Cryptocurrencies are finally getting the attention they deserve. After a decade of undergoing different phases, an increasing number of people and online merchants now accept Bitcoin as a form of payment. The adoption seems to be on the rise as some offline stores are also accepting the cryptocurrency as a form of payment.
Bitcoin has gotten its most significant adoption from the e-commerce space. Large e-commerce companies like Overstock have been accepting BTC payments for a while now. However, Bitcoin is yet to be accepted by the largest e-commerce giants like Aliexpress (owned by Alibaba) and Amazon.
Alibaba and Aliexpress surpassed Amazon last year in terms of the record number of sales in a physical year. The Chinese e-commerce giant is currently the biggest in the sector and manufacturers, and buyers use them often. Despite their popularity, Aliexpress accepts fiat currencies as payment options. They are yet to adopt Bitcoin as a means of payment.
However, people can still use Bitcoin to purchase products on Aliexpress. Some vendors accept Bitcoin in exchange for virtual debit cards or gift cards, which can, in turn, be used to buy goods on Aliexpress. Here are some of the options available to you when using Bitcoin to purchase products on the e-commerce platform.
Use Bitcoin to pay for goods on Aliexpress
Although you can’t use Bitcoin to pay for products directly on Aliexpress, some options are available for you where you can use BTC instead of fiat currencies. Here are some of the possibilities.
Using Bitcoin debit cards: Bitcoin debit cards allow you to purchase items on Aliexpress using Bitcoin. You can fund your debit cards with Bitcoin, and the debit card provider automatically changes the BTC to fiat currencies like USD or EUR when making purchases. The debit cards can either be real or virtual. There are numerous Bitcoin debit cards that convert the cryptocurrency to fiat currencies at the point of checkout.
Some platforms currently offer such services, including Unichange, Olodolo, and others. You can use their Bitcoin debit card to pay for goods on Aliexpress and other e-commerce platforms like Amazon.
Gift cards: using gift cards is another way to purchase items on Aliexpress using Bitcoin indirectly. You can exchange your Bitcoin for gift cards which are acceptable by some merchants on Aliexpress. Gift cards have been around for a while, and they can be redeemed as cash. Thus, the reason why merchants accept it.
Bitcoin is slowly gaining adoption in the e-commerce space. However, Bitcoin is yet to be adopted by the most prominent players in the game, Aliexpress, and Amazon. Despite the challenges, people can pay for goods on Aliexpress with Bitcoin using either Bitcoin debit cards or gift cards. The cryptocurrency is converted to fiat currencies at the point of checkout, making it convenient for all parties involved.