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Topic: Corona is spreading in many countries!! Bitcoin is a solution for transactions - page 4. (Read 1000 times)

copper member
Activity: 2968
Merit: 575
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Sad to see the US being nowhere near the top but now it has become the country with most cases! Same goes for Italy. If only the government and the people took this case seriously.
You are saying that everyone is after to touch each other and the fiat currency might be infected which might pass the virus to the receiver which is true, but what about the goods he will be receiving for exchanging his bitcoin? Won't that be infected too? Whats the solution for that?
sr. member
Activity: 2226
Merit: 259
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I believe everyone is definitely aware of the dangers and spread of Corona Virus but certainly bitcoin is not the ideal solution to be used as payment method globally. This is likely to keep the network full of unconfirmed transactions. However, it can be used in areas that have been hit seriously like China, Korea, italy, France etc.
Not only four countries are affected but undoubtedly these are highly affected based on their deaths ratio. The new cases are rapidly increasing day by day in the other countries. Bitcoin can not play solution for as a transaction in the many countries, where no adoption. It’s never using as a global payment method.
sr. member
Activity: 2660
Merit: 339
Yes, we should all be making use of digital payment methods, but that alone is not enough to stop the spread of Coronavirus, there are other things that one has to do as well to avoid being infected with the virus.

You should as well try to stay indoors and make sure that every food and meat you eat is thoroughly cooked and try to wash your hands as much as possible, and avoid touching your eyes and your nose, because those are how the virus can be contacted. Digital payments are good and will help keep a distance from people, though cryptocurrency is not all that popular now, so people would opt for other means of online transaction.
legendary
Activity: 2268
Merit: 1379
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I guess this depends per country to country, some countries does not have good adoption with crypto
There are country that has many users adopting crypto but the only thing is the government isnt favor of them. In my country, users are pretty well interested and good thing is many of other firms affiliated with crypto are expanding their merchants accepting crypto. Well if this continue maybe they can issue a usage of it especially in the time where corona really pain in the ass, what I mean is now.

Don't  forget that btc alone can not fulfill the need of buying things that people may require in this period, yes we know btc is another alternative for transaction but there are limitations to use btc to transact.
Transactions arent limited its the merchants and services that accept btc is limited. If only those medical supply can be easily acquired then its done deal already before. Crypto is a solution for safe way to handle purchasing but still its not perfect to replace fiat in the future.
jr. member
Activity: 301
Merit: 3
DAEFROM.com
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/

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)  Cheesy

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 use Bitcoin and CryptoCurrency as a means of exchange because we are physically not in contact with other people so we avoid contracting the Covid-19 virus (Corona). 

I hope the governments of countries around the world can think about this and even campaign it in their respective countries (doing transactions with digital money, cryptocurrency and not with paper money)



You are pretty much right to say that Bitcoin and other forms of cryptocurrency can reduce the risk of being infected with the virus. I have seen the news about paying for water and electrical bills using digital payment such as GCash and PayMaya. Probably, if they know Bitcoin, then they would be given a very big help. But let's face it. Poor families which sometimes dominate the population, cannot neglect tangible money. They need it to survive and to be able to buy things for their home and their own protection. However, due to the lockdown, their small-paying jobs are in halt resulting to no income. The government now provides solution with donations and relief goods. I just hope by the end of this pandemic, or even right now, we can educate them about the perks of having Bitcoin in their hands.
sr. member
Activity: 906
Merit: 263
I was thinking about this the other day. I hate using notes as it is and the virus just gives me even more reason not to want to touch it. Its filthy stuff. The virus can live for 24 hours until it dies so that is a long time to stay active if the notes exchange hands often and I think that touching banknotes is just as bad as shaking hands. Bitcoin is best suited but not mainstream enough so people should use credit cards.
hero member
Activity: 2562
Merit: 577
Don't  forget that btc alone can not fulfill the need of buying things that people may require in this period, yes we know btc is another alternative for transaction but there are limitations to use btc to transact, in this case, fiat is still needed to do many transactions, plus not many people have the idea of btc and how to use it, so btc still can not fulfill many of the demands.
legendary
Activity: 2982
Merit: 1028
The spread of the corona virus is very fast, makes me think that bitcoin can be a solution to financial transactions that occur.
Bitcoin is very good to be able to avoid the corona virus, because by using bitcoin there is no need for physical contact. So many
bitcoin users will use bitcoin for financial transactions. If true bitcoin can be realized as a payment it is better to use it immediately
for financial transactions.
In most cases where physical fiat is not the first option to use, alternatives like bitcoin mostly being  discuss. If people realized and start to use and
allow this system to function as how it's being created then we can say that bitcoin is really a good deal to transacts.
Financial market should act and allow this currency to work alongside with other digital money and take the very use of this chain.
full member
Activity: 1190
Merit: 117
The spread of the corona virus is very fast, makes me think that bitcoin can be a solution to financial transactions that occur.
Bitcoin is very good to be able to avoid the corona virus, because by using bitcoin there is no need for physical contact. So many
bitcoin users will use bitcoin for financial transactions. If true bitcoin can be realized as a payment it is better to use it immediately
for financial transactions.
full member
Activity: 1218
Merit: 105
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.
It is possible to use these digital payment methods but not everyone is able to use this kind of technology due to some reasons like those people who are poorest of the poor that does not have the ability to own a smartphone for these kinds of transactions.

https://www.marketwatch.com/story/who-we-did-not-say-that-cash-was-transmitting-coronavirus-2020-03-06

Cash is such an insignificant vector for the spread of this (or any other) disease, there's no need to panic about it, just was your hands after handling cash and you will be fine. We won't see any big increase in BTC adoption because of the virus, people will use credit cards more if they'll have to, but otherwise everyone will keep using cash. And you overestimate how much regular people care about this virus, most people in the world don't even wash their hands as much as they should.
I don't think that there is a connection between the virus and Crypto Currency mass adoption.
Nah, people these days never wash their hands significantly but with this epidemic, people are learning again that they need to wash their hands regularly to prevent the virus from spreading.
newbie
Activity: 2
Merit: 0
How different businesses are operating within the economy of cryptocurrency in the spread of a coronavirus is relevant in many cases for various reasons. As the traditional securities market has been hit hard by the coronavirus, the value of Bitcoin and other cryptocurrencies is relatively high, though the market has declined overall.
hero member
Activity: 3052
Merit: 651
Had been my problem since I knew about this virus.
How am I going to prevent myself from touching people or touching what they have already touched.

Specially when you are going to the grocery. There ain't much problem with that since you could use other options which they could just scan something for the payment.
The other problem is when you are buying with small merchants.
They don't have any payment option but just cash. So you will pay with it and then they will give you a change. Of course you are going to touch that.
I have been freaked out by all of this. Using alcohol like every 5 minutes to disinfect. I almost bathe with alcohol when I got home.
Something must be changed. Cashless society maybe. If it ain't bitcoin then use something else.
full member
Activity: 1610
Merit: 102
Coronavirus is spreading all over the world very quickly. It is very Infectious Diseases and our government also warned that coronavirus can spread through money. Coronavirus can alive on paper for a few hours. So Bitcoin is a solution for transactions but it can not apply overnight. People who do not have any knowledge about Bitcoin, we can learn them about bitcoin and encourage them to use it. The people who have used bitcoin, they use bitcoin for their daily purpose and avoid to use normal currency to prevent coronavirus.
hero member
Activity: 2716
Merit: 552
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.
This paper currency is much more prefered to use by many people than online payment.
For example here in my country all do more people know and adopt crypto currency there are only few or sometime no department store accept crypto as mode of payment . How will you buy things food that you need using crypto/ bitcoin if they dont want to accept it as payments.

Well, paper money ain't safe from a country that records thousands of infected people. This paper money might have been in contact with an infected person and pass it from one person to another. The other alternative would be using credit and debit cards for safety purposes.
Bitcoin has not been widely accepted from most of the merchants and stores, so I guess using Bitcoin as a mod of payment isn't applicable to all of the countries, specially the third world country who only have a handful of businesses that accepts Bitcoin.
member
Activity: 728
Merit: 24
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.

You need to understand what kind of country in question. In different parts of the world, bitcoin has a different development and a different degree of influence on the economy. For example, in the USA, during self-isolation, bitcoin will be a good way to pay for remote purchases, and accordingly its price will increase.
full member
Activity: 686
Merit: 102
Because corona is contagious virus that's why it's too much possible to spreading if we use money (paper note) in our daily life. That's why doctors says to wash hand properly if someone use money in some cases. And in that case of course Bitcoin is a solution for transactions. Cause you don't have to use your hand to touch bitcoin when you need it.   

Government should attention on this point and i think after all things done, bitcoin will be accepted in many country besides of fiat money.   

 

Thanks for the source by the way. Hope it shows right update.
legendary
Activity: 3486
Merit: 1055
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One of the ways to pass the virus is by making a physical contact to a infected person or passing the things that has been touch by an infected person, that is why using and having bitcoin is the best solution to avoid the virus because you can make a trasaction without touching or having a physical contact to any individual, so i hope that the government would realize that using crypto can help.
Right, after many attempts made such as quarantine, social distancing, etc., but they still allow their citizens to leave the house if it is really necessary to buy food and other necessities which in reality they still touch an item from another individual, if the government applies payment using crypto then efforts to avoid any virus will be more effective. But whatever has been attempted, hopefully it can run well and hopefully everything will return to normal as it should.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
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/

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)  Cheesy

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 use Bitcoin and CryptoCurrency as a means of exchange because we are physically not in contact with other people so we avoid contracting the Covid-19 virus (Corona). 

I hope the governments of countries around the world can think about this and even campaign it in their respective countries (doing transactions with digital money, cryptocurrency and not with paper money)


If virus can really be transmitted via fiat money then we need to stay away from it as long as the virus is still there especially if there are no cure yet. Digital assets will be the best solution for, crypto is already there and any of the governments can temporarily use it in order to at least lessen the virus effect in their respective countries.

China, Iran and South Korea should make a bold move right now if they want to fight the virus. Once the virus will be eliminated then they can just use their fiat immediately but right now bitcoin and other digital assets will be the right option to choose for them.

Probably it is! Fiat money are the no.1 for being most used thing here in the world because it comes from a lot of people, from one person to another from time to time. We never know if someone who is infected touched the money that you have now so it is better to be safe. This is right time where we can improve the true advantages and definition of bitcoin. Bitcoin can do a lot to the community, economy, and our living besides as a mode of payment and transactions. It can also help a lot of people who are in need during this Corona outbreak. You can send donations to those legit fundraisers who are really willing to help people to sustain their health and support their necessities. Also before doing that, be careful of sending bitcoin during transactions to prevent losses. It is also one step for promoting the bitcoin and increase its mass adoption.
sr. member
Activity: 910
Merit: 261
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One of the ways to pass the virus is by making a physical contact to a infected person or passing the things that has been touch by an infected person, that is why using and having bitcoin is the best solution to avoid the virus because you can make a trasaction without touching or having a physical contact to any individual, so i hope that the government would realize that using crypto can help.
member
Activity: 99
Merit: 10
Digital currencies are now the best and most secure payment method
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