Topic: Corona is spreading in many countries!! Bitcoin is a solution for transactions (Read 965 times)
April 30, 2020, 03:30:40 AM
I don't think this is a solution for transactions, because the time of transactions themselves is still high, but as an economic incentive, bitcoin is quite suitable.
April 29, 2020, 09:07:57 AM
It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.
In most of the countries bitcoin is not legal or the government is not clear in declaring bitcoins legal or illegal and that's the reason we do not find bitcoin to be vastly used for transactions. People who do not want to deal with cash (paper money), mostly use bank accounts for sending and receiving the payments.
although actually the method of payment by bitcoin is one solution but it is true said friends above that there are still many countries have not yet determined that bitcoin is a legal transaction. more people still use fiat for payment matters and if there is also possible with bank transactions with internet banking or ATM (Automatic Teller Machine). bitcoin is only done for something else or if for payment they usually exchange first with fiat to make transactions easier.
but with this pandemic situation, i believe a lot are already checking out on bitcoin or crypto. just to check if this will be a viable alternative method for their usual payment method. and definitely those businesses that wanted to add additional payment method may consider crypto this time. though the adoption will not come easy but once they experienced how to transact with bitcoin, they might change their minds towards crypto. sometimes all is need is actual experience to change ones minds towards something that is not familiar with them
I don't see any promotional or even link spreading to create awareness on bitcoin during this pandemic since the one I see is the economical upset and shifting to gold and other things but with bitcoins I don't see any. But maybe those who are into bitcoins are coming back but I think pandemic will not contribute to the fame of bitcoins, Maybe there are other crypto guys who influenced their families during their quarantine but I think it's small numbers only.
April 29, 2020, 04:01:30 AM
It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.
In most of the countries bitcoin is not legal or the government is not clear in declaring bitcoins legal or illegal and that's the reason we do not find bitcoin to be vastly used for transactions. People who do not want to deal with cash (paper money), mostly use bank accounts for sending and receiving the payments.
although actually the method of payment by bitcoin is one solution but it is true said friends above that there are still many countries have not yet determined that bitcoin is a legal transaction. more people still use fiat for payment matters and if there is also possible with bank transactions with internet banking or ATM (Automatic Teller Machine). bitcoin is only done for something else or if for payment they usually exchange first with fiat to make transactions easier.
but with this pandemic situation, i believe a lot are already checking out on bitcoin or crypto. just to check if this will be a viable alternative method for their usual payment method. and definitely those businesses that wanted to add additional payment method may consider crypto this time. though the adoption will not come easy but once they experienced how to transact with bitcoin, they might change their minds towards crypto. sometimes all is need is actual experience to change ones minds towards something that is not familiar with them
April 29, 2020, 03:50:10 AM
It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.
In most of the countries bitcoin is not legal or the government is not clear in declaring bitcoins legal or illegal and that's the reason we do not find bitcoin to be vastly used for transactions. People who do not want to deal with cash (paper money), mostly use bank accounts for sending and receiving the payments.
although actually the method of payment by bitcoin is one solution but it is true said friends above that there are still many countries have not yet determined that bitcoin is a legal transaction. more people still use fiat for payment matters and if there is also possible with bank transactions with internet banking or ATM (Automatic Teller Machine). bitcoin is only done for something else or if for payment they usually exchange first with fiat to make transactions easier.
April 26, 2020, 04:35:00 AM
It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.
In most of the countries bitcoin is not legal or the government is not clear in declaring bitcoins legal or illegal and that's the reason we do not find bitcoin to be vastly used for transactions. People who do not want to deal with cash (paper money), mostly use bank accounts for sending and receiving the payments.
April 26, 2020, 04:14:42 AM
Well, I wouldn't agree with you. People would rather have their money as fiat funds than in bitcoin at the period of Global pandemic , because there's not limitation to fiat transactions unlike cryptocurrency. People, especially those in counties with total economic lock down need as possible their money easily assessed.
Specially in my homeland i see a kinda of shops are didn’t accepted bitcoin. Here FIAT money is solution in the epidemic COVID-19 also others normal day. But right now virtual payment are highly recommend, no way go to bank for paper money, last previous two months i am using only digital transaction but which i converted FIAT to Virtual when corona virus are outbreak. 
April 25, 2020, 03:47:42 AM
Well said mate, as what we are now experiencing, as pandemic virus still existing all over the world we are all required to stay at home and do not go outside for unreasonable thing and to make some of our transaction works we can use bitcoin or other cryptocurrency if we wanted to. We are now the 21st century and most of the things happen in real life can be done through the use of the internet such as transactions of paying bills, paying internet bills, loads, buying foods, movies, etc. Bitcoin will be our way to prevent this pandemic virus spreading around the world.
Not to argue the use of bitcoin, say a solution to solve to prevent being infected by covid-19 using cash, but more people keep using online banking already through their mobile banking apps and some digital wallets (Gcash, Paymaya) here in my place rather than bitcoin itself, but of course, there are some, like me using it, especially paying bills, online shopping, etc.
Indeed, there are so many digital wallets we can use to store our money and use it for some purposes if we wanted to so the best thing that bitcoin can do is just to invest and to trade. April 25, 2020, 02:44:38 AM
Because of this global event ( Corona Virus) there are many people suffering right now. Due to the fact that all the things that involves in economics, transformation, jobs and even other works that may help people to live peacefully. This virus affects even buying for some goods without contact through other people since viruses can transfer through touching things that has affected of this viruses. So Bitcoin (crypto currency) is one of the useful way in order to buy good's and services such as paying bills and I think this is very helpful for us for this pandemic event.
April 24, 2020, 10:30:12 AM
Well for some instance, people are now doing online transactions yet using fiat money or their countries' currencies in doing so, but yeah, bitcoin can also be used specially of those who have it. I use it on paying my bills, buying loads, online shopping, and etc so, yeah it is really indeed a solution for transactions while we are on this pandemic.
I keep thinking about this idea but somehow the ignorance of most people will make this too impossible. I mean we cannot simply transact to every one since not every one is capable of sending and receiving bitcoin, there are only a few that use it for their daily expenses. I vote for bitcoin, as an alternative to fiat currency during these days to avoid physical contact because of the virus.It can be useful when buying online instead of using credit cards to avoid backcharges, but there is only a few merchants currently that accepts crpyto payment method.
April 24, 2020, 10:25:27 AM
It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.
April 24, 2020, 09:48:39 AM
Well for some instance, people are now doing online transactions yet using fiat money or their countries' currencies in doing so, but yeah, bitcoin can also be used specially of those who have it. I use it on paying my bills, buying loads, online shopping, and etc so, yeah it is really indeed a solution for transactions while we are on this pandemic.
April 24, 2020, 07:47:54 AM
nb; I edited this post a little based on existing discussions
many effects that occur due to the spread of the virus that until now there has been no cure (report from WHO), not only deaths and economic changes have occurred due to the spread of this virus, but also many others;
there are many more effects that occur and I can not explain one by one here (because it must be too long)
if everyone is afraid to touch each other, are they not afraid of fiat money when they trade because the virus can spread through paper money (drooling or sweating)??
This is the time we really must us digital transactions as a means of exchange because we are physically not in contact with other people so we avoid contracting the COVID-19 virus (Corona). Today's digital transactions can take the form of Cryptocurrency & Electronic money transfer service, here's the list;
Cryptocurrency;
Electronic money transfer service;
I hope the governments of countries around the world can think about this and even campaign it in their respective countries (Doing transactions with CRYPTOCURRENCY & Electronic Money Transfer Service, not with PAPER MONEY)
The biggest problem that the world is currently facing at this time is covid-19 which has spreaded over every country and lakhs of patients have been affected by this virus.The only way to be safe from this is remaining quarantine and not coming into contact of other due to which chain can be increased.This is panademic attack which has brought recession in global economy levels.This has decreased the level of fiat trading by a significant levels and most of the people are moving towards digital modes of payment to pay for neccessary items like grocery,bills,electricity or any other item as they prefer to stay home to be safe.But the case is still lot of people are using online banking facilities and only involved in crypto trading are making use of bitcoin.But the reason behind it is fees and less technical knowledge among people but this is a step where decentralized currencies have been used by large population and will keep on growing.So lets hope more people get used to these crypto coins and prices boost after this is finished. we can see data in real-time from this site about COVID-19 Virus (Corona) which is currently serving almost all over the world
source: https://www.worldometers.info/coronavirus/
source: https://www.worldometers.info/coronavirus/
many effects that occur due to the spread of the virus that until now there has been no cure (report from WHO), not only deaths and economic changes have occurred due to the spread of this virus, but also many others;
- 1. Kab'ah empty
this is one of the extraordinary effects because we know that the Kab'ah is never empty by worshipers who want to worship (even during renovations). - 2. Prices of spare parts (electronic devices & vehicles) are rising
China is famous for its counterfeit goods (KW) and cheapness, as a result of the spread of this virus many countries have shut down (export-import) to or from China. - 3. the appearance of strange greetings "Leg Shaking"
many people and even state officials are afraid to touch hands (shaking hands) so they do "Leg Shaking" to still be able to maintain intimacy and avoid contracting the coronavirus.
there are many more effects that occur and I can not explain one by one here (because it must be too long)
if everyone is afraid to touch each other, are they not afraid of fiat money when they trade because the virus can spread through paper money (drooling or sweating)??
This is the time we really must us digital transactions as a means of exchange because we are physically not in contact with other people so we avoid contracting the COVID-19 virus (Corona). Today's digital transactions can take the form of Cryptocurrency & Electronic money transfer service, here's the list;
Cryptocurrency;
Electronic money transfer service;
I hope the governments of countries around the world can think about this and even campaign it in their respective countries (Doing transactions with CRYPTOCURRENCY & Electronic Money Transfer Service, not with PAPER MONEY)
April 24, 2020, 06:11:36 AM
If having a chance of course i will choose having Bitcoin and also crypto currencies to use for transacting but the problem is we only have limited option to use this great and ranked number 1 currency?
This could really help if transactions didn't take so long.
what about transaction did not take so long?if you already used Bitcoin then you know that this is much faster than any other transaction in the world. 
April 24, 2020, 05:46:57 AM
Bitcoin is a shit with regards to transaction over-all. The transaction speed is very slow and the fee is not convenient at all when you are doing micro-transaction, not all people have gadgets and internet. Yes, I am bitcoin holder and I like bitcoin cause of it's monetary value and t's good for trading, but when you are going to use it in daily basis for canned transaction it is so hassle and not convenient.
April 24, 2020, 05:30:46 AM
This could really help if transactions didn't take so long.
April 23, 2020, 04:10:44 AM
That's actually what we have been trying to say since the beginning, BTC and crypto, in general, can be a very useful alternative in such situations.
April 23, 2020, 04:09:58 AM
This is one solution, but not the only one.
April 05, 2020, 03:31:04 PM
Considering the ongoing situation bitcoin can also be used as one of the medium for transaction same as that's mentioned in the op. To the expectation we don't have the real life situation more advanced with most of the people and Store authorities having knowledge on cryptocurrencies and its accessibility.
Now there were more and more number of online wallets. These wallets help in making transaction using the smartphones. This way we can avoid the contact of hands which is the major reason for virus spreading.
Now there were more and more number of online wallets. These wallets help in making transaction using the smartphones. This way we can avoid the contact of hands which is the major reason for virus spreading.
April 05, 2020, 11:55:47 AM
It is more safe to do transactions in bitcoin than via cash or credit cards. But the problem is not many people uses bitcoin and they are not aware of it. Few days back I wanted to pay someone in bitcoins but he was insisting on cash because he didn't knew about bitcoin and therefore he does not trust digital currency.
Bitcoin need to be spread more, if we want it to make a alternative currency for paper money.
Bitcoin need to be spread more, if we want it to make a alternative currency for paper money.
The problem is that Bitcoin is not that popular. So in most cases, if you want to make payment with Bitcoin, then you need to purchase gift cards that are denominated in fiat cash first. There are very few options for doing direct payment with BTC or any other cryptocurrency. And regarding the safety part, let's not forget the fact that Bitcoin is not 100% safe from wallet hacking.
April 05, 2020, 08:09:12 AM
It is more safe to do transactions in bitcoin than via cash or credit cards. But the problem is not many people uses bitcoin and they are not aware of it. Few days back I wanted to pay someone in bitcoins but he was insisting on cash because he didn't knew about bitcoin and therefore he does not trust digital currency.
You are right, a credit card is one of the payment solutions, but to have a credit card is very difficult, many conditions must be met by people who want to make a credit card, and usually those who are middle-class who have a credit card. so I don't think credit cards are a solution for now..Bitcoin need to be spread more, if we want it to make a alternative currency for paper money.
You are right.. I think it's time for ministers of education in each country to make a subject that discuss about cryptocurrency.Jump to: