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Topic: ALIBABA TO ACCEPT BITCOIN BEFORE AMAZON & OTHERS - page 2. (Read 2710 times)

hero member
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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.
sr. member
Activity: 378
Merit: 250
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.
full member
Activity: 224
Merit: 100
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.
legendary
Activity: 3500
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Damn clickbait title, i thought alibaba think to accept bitcoin or will accept bitcoin soon, but it's just opinion from 4.500 participants. And, as far as i know, alibaba and the others don't have plans to accept bitcoin, bitcoiner only can buy their gift card with bitcoin at this moment.
But, i think Amazon should be the next company to accept bitcoin.

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".
full member
Activity: 308
Merit: 100
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
sr. member
Activity: 560
Merit: 251
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
hero member
Activity: 966
Merit: 552
This I would love to see it happen!
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.
legendary
Activity: 1470
Merit: 1079

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

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.
newbie
Activity: 34
Merit: 0
I can tell you that the day Bitcoin is accepted on Alibaba that will be big, both for price and my business Grin !
hero member
Activity: 490
Merit: 501
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.
sr. member
Activity: 1918
Merit: 328
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.
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.
sr. member
Activity: 686
Merit: 253
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.
copper member
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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.
mk4
legendary
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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

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.  Angry
Pab
legendary
Activity: 1862
Merit: 1012
If Alibaba will accept Bitcoin anytime soon we will have already pumpon bitcoin.That kind of small pool is not enough trustable
legendary
Activity: 1512
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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.

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.
sr. member
Activity: 436
Merit: 250
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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.
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.
hero member
Activity: 700
Merit: 500
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.
sr. member
Activity: 1162
Merit: 450
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.
sr. member
Activity: 602
Merit: 265
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.
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