Meuh6879 (OP)
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February 25, 2015, 11:59:58 PM |
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it's a real question because i see many other payment method from isolate country ... and aliexpress don't allow paypal. so bitcoin is more competitive for fees (and chargeback, too). and the 24h to verified the credit card payment is ... you see what i mine ...
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cozk
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February 26, 2015, 01:26:53 AM |
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They have their own payment system. They own little paypal.
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mlferro
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February 26, 2015, 03:37:21 PM |
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Today do not using. But surely will use in a near future.
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Madness
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February 26, 2015, 03:40:30 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
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AtheistAKASaneBrain
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February 26, 2015, 03:40:58 PM |
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They have their own payment system. They own little paypal.
But paypal is accepting BTC so they should too soon.
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neoneros
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February 26, 2015, 03:52:34 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
That is where an escrow service comes in handy? There are more ways to do so, with btc it could be easyily setup. Aliexpress could accept the payments and pay the merchant through their own creditcard service? If all needs to be reversed they fix it with the merchant and then pay back the bitcoins? It would be great though, got some great deals and looking for more
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thompete
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February 26, 2015, 04:01:08 PM |
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Dont they already have something called Alipay ? And just like you would argue for any other store to accept bitcoin, aliexpress already has more options for payments than most of the other marketplaces.
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ChuckBuck
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February 26, 2015, 04:20:55 PM |
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Dont they already have something called Alipay ? And just like you would argue for any other store to accept bitcoin, aliexpress already has more options for payments than most of the other marketplaces.
Correct. They have their own payment system called Alipay, which is why they don't incorporate Bitcoin: http://global.alipay.com/ospay/home.htmThey'd be cannibalizing their own product by doing so. If and when Bitcoin approaches their level of transaction volume, I'm sure they'll consider adding it as an option.
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najzenmajsen
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February 26, 2015, 04:22:42 PM |
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Dont they already have something called Alipay ? And just like you would argue for any other store to accept bitcoin, aliexpress already has more options for payments than most of the other marketplaces.
Correct. They have their own payment system called Alipay, which is why they don't incorporate Bitcoin: http://global.alipay.com/ospay/home.htmThey'd be cannibalizing their own product by doing so. If and when Bitcoin approaches their level of transaction volume, I'm sure they'll consider adding it as an option. we're probably gonna get added once bitcoin shows the world how amazing it is :>
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bryant.coleman
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February 26, 2015, 04:31:42 PM |
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Considering the opposition faced by Bitcoin in China, it is not surprising to see major Chinese retailers such as Alibaba / Aliexpress avoiding BTC payments. Hopefully they will reconsider their decision in a few years.
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Meuh6879 (OP)
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February 26, 2015, 06:06:03 PM |
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As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
Aliexpress use always an Escrow (it's not alibaba !). So, you can have a complete recovery of fund if you don't receive the item ... or a partial refund if the item is not the descripted indicate on the action. Aliexpress is like ebay but without paypal (job do by aliexpress in internal).
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carlosiness
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February 26, 2015, 06:09:00 PM |
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i believe it is matter of time and it will have crypto currencies system installed in it.
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MY ACCOUNT WAS HACKED, BUT THIS ASSHOLE DIDN'T CHANGE THE PASSWORD. I DON'T USED THIS FORUM FOR AGES. YOU COULD SEE IT FROM MY ACTIVITY. I USED THIS FORUM FOR FUN AND TO GET SOME BTC FROM SIGNATURES.. NOW I SEE TERRIBLE POSTS AND CRIMINAL OFFENSE FROM MY ACCOUNT. I FEEL VERY SORRY FOR ALL WHO HARMED FROM THIS LAYER ASSHOLE.. I exported my outbox when he was doing dirty jobs.. OUTBOX HERE FOR DOWNLOAD
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Meuh6879 (OP)
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February 26, 2015, 06:11:20 PM Last edit: February 26, 2015, 06:46:09 PM by Meuh6879 |
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yes, i think too ... when i read "so, the 50% hashrate of bitcoin is located in China, now ... in 2015". things doesn't append by error ...
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dothebeats
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Cashback 15%
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February 26, 2015, 06:23:37 PM |
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Basically because they already have their own payment system/processor? The alipay is what they call it afaik.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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arvindr
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February 26, 2015, 08:25:31 PM |
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Dont they already have something called Alipay ? And just like you would argue for any other store to accept bitcoin, aliexpress already has more options for payments than most of the other marketplaces.
Correct. They have their own payment system called Alipay, which is why they don't incorporate Bitcoin: http://global.alipay.com/ospay/home.htmThey'd be cannibalizing their own product by doing so. If and when Bitcoin approaches their level of transaction volume, I'm sure they'll consider adding it as an option. we're probably gonna get added once bitcoin shows the world how amazing it is :> 6 years in. I think we are already past that phase now. Its just the volatility which keeps the people out from investing into it.
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mayax
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February 26, 2015, 08:33:46 PM |
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they don't work with shits they want real cash not "bitcoin". same for others. do you really think that a big company needs BTC? hahah even they accept bitcoin(because it's trendy) they don't own it. they get cash from an exchange like Bitpay.
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mayax
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February 26, 2015, 10:37:30 PM Last edit: February 27, 2015, 01:02:28 PM by mayax |
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they don't work with shits they want real cash not "bitcoin". same for others. do you really think that a big company needs BTC? hahah even they accept bitcoin(because it's trendy) they don't own it. they get cash from an exchange like Bitpay. They could be their own exchange, it's well known the Chinese love Precious Metals and non inflationary wealth. Once they can set up an exchange 100% and have zero issue they will be exchanging the BTC themselves. they don't need complications and why would they need BTC? BTC market is TOO small. up to 1.5 mil users and only up 100.000 regular users. a medium online referral program has more members let's not forget that wordpress doesn't accept BTC anymore. they only got up to 1-2 BTC payments per week... YES, 1-2 payments/weekly. BTC market is a joke. it's only propaganda and nothing more.
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ChuckBuck
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February 26, 2015, 10:51:31 PM |
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they don't work with shits they want real cash not "bitcoin". same for others. do you really think that a big company needs BTC? hahah even they accept bitcoin(because it's trendy) they don't own it. they get cash from an exchange like Bitpay. They could be their own exchange, it's well known the Chinese love Precious Metals and non inflationary wealth. Once they can set up an exchange 100% and have zero issue they will be exchanging the BTC themselves. they don't need complications and why would they need BTC? BTC market is TOO small. up to 1.5 mil users and only up 100.000 regular users. a medium online referral program has more members let's not forget that worldpress doesn't accept BTC anymore. they only got up to 1-2 BTC payments per week... YES, 1-2 payments/weekly. BTC market is a joke. it's only propaganda and nothing more. Worldpress, what the fuck is that?
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cramved
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February 27, 2015, 03:16:08 AM |
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I have been looking at aliexpress for a while, is it pretty safe to buy stuff from there? I ask because alibaba looks sketchy some time and they are the same company.
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koelen3
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Sooner or later, a man who wears two faces forgets
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February 27, 2015, 09:31:09 AM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
They can add a Escrow feature like ebay
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Madness
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February 27, 2015, 09:32:28 AM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
They can add a Escrow feature like ebay But if the Seller claim that he sent the goods and the buyer claims that he didn't receive the goods during two months (buyer protection length) , how an Escrow is going to solve this problem ? I don't see any solutions for that . ~ Madness
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neoneros
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February 27, 2015, 09:49:54 AM |
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I have been looking at aliexpress for a while, is it pretty safe to buy stuff from there? I ask because alibaba looks sketchy some time and they are the same company.
it is always a risk, but aliexpress has buyer protection. I have orderd a few things and they all deliverd. Did order some stuff yesterday, it takes a while to get here, but the price makes the wait worth while!
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koelen3
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Sooner or later, a man who wears two faces forgets
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February 27, 2015, 10:22:05 AM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
They can add a Escrow feature like ebay But if the Seller claim that he sent the goods and the buyer claims that he didn't receive the goods during two months (buyer protection length) , how an Escrow is going to solve this problem ? I don't see any solutions for that . ~ Madness That happens with ebay too , Collateral damage i think
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cramved
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February 27, 2015, 12:52:32 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
They can add a Escrow feature like ebay But if the Seller claim that he sent the goods and the buyer claims that he didn't receive the goods during two months (buyer protection length) , how an Escrow is going to solve this problem ? I don't see any solutions for that . ~ Madness Thanks might look into buying stuff there to test it out.
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picolo
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February 27, 2015, 12:57:44 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
You could send Bitcoin to aliexpress, you will get your goods then they will pay the seller.
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cramved
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February 27, 2015, 04:54:13 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
You could send Bitcoin to aliexpress, you will get your goods then they will pay the seller. That would be fine but Aliexpress would have to convert it to fiat immediately because in the month or two i doubt the price would be the same. That is one of the main issues with bitcoin, I believe that when the price becomes super stable like most currencies the acceptation rate will grow substantially.
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inigthz
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February 27, 2015, 04:57:07 PM |
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Not yet.
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arvindr
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February 27, 2015, 05:07:10 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
You could send Bitcoin to aliexpress, you will get your goods then they will pay the seller. That would be fine but Aliexpress would have to convert it to fiat immediately because in the month or two i doubt the price would be the same. That is one of the main issues with bitcoin, I believe that when the price becomes super stable like most currencies the acceptation rate will grow substantially. Well actually if a company does wish to accept, then the first thing they do is convert it to fiat instantly through services like bitpay. Almost none of them hold the coins.
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cramved
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February 27, 2015, 05:25:26 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
You could send Bitcoin to aliexpress, you will get your goods then they will pay the seller. That would be fine but Aliexpress would have to convert it to fiat immediately because in the month or two i doubt the price would be the same. That is one of the main issues with bitcoin, I believe that when the price becomes super stable like most currencies the acceptation rate will grow substantially. Well actually if a company does wish to accept, then the first thing they do is convert it to fiat instantly through services like bitpay. Almost none of them hold the coins. Well that is a problem for main stream acceptance if no companies want to hold it.
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koelen3
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February 27, 2015, 06:34:09 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
They can add a Escrow feature like ebay But if the Seller claim that he sent the goods and the buyer claims that he didn't receive the goods during two months (buyer protection length) , how an Escrow is going to solve this problem ? I don't see any solutions for that . ~ Madness Thanks might look into buying stuff there to test it out. where at???
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cramved
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February 27, 2015, 07:47:04 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
They can add a Escrow feature like ebay But if the Seller claim that he sent the goods and the buyer claims that he didn't receive the goods during two months (buyer protection length) , how an Escrow is going to solve this problem ? I don't see any solutions for that . ~ Madness Thanks might look into buying stuff there to test it out. where at??? Aliexpress
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koelen3
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Sooner or later, a man who wears two faces forgets
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February 27, 2015, 07:52:36 PM |
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Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .
~ Madness
They can add a Escrow feature like ebay But if the Seller claim that he sent the goods and the buyer claims that he didn't receive the goods during two months (buyer protection length) , how an Escrow is going to solve this problem ? I don't see any solutions for that . ~ Madness Thanks might look into buying stuff there to test it out. where at??? Aliexpress They do not accept bitcoins The topic is about why don't they accept bitcoin but then again if you're buying with other payment , good luck, though it was irrelevant to say thank you there if you arne't buying from btc
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xingming
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February 27, 2015, 08:16:55 PM |
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it's a real question because i see many other payment method from isolate country ... and aliexpress don't allow paypal. so bitcoin is more competitive for fees (and chargeback, too). and the 24h to verified the credit card payment is ... you see what i mine ... Is there any way to buy from Aliexpress with bitcoin because i would love to bought some chineese electroinics and sell them in my country please help !
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AllTheBitz
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February 27, 2015, 08:18:07 PM |
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it's a real question because i see many other payment method from isolate country ... and aliexpress don't allow paypal. so bitcoin is more competitive for fees (and chargeback, too). and the 24h to verified the credit card payment is ... you see what i mine ... Is there any way to buy from Aliexpress with bitcoin because i would love to bought some chineese electroinics and sell them in my country please help ! Hi there , I think you can buy paypal then buy from them but not sure !
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viboracecata
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February 28, 2015, 03:09:36 AM |
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Don't be dreaming, dude, aliexpress even doesn't allow bitcoin exchange within their business, because china gov ban it
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koelen3
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February 28, 2015, 04:33:57 AM |
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Don't be dreaming, dude, aliexpress even doesn't allow bitcoin exchange within their business, because china gov ban it
China hasn't banned btc as of yet
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bitllionaire
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March 12, 2015, 08:12:43 PM |
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I remember alibaba used bitcoin,but stopped accepting because of china,and aliexpress is owned by alibaba
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Somekindabitcoin
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March 12, 2015, 08:18:11 PM |
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You could say the same for Alibaba. It technically would be the sellers option if you wanted to do an offsite exchange for bitcoin, but it would be more of a risk.
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cryptworld
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March 12, 2015, 08:19:23 PM |
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aliexpress doesn't even use paypal, but I hope that we can see them accepting bitcoin soon,when bitcoin is widespread
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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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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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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
Sr. Member
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Activity: 420
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Ever wanted to run your own casino? PM me for info
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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
Legendary
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Activity: 1974
Merit: 1007
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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
Sr. Member
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Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
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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
Legendary
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Activity: 1974
Merit: 1007
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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
Newbie
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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
Sr. Member
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Activity: 420
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Ever wanted to run your own casino? PM me for info
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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
Sr. Member
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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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