it is a big operation, you have to figure out how to convert the funds and send it along.. I wonder if China has a form of Bitpay/Coinbase? That may be where the issue lies, come to think about it. I wasn't thinking about having to sell the coins/convert them as part of the process. If they had a system like those, that may alter their decision. |
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funtotry
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March 14, 2015, 12:28:31 AM |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
They could still accept it in the meantime. It shouldn't be that difficult (or costly) to add it as an option, and I'm sure it would pay for itself long before a ban came (if it ever did). I really don't think China will do a full ban on cryptos. Well since crypto is not central you can't really ban it, but you can ban the exchanges so the chinese would only be able to send it back and forth. Accepting it is a big operation, you have to figure out how to convert the funds and send it along.. I wonder if China has a form of Bitpay/Coinbase? That may be where the issue lies, come to think about it. I wasn't thinking about having to sell the coins/convert them as part of the process. If they had a system like those, that may alter their decision. Don't think anyone has the balls to set one up, if china bans it your money is gone, well at least your bank accounts which probably will have lots in them |
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ranlo
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March 14, 2015, 08:02:32 AM |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
They could still accept it in the meantime. It shouldn't be that difficult (or costly) to add it as an option, and I'm sure it would pay for itself long before a ban came (if it ever did). I really don't think China will do a full ban on cryptos. Well since crypto is not central you can't really ban it, but you can ban the exchanges so the chinese would only be able to send it back and forth. Accepting it is a big operation, you have to figure out how to convert the funds and send it along.. I wonder if China has a form of Bitpay/Coinbase? That may be where the issue lies, come to think about it. I wasn't thinking about having to sell the coins/convert them as part of the process. If they had a system like those, that may alter their decision. Don't think anyone has the balls to set one up, if china bans it your money is gone, well at least your bank accounts which probably will have lots in them Well, think about it like this. If China doesn't have regulation around cryptos yet (I don't believe they do, in terms of barrier to entry), it should be cheap to set up a service. The service can mitigate risk by charging fees. In the US, we're looking at what, 0.5%-1%? But that's due to the amount of competition. In China, this is mitigated, so a higher fee can be warranted. Even a 3-5% fee would likely be better than what they have. That money should offset any potential issues in the future. I think if someone did things smart, they should be able to create a viable system. |
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Kilkenny
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March 14, 2015, 11:36:05 AM |
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The political situation in China doesn't allow anyone to predict what's going on next especially with financial means
Nobody knows what the government will do next, and if they see a threat they can ban a currency or prohibit anything in just a moment
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funtotry
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March 14, 2015, 02:08:33 PM |
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AliExpress is part of Alibaba group marketed more at international clients. But its base of operations is still in China. While bitcoin is not 'banned' in china as yet. Alibaba group is expecting that it could be indeed happen in the future. As chinese government is a whimsical about this since long time ago. That is mostly the reason they are not open to bitcoin transactions yet.
They could still accept it in the meantime. It shouldn't be that difficult (or costly) to add it as an option, and I'm sure it would pay for itself long before a ban came (if it ever did). I really don't think China will do a full ban on cryptos. Well since crypto is not central you can't really ban it, but you can ban the exchanges so the chinese would only be able to send it back and forth. Accepting it is a big operation, you have to figure out how to convert the funds and send it along.. I wonder if China has a form of Bitpay/Coinbase? That may be where the issue lies, come to think about it. I wasn't thinking about having to sell the coins/convert them as part of the process. If they had a system like those, that may alter their decision. Don't think anyone has the balls to set one up, if china bans it your money is gone, well at least your bank accounts which probably will have lots in them Well, think about it like this. If China doesn't have regulation around cryptos yet (I don't believe they do, in terms of barrier to entry), it should be cheap to set up a service. The service can mitigate risk by charging fees. In the US, we're looking at what, 0.5%-1%? But that's due to the amount of competition. In China, this is mitigated, so a higher fee can be warranted. Even a 3-5% fee would likely be better than what they have. That money should offset any potential issues in the future. I think if someone did things smart, they should be able to create a viable system. I remember months ago China shut down some exchanges I think and they said something about prohibiting bitcoin in the future. For example if using a computer is legal now, but the government is threatening to ban computers, would you open up a computer shop? |
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Kilkenny
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March 14, 2015, 02:35:08 PM |
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Sure not
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funtotry
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March 14, 2015, 03:26:45 PM |
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I thinks its a very bad impression for this site.....aliexpress.com have to use PayPal or BTC!!!  Yep aliexpress doesn't even use paypal which is what I primarily use for purchasing things. They have some weird bank transfer things but it makes it much harder for me to purchase things. I'd be happy with either paypal or btc. |
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