Author

Topic: Covid crisis & evolving phases (Read 778 times)

sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
August 16, 2020, 09:14:38 PM
#97
Honestly, in the midst of poverty due to coronavirus disease, our benefits are the network was not affected totally, even though many have still managed to work through online. Basically it is a big deal suchlike in campaign community except for the government assistance Bitcoin is also give more financial support to all Bitcoin lovers.
full member
Activity: 994
Merit: 105
August 17, 2020, 10:14:49 AM
#95
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

YES! During these Covid Pandemic, we are forced to do every transaction online. Order food, clothes, services, etc online.
which leads payment to be made thru online banking transfer , online wallet transfer and accepting cryptocurrencies is also being made an option as well.


I certainly agree with you. Every transactions now are encouraged to be made online. And these past few months, I have seen people on my social media platforms that started to get interested with cryptocurrencies because of remote working system and home quarantine they decided to try and explore it.
full member
Activity: 612
Merit: 102
August 17, 2020, 01:03:14 AM
#94
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

YES! During these Covid Pandemic, we are forced to do every transaction online. Order food, clothes, services, etc online.
which leads payment to be made thru online banking transfer , online wallet transfer and accepting cryptocurrencies is also being made an option as well.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 16, 2020, 04:38:09 PM
#93
Behaviour have a number of things, so I'm sure there will be behaviour that have changed after this pandemic and that won't. Moreover, humans have different characteristics and so do cryptocurrency users, where in the cryptocurrency consumer their behaviour change permanently. We know that during this pandemic the cryptocurrency looks more lively, the crypto market is starting to look up in volume, many users are also active in the market.

there are people who are open to new technology but still some are not. but with the crisis that we experienced, a lot of people looked or searched about crypto, mainly for alternative payment and investments. and we have seen that btc market survived in this crisis and slowly rising up.
with good understanding in crypto, i guess a lot of newbies who were hesitant before already changed their minds. however, it will take time for them to adopt the crypto system. just like us when we were starting, we tested small amount, tried whats going on and took many readings before we have the grasp how can we work around in crypto
hero member
Activity: 1666
Merit: 502
August 16, 2020, 04:30:45 PM
#92
Behaviour have a number of things, so I'm sure there will be behaviour that have changed after this pandemic and that won't. Moreover, humans have different characteristics and so do cryptocurrency users, where in the cryptocurrency consumer their behaviour change permanently. We know that during this pandemic the cryptocurrency looks more lively, the crypto market is starting to look up in volume, many users are also active in the market.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
August 13, 2020, 07:31:43 AM
#91
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
change is not big, but the increase in digital currency will definitely happen because people prefer to use digital for health purposes during Covid 19 or in the future when Covid is over. so I think this moment has a positive effect on people to get used to using digital currency
Somehow the covid 19 pandemic has a good effect on each in everyone lives if they are a crypto user because they can still earn money through trading and they can also have their money through digital but for the non users there is no positive effect coz they don't have the chance to gain a benefit from this.
full member
Activity: 827
Merit: 100
August 13, 2020, 07:18:01 AM
#90
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
change is not big, but the increase in digital currency will definitely happen because people prefer to use digital for health purposes during Covid 19 or in the future when Covid is over. so I think this moment has a positive effect on people to get used to using digital currency
hero member
Activity: 1764
Merit: 589
August 12, 2020, 04:59:31 PM
#89
We cannot be so sure that the effect of the Coronavirus pandemic which is people shifting from physical money to digital currencies will be permanent already because such actions are just being triggered by the situation on which people are wanting themselves to be safe away from getting infected by the virus that can be potentially transferred through physical money. But since using digital currencies have been part of our daily lives this entire season of the Coronavirus pandemic, maybe it would become our new normal that will soon be adapted to permanent usage already.

This pandemic have boosted up the usage of our modernized technology which enable us to shift from physical to digital ones not only for money but also with regards to businesses which inhibit the usage of digital currencies on doing transaction. Right now, maybe we can consider that yes, this Pandemic might brought us up into permanent usage of digital currencies even the pandemic is already out since usage of such currencies have already been a part of our daily lives. But still, there are lots of people that would consider using physical money for sure.
sr. member
Activity: 1148
Merit: 251
August 11, 2020, 10:48:49 AM
#88
The world is going through a period of deep crisis due to the epidemic caused by the COVID-19 virus, the duration of which is likely to be prolonged. Due to the changed situation, people are becoming more dependent on technology; Especially online banking transactions, buying and selling, office work, teaching in educational institutions, social, institutional and state events are all happening. I think besides this, the use of cryptocurrency, especially Bitcoin, is also increasing. I believe that cryptocurrency can play an important role in overcoming this recession in the world economy; The matter should be considered by the authorities now.
With this pandemic happening we observe the increase usage of online transactions it becomes in demand these days. Well, that's true there’s no time duration as to when this will be resolved unless there is a vaccine. This really shows that people are adopting this kind of technology to lessen also the cash transaction to avoid contact to a person. No doubt about that bitcoin brought importance to the users until today.
member
Activity: 1358
Merit: 10
www.cd3d.app
August 11, 2020, 09:24:03 AM
#87
The world is going through a period of deep crisis due to the epidemic caused by the COVID-19 virus, the duration of which is likely to be prolonged. Due to the changed situation, people are becoming more dependent on technology; Especially online banking transactions, buying and selling, office work, teaching in educational institutions, social, institutional and state events are all happening. I think besides this, the use of cryptocurrency, especially Bitcoin, is also increasing. I believe that cryptocurrency can play an important role in overcoming this recession in the world economy; The matter should be considered by the authorities now.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
August 10, 2020, 11:59:03 AM
#86
For now there has been no change in the use of digital currency, but what I have observed is that more and more people are losing their jobs due to this corona virus, as a result the economy of all sectors is starting to paralyze and I hope all of this will end quickly. Hopefully back to normal.
Things are for the most part never going to go back to normal, it seems that people think that the economy moves in a symmetrical way but this is not the case, growth happens very slowly but when the economy goes down it does in a really fast fashion, this means that the drop in the economies around the world that we have seen during this year is not going to be recovered during this year as well, most likely it is going to take at least 3 to 4 years for things to go back to normal and that is assuming that the damages by the coronavirus stop now.

And as we know until the vaccine is developed and distributed the damage to the economy is going to continue and unfortunately for many of us that means that our jobs could be at risk.
newbie
Activity: 1
Merit: 0
August 10, 2020, 09:21:57 AM
#85
It's not looking like covid is going to go away anytime soon. As mentioned previously, people are opting to do more and more things online. The high street shops in the UK are going to be decimated even more after all of this. My line of work is casino and we have really struggled, loads of our regular players have been choosing to play online now, learning more about slots at sites like this like Megaways at https://www.demoslot.com

I'm not sure how much longer as a business we will hold out, but it's the same for everybody, and some have it a lot worse than what I have. Post covid earth is going to be a very different place.
full member
Activity: 2268
Merit: 121
Reward: 10M Sheen (Approx. 5000 BNB) Bounty
August 10, 2020, 03:57:55 AM
#84
Definitely. Now that online transactions are the new normal, digital currency would be most appreciated than ever. People will surely refer to digital currency for their transactions because it is not only efficient but safer way for consumers.
In some countries, people already use digital currency, but it's not crypto because they need approval from their government to use crypto as the payment system. But in the future, there is a big possibility to see the crypto will be used for the new payment system because, in cryptocurrency, many coins can be an alternative for paying something. We might see that evolution happens after we solve the COVID crisis because now, every country is trying to stabilize its economy first.

it is true that crypto cannot be fully used because most countries have not legally recognized it as a means of transaction. but there is already a growing number of digital money held by various companies that usually do not have an alliance with a particular bank. Of course this is a joy that many are accustomed to doing.

Crypto for the future should be a more friendly digital money because it can be used between countries and is not bound by the standard rules of a particular bank, which will obviously be superior to other digital currencies.
because transactions are not only for local people but can be cross-country, which may not be possible for digital money in circulation today.

I agree, let it now be more focused on a pandemic that may not be resolved properly, at a time when crypto will fully hold onto all digital currencies. what is needed is the comfort they can receive from the digital money. this will facilitate the introduction of crypto in the future.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
August 09, 2020, 09:45:16 PM
#83
Definitely. Now that online transactions are the new normal, digital currency would be most appreciated than ever. People will surely refer to digital currency for their transactions because it is not only efficient but safer way for consumers.
In some countries, people already use digital currency, but it's not crypto because they need approval from their government to use crypto as the payment system. But in the future, there is a big possibility to see the crypto will be used for the new payment system because, in cryptocurrency, many coins can be an alternative for paying something. We might see that evolution happens after we solve the COVID crisis because now, every country is trying to stabilize its economy first.
newbie
Activity: 14
Merit: 0
August 09, 2020, 08:38:43 PM
#82
Of course, this situation gave the opportunity for crypto to evolve. Many banks have seen great potential in crypto now.
legendary
Activity: 3080
Merit: 1353
August 08, 2020, 08:50:19 PM
#81
Of course, people spend lot of time on internet and also everywhere they can see digital payments only to avoid the spread but it doesn't literally cause for the adoption of cryptos, it just made the people go for the cashless transactions so more revenue for the banks from this pandemic. Maybe this can be the first step towards the evolvement of a decentralized payment system.

And that is why the big 4 companies are making record revenues in the middle of the Covid-19 crisis, Big Tech's blockbuster earnings undermine their arguments to Congress that they aren't that big.

It's because people are going online more than anything, people staying at home, nothing to do but to surf and use services and platforms like Amazon, Google, Facebook and probably buying more Iphones.

So the market is evolving, cashless society is here to stay, whether bitcoin, credit or debit cards or other third party services. It just speed up the adoption.
sr. member
Activity: 798
Merit: 251
Small Trader
August 08, 2020, 06:43:20 PM
#80
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
Literally, covid-19 is very dangerous. We are all prohibited from making direct physical contact in public places, in order to avoid passing the virus from one person to another.
Just like buying things, the money we spend can also carry the risk of transmitting the virus. Therefore, alternative payments such as digital money are needed to reduce the spread of the corona virus.
At least digital money like cryptocurrency really helped transaction activities during the Covid-19 period. Hopefully covid-19 will disappear from this world soon.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
August 08, 2020, 10:29:31 AM
#79
Of course, people spend lot of time on internet and also everywhere they can see digital payments only to avoid the spread but it doesn't literally cause for the adoption of cryptos, it just made the people go for the cashless transactions so more revenue for the banks from this pandemic. Maybe this can be the first step towards the evolvement of a decentralized payment system.
full member
Activity: 686
Merit: 125
August 08, 2020, 09:31:16 AM
#78
Definitely. Now that online transactions are the new normal, digital currency would be most appreciated than ever. People will surely refer to digital currency for their transactions because it is not only efficient but safer way for consumers.
I don't think that we could say that it is safer but yes it will do for those stable currency like fiat since banking system are really secured compared to cryptocurrency which is also considered as digital currency. The comfort of digital currency brought had ease the consumers in doing transaction and also to maintain minimum health protection as covid19 still present and no cure for now.

Anyway, if it is all.about the choice whether which is better between physical or digital currency then my opinion answer will be both. Both physical and digital will do good to all consumers.
full member
Activity: 966
Merit: 102
August 08, 2020, 08:50:53 AM
#77
Definitely. Now that online transactions are the new normal, digital currency would be most appreciated than ever. People will surely refer to digital currency for their transactions because it is not only efficient but safer way for consumers.
full member
Activity: 1750
Merit: 118
August 08, 2020, 08:43:02 AM
#76
 health issue and money are both connected  , when your diagnosed you need to stop working to quarantine . its fine if your only experiencing it but no , its not just an health issue but its a virus that spreads fast and it already penetrated on many country . now that causes an economic crisis . impact of crisis leads people to slowly switch on digital from physical  .  we dont know if how long the virus/crisis will last so dont call the change permanent but its safe to say thats its only temporary for now 
hero member
Activity: 2464
Merit: 877
August 08, 2020, 08:38:40 AM
#75
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

Yes, the digital payments are more accepted in these pandemic days and this trend will continue. The issue is that most people still do not deal in crypto but they think that using online banking and  mobile banking makes it digital. The main problem is that people do not have knowledge about bitcoins and cryptocurrencies.
member
Activity: 1021
Merit: 12
August 08, 2020, 08:25:05 AM
#74
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

I feel it will change them, even those who do not like this digital currency, because more security when Garry is ongoing, bitcoin can make P2P transactions but without any touch, only through Android, or PC connected with your wallet. Very amazing!
jr. member
Activity: 112
Merit: 3
August 08, 2020, 08:14:58 AM
#73
Since the lockdown was implemented around the world and followed by different types of community quarantines here in my country. We, people are just staying home because we are afraid to have contact with people and the thought of covid-19 rapid transmission scareds us most. Its been quite half a year of just staying home and transact everything virtually. As I am working here in digital world, I think digital currency are much useful to people nowadays, for cashless payments and other financial transactions. And I think it will go that far, as days weeks and months gone by and still the cases are getting worst and vaccine is not created yet, digital transactions are highly recommendable, same goes most with digital currency.
full member
Activity: 173
Merit: 120
August 07, 2020, 03:41:57 PM
#72
Oh, that's definitely true and has been for some time now.  I know some people who never carry cash on them and use debit cards and/or smartphones to pay for everything.  Right now I'm just waiting for the US government to stop minting pennies and nickels, which would be a smart thing for them to do.
oh I so agree with that!  we actually lose money printing pennies! Even dollars aren't cost effective which is why they tried dollar coins but no one bought it (no pun intended).  China is moving to a national digital currency which would eliminate a lot of the costs involved with the physical currency...maybe someday USA will follow suit.
member
Activity: 268
Merit: 10
August 07, 2020, 02:39:10 PM
#71
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
I think no. Rather, digital payment methods will become more popular than analog money, but digital currencies will remain in the same position. Much still depends on the legalization of currency in certain countries. Probably, the states will consider issues of legalization of assets more carefully, but this is not certain.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
August 07, 2020, 01:14:05 PM
#70
The effect of Coronavirus pandemic on the living of the people pushes through the using of fiat (paper money) into digital money which is using cashless transaction as of the moment to keep up on avoiding the spread of virus which is said that can be transferred through physical money. This concept will remain to be temporary to permanent on the people's daily lives up until vaccine to treat the virus will be provided.

But since digital transactions have been part of the people's daily lives as companion during this pandemic, we can consider that we are now evolving the use of currency from physical to digital ones even it is not directly using cryptocurrencies but the usage of credit/debit card as well as online banking and mobile apps to do the transaction is already considered as digitalised transactions.

This pandemic have made an impact on our daily lives that from traditional we go up into using modern technology to continue our normal lives and make it on a digital way. Even if this pandemic have not pushed through the usage of cryptocurrencies since people have other options to do like credit/debit card payments and online banking transactions, still we have seen that the pandemic brought us up into digital economy to continue our lives amid to the existence of the pandemic.
member
Activity: 1358
Merit: 10
www.cd3d.app
August 07, 2020, 10:42:32 AM
#69
It is true that the use of digital technology has increased more than ever before due to the Kovid 19 epidemic. Financial institutions are encouraging online payments, from ordering food to making various purchases online, as well as meetings, seminars being performed virtually using digital technology. Although the direct use of cryptocurrency has not increased, it is noteworthy that a lot of people have learned about crypto over the last few months and it is fast becoming the most preferred option for making and paying money online.
legendary
Activity: 1134
Merit: 1599
August 07, 2020, 04:12:32 AM
#68
All of that is true except the first statement, that the pandemic is here to stay.  It isn't.  Like any viral outbreak, it will eventually run its course and/or we'll find a vaccine or an effective treatment for it.  People have gotten used to wearing masks and maintaining their distance from each other, and that will probably be a habit which will last but this isn't going to last forever.

I've not no problem with universities moving toward online classes, but I don't think that should be a permanent thing either.  Going to a classroom and interacting with peers and professors is important.  One thing I think will last is people's shopping habits and the way they pay for things.  Cash will probably phase out quicker than it has been, and people will continue to order things from sites like Amazon.

I wish I could say that cryptocurrency will benefit from this, but I don't think it will.  It certainly doesn't seem to have thus far, although people seem to be buying bitcoin and altcoins like crazy--they're just not spending them as far as I know. 
I would argue more about the first paragraph but I might go a bit too off topic. Grin

My main problem with online classes is privacy related, so is switching to card payments and abandoning cash completely. But yeah, "cashless society" isn't far fetched at all now, although it did sound like a crazy thing to many before the outbreak.

Going cashless means more interest in cryptos though imo - and do you think it's a bad thing that people are investing in BTC and alts like crazy without spending them? After all, especially with the recent negative financial reports from various countries, this could mean they're starting to see cryptocurrencies as safe haven assets.
full member
Activity: 924
Merit: 221
August 07, 2020, 12:58:10 AM
#67
digital payments are indeed the best choice for the current corona virus pandemic. But in my opinion, the measure for permanence is still far away, because until now we still need paper currency for the survival of a country's economy. so, let me say no in this case
No or you could also say that it could depend on the preference of the user. One can optionally use digital currency and fiat currency. There is no conflict of using both system because both are acceptable to the community. Aside from that due to pandemic online transaction find more suitable in this case so no wonder why we should also need to promote this kind of tra saction for the betterment and comfort of the users between digital currency and fiat currency users.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
August 07, 2020, 12:28:13 AM
#66
I think the COVID crisis can change our behavior in socialize and how we should when we are in the public area. We can wear a mask while we are in a meeting or other people in a room, and that will be normal to see in many places. In the payment system, people still use fiat/cash to buy something. However, they also use a digital currency to buy something from their homes because many of them still are careful if they want to shop or buy their daily needs, so they use the digital money to buy from homes.
copper member
Activity: 3010
Merit: 1284
https://linktr.ee/crwthopia
August 07, 2020, 12:24:20 AM
#65
In my circle, there are a lot of changes that were made, and they are transitioning towards the digital currency trend, and they are right to do that. Maybe there are a lot of reasons to go to do that, and it's the ease of use. Some people prefer digital payments instead of cash instead, and it could be the stepping stone that we need for cryptocurrencies to arise. In our country, there are a lot of custodial wallets that accept cryptocurrencies and are being used to pay in different forms, and I think it's going to be the trend everywhere.

P.S. paying bills is a breeze compared to lining up and waiting for an hour just to pay. Everyone is transitioning for sure.
jr. member
Activity: 69
Merit: 1
August 06, 2020, 10:24:37 PM
#64
So far our country is suffering in the virus people now days prefer online buying than go to the mall for their safety for me I think it will permanently change consumer behaviour because in this situation that our country facing Right now many people paid their bills thru digital currency  and that's so easy even if you are in your house you can pay your bills you don't need to go out
full member
Activity: 1316
Merit: 104
CitizenFinance.io
August 06, 2020, 06:50:07 PM
#63
COVID crisis has changed a lot of our human perspective. Most products that don't pay attention to digitalization are now had no choice but to implement one. We are in a new era of human phase that is making online present somehow compulsory. Most board and staff meetings are now been conducted viz Zoom.
legendary
Activity: 3556
Merit: 7011
Top Crypto Casino
August 06, 2020, 05:57:57 PM
#62
So far, it looks like the pandemic is here to stay. Countries are apparently trying to adapt to e-studying through online classes.. There are also lots of people who've adapted to credit card payments instead of cash as well. which means we're clearly going the digital way.
All of that is true except the first statement, that the pandemic is here to stay.  It isn't.  Like any viral outbreak, it will eventually run its course and/or we'll find a vaccine or an effective treatment for it.  People have gotten used to wearing masks and maintaining their distance from each other, and that will probably be a habit which will last but this isn't going to last forever.

I've not no problem with universities moving toward online classes, but I don't think that should be a permanent thing either.  Going to a classroom and interacting with peers and professors is important.  One thing I think will last is people's shopping habits and the way they pay for things.  Cash will probably phase out quicker than it has been, and people will continue to order things from sites like Amazon.

I wish I could say that cryptocurrency will benefit from this, but I don't think it will.  It certainly doesn't seem to have thus far, although people seem to be buying bitcoin and altcoins like crazy--they're just not spending them as far as I know. 

E-commerce is now getting bigger as we adopt to change. Perhaps, instead of cash, we are slowly transitioning to cashless and digital transactions.
Oh, that's definitely true and has been for some time now.  I know some people who never carry cash on them and use debit cards and/or smartphones to pay for everything.  Right now I'm just waiting for the US government to stop minting pennies and nickels, which would be a smart thing for them to do.
full member
Activity: 924
Merit: 221
August 06, 2020, 03:10:42 AM
#61
I don't believe that it will become permanently changed or cashless will take over or remove the traditional way in the society.
What I believe is, cashless will be the new trend and the traditional way will still stay as it is, it will be choice for the people what will they use.

There are lot of different using digital than physical, but we should also consider a lot of pros and cons on it. Even we say digital payment is really convenient, there are still lot of people don't want to use it or don't know what to do.
yes, that is right. Others are thinking differently why they like more on cashless when we can have an option to use when it comes to exchange goods, products and services. Cashless would be more suitable and comfort to high traffic transactions but traditional.exchange may be used also when everything in digital will going to experience technical issues.  We can expect on technical problems to arise of course we are using digital devices that has life span in terms of its use.
full member
Activity: 1190
Merit: 117
August 06, 2020, 02:39:47 AM
#60
The advantages of digital currency can prevent the spread of the corona virus, of course, causing consumer behavior to change.
Nowadays many people have started making financial transactions digitally, but this will not kill fiat currency. Even this change
in behavior will not be permanent, if a vaccine is found and the corona virus actually ends. It is likely that consumer behavior
will return to the beginning again, while still using physical money.
hero member
Activity: 672
Merit: 500
August 06, 2020, 01:19:37 AM
#59
digital payments are indeed the best choice for the current corona virus pandemic. But in my opinion, the measure for permanence is still far away, because until now we still need paper currency for the survival of a country's economy. so, let me say no in this case
sr. member
Activity: 2030
Merit: 269
August 05, 2020, 08:37:47 PM
#58
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

Yes it is in fact here in our country our government is now asking companies to go or integrate cashless for transactions to avoid contacts and people and companies are now integrating our local exchange for transaction, this pandemic create an advantage on using Cryptocurrency and it will continue even if there are no pandemic.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
August 05, 2020, 06:51:59 PM
#57
Now itself more small shops started to have their own QR CODES placed for the payment. Apart from this more self purchasing stores have increased a lot compared to the past. The usage of digital currency has grown slowly due to the pandemic caused globally, but it hasn't made big change in the user range of cryptocurrencies.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
August 05, 2020, 06:05:26 PM
#56
this is just speculation, in my country everyone is forced to work at home and even to order food must order online with digital currency payments, so we have more time at home, so I feel everything is made easier and maybe with eyes digital money will help prevent the spread of the virus from the paper currency that we use to make transactions, the opportunity for bitcoin and others to become alternative payments in the future

Now that the corona prohibits companies to facilitate inside their respective offices, allowing the workers to work from home.

Like what you have said, people deal now using digital ways of transactions, paying orders online using digital money,
what is good to this market,
people also learning this crypto currency and begin to use it online.
Positive impacts that will bring more newcomers to this market and
 new end users aside from traders and investors.

I do agree transaction today is made via online as this is part of new normal but the online scamming is so rampant which creates a huge upset to the people and might as well with the government. If we can see bitcoin has been used in good ways for sure we can see new comers coming up staking with us but this thing will be hard for now since some of the people are skeptical with new things especially if we talk about money.
newbie
Activity: 1
Merit: 0
August 05, 2020, 03:13:08 PM
#55
I think not, personally i have used many platforms but the one i liked the most was the MintMe platform. On this platform i have been able to make some donations to some foundations, but this is not the only thing that the platform has, you can also start a entrepreneurship and monetize it. Who has ever made a donation through a platform?
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
August 05, 2020, 02:48:46 PM
#54
this is just speculation, in my country everyone is forced to work at home and even to order food must order online with digital currency payments, so we have more time at home, so I feel everything is made easier and maybe with eyes digital money will help prevent the spread of the virus from the paper currency that we use to make transactions, the opportunity for bitcoin and others to become alternative payments in the future

Now that the corona prohibits companies to facilitate inside their respective offices, allowing the workers to work from home.

Like what you have said, people deal now using digital ways of transactions, paying orders online using digital money,
what is good to this market,
people also learning this crypto currency and begin to use it online.
Positive impacts that will bring more newcomers to this market and
 new end users aside from traders and investors.
Ucy
sr. member
Activity: 2744
Merit: 404
Compare rates on different exchanges & swap.
August 05, 2020, 01:09:56 PM
#53
One of the key SOP for COVID19 is contact less transaction and deliveries. Most vendors are now upselling this service and most consumers are going for it.  In my opinion digital currency will now become an everyday necessity.

But the problem with digital currency is that it can be easily tracked hence, you can forget your privacy.

Well, you don't just forget your privacy because it's digital currency...you can implement strong privacy features and make tracking innocent users difficult. It should also be possible to use digital currency (like crypto) as you would normally use physical currency
sr. member
Activity: 644
Merit: 364
In Code We Trust
August 05, 2020, 10:53:14 AM
#52
As far as I can see, most are now starting to adopt to various technology, starting from education system, financial, and transportation. Now that we are still striving to get our financial stability back, our children also needs to do their task which is to study hard. Parents are now becoming open to buy computers, tablets and other devices to access the internet and what's good with this is that, they are becoming aware of the technology and its application. E-commerce is now getting bigger as we adopt to change. Perhaps, instead of cash, we are slowly transitioning to cashless and digital transactions. We as bitcoin enthusiast have a great role to introduce new payment system to make transaction easier. Especially to our parents who often wash and sanitize their cash to make sure it's safe and virus free.
full member
Activity: 1540
Merit: 219
August 05, 2020, 01:16:19 AM
#51
As we all know that this pandemic is temporary and will probably end soon.

There are people who already engaged in the use of cryptocurrency or they invest their money in crypto to secure their future and fight inflation. Also, people don't want to make physical payment and this digital currencies are really helpful and less hassle to utilize in many transactions.

This pandemic really changed a lot of things including the mentality of people towards the virus, towards the government and towards the reality of life. This crisis really
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
August 04, 2020, 11:45:13 PM
#50
this is just speculation, in my country everyone is forced to work at home and even to order food must order online with digital currency payments, so we have more time at home, so I feel everything is made easier and maybe with eyes digital money will help prevent the spread of the virus from the paper currency that we use to make transactions, the opportunity for bitcoin and others to become alternative payments in the future
hero member
Activity: 1316
Merit: 379
WOLFBET.COM - Exclusive VIP Rewards
August 04, 2020, 11:43:56 PM
#49
The corona pandemic has just accelerated what was an evolving payment shift. Online shopping as well as online payments were bubbling but frost with security issues. With Covid19 safety protocols tilting toward reduced contact, it is no brainer that adoption of online payments will be the option henceforth.
hero member
Activity: 2660
Merit: 630
August 04, 2020, 06:59:52 PM
#48

Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

I assume this question depends on government to answer. If government in their policy do not make digital currency, cryptocurrency a legal means of transacting financially, then the customers have no choice than continuing to fully use fiat but if the government allows cryptocurrency to operate freely, it means customers behaviour can change.
hero member
Activity: 2002
Merit: 535
August 04, 2020, 06:45:14 PM
#47
There will be definite changes by everyone after the pandemic, to see a complete change in how people use currency in which form is a difficult question to answer but there will be major changes in how we consume things, like how much money and time we will be spending for entertainment or we will watch everything at the comfort of our house and how we conduct our jobs, rather than travelling daily to office the pandemic has shown that we can sit at home and still do out job and that is the case with education. So there will be major changes in the future but we cannot pin point that to one particular aspect.
member
Activity: 1358
Merit: 81
August 04, 2020, 06:17:16 PM
#46
It is true that Covid19 has pushed us to make our activities more digital. But we must take advantage of this fact of making technology more inclusive. Now humanity needs to adapt to the new financial, educational and all kinds of systems because they need to find solutions in digital technology.  In this reality, Bitcoin and cryptocurrencies have their best moment.

full member
Activity: 616
Merit: 108
io.ezystayz.com
August 04, 2020, 05:57:53 PM
#45
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

No doubt, there will be a massive shift towards the use of digital currency for transactions because this pandemic has lurk around for quite so long but make no mistake, physical cash will never dies off. We all expected people should start using bitcoin fpr day-to-day transactions due to the pandemic but reverse was the case as there wasn't any feesible increase to the adoption of bitcoin because people have learned to use mobile bank apps and debit cards for transactions
full member
Activity: 173
Merit: 120
August 04, 2020, 05:44:15 PM
#44
You are right. Covid-19 really opens the door of digital world and more so on digital currencies. But I believe that cryptocurrencies won't replace our traditional ways of financial management or the fiat itself. Aside from this high technology-driven world now, there's still a lot of places around the globe that is so uncivilized and have no signal, internet connection nor smart gadgets and they have no knowledge about this IT thing here. So, for me, digital currencies is for the cities only, and it can't be used by everyone, even during this pandemic.
What I find interesting is how hard cash (paper bills/coins) has greatly diminished in use at least in the USA.  'Contactless' transactions is the preference now so it should benefit crypto currencies in the end.  For routine purchases I still favor the credit card for the mile$, but if I was a cash or debit card user, bitcoin on a digital wallet might have a value proposition if adopted/supported by vendors.  Hopefully sooner than later.
jr. member
Activity: 210
Merit: 2
August 04, 2020, 11:03:14 AM
#43
You are right. Covid-19 really opens the door of digital world and more so on digital currencies. But I believe that cryptocurrencies won't replace our traditional ways of financial management or the fiat itself. Aside from this high technology-driven world now, there's still a lot of places around the globe that is so uncivilized and have no signal, internet connection nor smart gadgets and they have no knowledge about this IT thing here. So, for me, digital currencies is for the cities only, and it can't be used by everyone, even during this pandemic.
hero member
Activity: 2310
Merit: 832
🌀 Cosmic Casino
August 04, 2020, 10:33:29 AM
#42
In my opinion, Coronavirus has given people a new perspective about digital technologies and available digital payment products like cryptocurrencies. At the moment, most banks and organizations have been to close down. It's worth noting that a lot of people have gotten to know about crypto in the past couple of months and it's quickly becoming the most preferred option for making online payments. However, it's unclear whether or not people will stick to using crypto when everything goes back to normal.
copper member
Activity: 658
Merit: 402
August 04, 2020, 09:35:25 AM
#41
We can see that digital transaction is growing and that this pandemic allows people to adopt this method of payment because they find it safer than using the traditional method. We are not sure until when this pandemic will last, but even when it's gone, people already saw the convenience of digital payment and they might continue adopting it. However, when we say digital payment, it does not necessarily mean Bitcoin or cryptocurrency since it's quite complicated for others and is not accessible for everyone. Also, the government has to say about this, whether it is accepted or not.
legendary
Activity: 2282
Merit: 3014
August 04, 2020, 09:18:19 AM
#40
I think the corona virus is going to change many things permanently, some for the better and some for the worse.  I do think a big part of gold and bitcoins rise is the fear of a global depression and these assets will be used as "safe havens".  I think this will teach people that it's important to have those safe havens which will lead to long term upside for bitcoin and other crypto coins.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
August 04, 2020, 08:44:35 AM
#39
Right now we are avoiding having an interaction with other people and even we are trying to escape this still there is a contact with this and how it is? Money.

Money is one of the dirtiest things of all time because it came from the hand of different people and sometimes we didn't disinfect this thing and right now we want to secure our selves to not getting attached to this virus and what is the effective thing we could do? Digital currency.

Today we are using more on online transactions we don't want to get outside because the virus right now is airborne and also with the help of the online transaction more convenient and less hassle but how about the cryptocurrency right now there are some of the people and business accept this kind of payment so think sooner or later they will adopt this kind of changes.
full member
Activity: 686
Merit: 125
August 04, 2020, 08:38:34 AM
#38
Because of comfort of having digital transaction many of the users will tend to use it as an advantage and comfort on their part. This is why I cast my vote on that digital currencies may become the best option in transaction. However, I doubt about bitcoin. It seems hard to use this technology due to market value volatility and transaction cost per conversion of bitcoin to fiat. As we all know most establishment accept.btc as payment but it is automaticaaly converted to fiat once thet receive it using a system that could cater this process.
legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
August 04, 2020, 08:36:47 AM
#37
To be honest, this has shown that the world needs to take a different stance towards physical currency, I think that many governments should start educating people to start using electronic currencies and forms of electronic payments in the future. I don't know if bitcoin would be a good alternative to be used as a means of payment because of volatility, but there are many altcoins that can be very useful in this part of electronic payments.
sr. member
Activity: 1288
Merit: 253
August 04, 2020, 08:27:29 AM
#36
Any prediction will be the end of covid 19 and have possibility at this year corona virus will be success stop around the world, my country keep continue every day get new victim more than one thousand people, I think is very big amount and until today above thousand hundred people become victim of covid 19.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
August 04, 2020, 04:35:55 AM
#35
So far, it looks like the pandemic is here to stay. Countries are apparently trying to adapt to e-studying through online classes.. There are also lots of people who've adapted to credit card payments instead of cash as well. which means we're clearly going the digital way.

That's why many people said that this is the best time for the digital currency to become useful and popular, especially cryptocurrency. People are scared to go outside, to pay bills physically and going outside, that's why they settle to pay online using third parties or online apps that will process their transactions. It is less hassle and you don't need to go outside and risk your health, you are just sitting in your house, accessing your digital wallet and then you can pay anything that you need to pay.

This pandemic is the best season also for online businesses as people are only shopping online and rely on those shipment or deliveries, which is good.

So if you will try to make a business, don't hesitate to invest an online shops.
sr. member
Activity: 1358
Merit: 326
August 04, 2020, 04:03:33 AM
#34
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

it may affect of course. In our country, there are more people who wanted to learn about digital currency as well as digital payments as transactions. Especially that our government implemented another modified enhanced community quarantine(MECQ) in our area. Thus, people will make another interesting approach towards digital currency.
hero member
Activity: 2828
Merit: 553
August 04, 2020, 12:06:16 AM
#33

Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

Depends, if the digital payment system flaws will be fixed.
To name a  few such as  ;
- Sudden offline status
- extra charges/ transaction fees
- universal acceptance of all payment processor.
Though with the current pandemic, most of the payment processors will surely have enough time to study on which area they're able to improve specially now that we're expecting a massive volume of digital transactions.

On the other hand, the rise of digital currency today is an advantage for Bitcoin. But the problem is, does people use it as a primary option?
full member
Activity: 2268
Merit: 121
Reward: 10M Sheen (Approx. 5000 BNB) Bounty
August 03, 2020, 10:59:43 PM
#32
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

I think this will depend on how the government reacts and establish guidelines for finance transfers.  If the government make it available and implement the guideline strictly about the use of digital currency then it is possible that consumer will be inclined to change the behavior towards digital currency "permanently".
It seems that in many countries the application of digital money is strongly recommended because it is clear to avoid direct contact that could make a new pandemic occur. by not using paper currency, the certainty that new pandemic will be avoided from each transaction using paper money will be reduced even though the use of paper money is still a very favorite transaction in several countries. because the use of paper money is still dominant in traditional markets and we cannot avoid it, even though there is an appeal but the use must still be done because of the habit in the traditional market.

it's actually clear the government will be helped if people want to use digital currency. but it may not always have to be with crypto money, because now it has also developed in many countries digital money held by several companies that are not directly connected with banking.
Digital money is very much helpful in a pandemic like this, because the growth of online services is very significant and transactions through digital money are needed.
legendary
Activity: 3052
Merit: 1281
August 03, 2020, 10:43:56 PM
#31
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

I think this will depend on how the government reacts and establish guidelines for finance transfers.  If the government make it available and implement the guideline strictly about the use of digital currency then it is possible that consumer will be inclined to change the behavior towards digital currency "permanently".
hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice
August 03, 2020, 10:21:33 PM
#30
I've always been big on both cash payments and crypto payments when possible as I think it's better for both individuals, companies and society.

Coronavirus has had zero impact on my underlying beliefs about any of those systems.
sr. member
Activity: 2828
Merit: 344
win lambo...
August 03, 2020, 09:16:53 PM
#29
As i can see even IMF shared their positive feedback towards innovation and replacing the old Fiat monetary system that's fundamentally flawed, and currently in a brink of collapse due to its infinite money printing that's devalues other money already in circulation especially in this times of pandemic they're printing trillions of new paper money every day.

The government isn't particularly giving way for crypto to dominate the market and outplays fiat money that is why they keep printing paper money to anticipate that digital transformation. Because if people are in the go to Bitcoin, its likely they can't make benefits from it.

With this circumstances, its either not see Bitcoin willfully adopted globally, the existing fiat monetary system will still be dominating. And so people will still make use of fiat than to adopt cryto.
legendary
Activity: 3388
Merit: 3154
August 03, 2020, 09:03:57 PM
#28
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

This is good times for digital services... i have a local web development service and is on fire nowadays. And the crypto casinos have nome action than ever. So he crisis is for local business, not for the online ones
sr. member
Activity: 1400
Merit: 269
August 03, 2020, 07:12:27 PM
#27
As i can see even IMF shared their positive feedback towards innovation and replacing the old Fiat monetary system that's fundamentally flawed, and currently in a brink of collapse due to its infinite money printing that's devalues other money already in circulation especially in this times of pandemic they're printing trillions of new paper money every day.
sr. member
Activity: 1876
Merit: 318
August 03, 2020, 06:52:20 PM
#26
It is true that this corona virus forces us to change our lifestyle to be cleaner and always use digital currency to avoid physical contact.
But this does not make everyone permanently change always using digital currency. Even in the area where I live people just to go back
to using cash money after the government reports that there is a decrease in the number of people who are positive  for the corona virus.
The conclusion to change the behavior of all people is not as easy as imagined, especially for old people the habit of using cash money
considered more comfortable.
legendary
Activity: 2576
Merit: 1043
Need a Marketing Manager? |Telegram ID- @LT_Mouse
August 03, 2020, 06:26:10 PM
#25
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
For sure people will surely use digital transactions for a long time because of this pandemic but still there are some who will prefer to use physical cash because they don't have any digital cash.

This pandemic surely affected many people globally and the WHO said already that there is a chance that the virus will stay even though there is a cure being created soon. Although people are leaning towards digital transactions right now, I don't think that it will be like that permanently. There will be a time where people will go back to the normal transactions where they are using physical cash but it will take time for that to happen.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
August 03, 2020, 05:59:23 PM
#24
Using cashless payment has been encouraged this time because of the pandemic but I know this will never be forever and the crisis will be over soon which makes people get back using fiat again at that time. Well, I consider this an evolving phase but not actually that we are at the finished line yet, it takes more time, gonna be years or more to make it and not only because we are in COVID-19 but because people are fully adapting crypto leaving fiat at all.

Anyway, since we are already in this situation, why not maximize the use of Bitcoin? We have this option and it also gives us a comfortable way in payment system.

Not many people will have the opportunity to use bitcoin as not all of them are willing to try crypto. Either they do not want to try cryptocurrency because of less to no knowledge of using it or because of their knowledge that crypto is somewhat used in fraudulent activities. Though many want to be cashless nowadays, but still using fiat can't be avoided in some transactions. And using only digital payment would take time to be accomplished.
hero member
Activity: 2828
Merit: 518
August 03, 2020, 05:50:28 PM
#23
Using cashless payment has been encouraged this time because of the pandemic but I know this will never be forever and the crisis will be over soon which makes people get back using fiat again at that time. Well, I consider this an evolving phase but not actually that we are at the finished line yet, it takes more time, gonna be years or more to make it and not only because we are in COVID-19 but because people are fully adapting crypto leaving fiat at all.

Anyway, since we are already in this situation, why not maximize the use of Bitcoin? We have this option and it also gives us a comfortable way in payment system.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
August 03, 2020, 05:28:55 PM
#22

If the COVID crisis continue next year, more and more people are going to move to digital payments. I have already seen stores in my town accepting digital payments. Once its normalized that people who has no idea how to do it gradually learn to pay using their mobile phones, the adoption to cryptocurrency increases. The entire world if not all have android phones already to use for this purpose so we are set to adopt it.
hero member
Activity: 2184
Merit: 531
August 03, 2020, 05:22:56 PM
#21
This pandemic is not going to become anything bigger than it's already is. The number of cases is increasing but the number of deaths per case is decreasing.

Of course this is just the beginning. In time we'll have a new more mutated version of coronavirus or another mutated bird flu or something else. People already know that Internet stores and cashless transactions are the future and those who had no ability to use them before the outbreak will for sure be ready for another one.
Bitcoin also should be ready with faster and cheaper transactions and an infrastructure to accomodate all buyers in case of a new pandemic.
legendary
Activity: 2562
Merit: 1399
August 03, 2020, 04:44:09 PM
#20
I don't believe that it will become permanently changed or cashless will take over or remove the traditional way in the society.
What I believe is, cashless will be the new trend and the traditional way will still stay as it is, it will be choice for the people what will they use.

There are lot of different using digital than physical, but we should also consider a lot of pros and cons on it. Even we say digital payment is really convenient, there are still lot of people don't want to use it or don't know what to do.
legendary
Activity: 1232
Merit: 1257
August 03, 2020, 04:03:42 PM
#19
Even before Covid, central banks were moving towards CBDCs.
The digital yuan is already being tested.
Also other central banks ( EZB, BoE, etc.) have stated that efforts are already being made to move towards a CBDC.

I still hope that we don't become a 'cashless society', where in my opinion the disadvantages clearly outweigh the benefits.
full member
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
August 03, 2020, 03:48:49 PM
#18
I was used to the digital payment system before the pandemic. But I can surely say that Covid-19 made us using digital payment forcefully. At present I see my family members doing this quite a lot. In our country there is no cash on delivery now. You have to pay the bills before you place the order. Or if you want to select the cash on delivery system you have to select cashless delivery. Which is when you receive the product you need to pay the bill through mobile banking apps. That's how the digital payment is increasing day by day. And the people of my country is adopting it to their life for this Covid-19 situation, because there is no other option. 
legendary
Activity: 3122
Merit: 1398
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August 03, 2020, 03:01:55 PM
#17
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

Even before the pandemic, doing cashless transactions is highly encouraged.

So to rephrase your statement, towards "digital payments" and not "digital currency".

With or without pandemic, expect that the volume of digital payment will increase time by time. But unfortunately, it doesn't mean BTC will always be considered to be used, at least from what I observed here in our community. We have to accept that bitcoin is still far from being accepted nor consider being used worldwide especially at a time like this due to the fact that there are not many merchants accepting crypto-payments directly or simply people are having more convenience with fiat payments online on which transaction are just 1-tap.
sr. member
Activity: 1960
Merit: 370
August 03, 2020, 12:48:28 PM
#16
Theoretically people will look for fiat alternative because of the situation where paper money could catch a virus, but the question is will people be looking for decentralized? This is not a question for use since we already use it, but for people who aren't in touch with the crypto, and since we do have a lot of alternative to fiat currency as an option and medium for payment crypto might just be set aside. First we have a digital payment processors like paypal and we do have wired/electronic transfer. So I guess we are going to see a growth on crypto but it's not that huge, however digital payment processors are into crypto not, so let's just see what happens.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
August 03, 2020, 12:47:35 PM
#15
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
Probably but it will be for the better, I really think that this crisis took everyone by surprise and this hit the economies of the world, so while people are waiting for things to go back to the way they were I think the next decade is going to be challenge for governments as they try to keep their economies together only to fail at the end.

And while this may seem bad for cryptocurrencies you must remember that bitcoin was created with that scenario in mind, an scenario where the fiat currencies of the world fail and lose the trust of the public is all but a given now with the only caveat that we do not have an exact date for that crisis, but at some point people will realize that gold and bitcoin are good options to save yourself from it with bitcoin being the superior choice as unlike gold you can trade it online without the need to identify yourself.
member
Activity: 1302
Merit: 25
August 03, 2020, 12:36:03 PM
#14

Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

I think it changed to positive for the use of digital currency. Lately since covid-19 has been taking over the world, there has been uprising use of bitcoin and this is one big reason that bitcoin has been going up even when many think its price could be going down. The digital currency is now gaining much relevance because it takes away third party contact.
legendary
Activity: 1134
Merit: 1599
August 03, 2020, 12:34:46 PM
#13
no.
people have been using digital form of payment for a long time now even without COVID-19 pandemic. in fact usage of physical cash has been very little in most places in the world.
with the pandemic they may have moved more towards digital payments but not towards bitcoin and decentralized money. bitcoin still needs adoption (merchants accepting it, employers paying salaries in it,...) before we can see people move towards bitcoin.
other cryptocurrencies are useless anyways so there is nothing there to go to in first place!
I'd argue that, once you get the hang of digital payments, you'd be more interested imo to check out BTC as well. A lot of people don't like BTC because it's virtual, so using virtual fiat vs using a virtual decentralized currency is only a small step away. I hear "please use card payments as often as possible" every like 10 seconds in our grocery stores and I think the constant repetiton of those words will make a difference at one point, lol.
member
Activity: 909
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www.cd3d.app
August 03, 2020, 12:18:13 PM
#12
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
Maybe,Covid19 pandemic will stay for so long but i don't think that it will bring people towards digital currency because digital currency is not yet legally accepted anywhere. Also government still issuing a new design of fiat money despite of this pandemic which means government has no plan to adopt digital currency. This is just my point of view for my country. In other country that are already accepting cryptocurrency and allow their people to use it,using atm machines and other modern technology in cryptocurrency,I think it is easy for then to adopt digital currency as a new normal due to pandemic.
hero member
Activity: 2058
Merit: 578
No God or Kings, only BITCOIN.
August 03, 2020, 12:08:09 PM
#11
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
I wouldn't say it will be permanent but there are factors to consider regarding consumer behaviours. So far, I think the lean towards using digital payments in my country has increased since people now are into selling goods online. I don't think bitcoin is into those digital payments accepted here but more like those are still just cash from some digital payment providers and I think we are far more to accept that norm paying digital currencies like bitcoin.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
August 03, 2020, 11:52:50 AM
#10
no.
people have been using digital form of payment for a long time now even without COVID-19 pandemic. in fact usage of physical cash has been very little in most places in the world.
with the pandemic they may have moved more towards digital payments but not towards bitcoin and decentralized money. bitcoin still needs adoption (merchants accepting it, employers paying salaries in it,...) before we can see people move towards bitcoin.
other cryptocurrencies are useless anyways so there is nothing there to go to in first place!
hero member
Activity: 3234
Merit: 941
August 03, 2020, 11:46:52 AM
#9
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh

The COVID-19 crisis is spreading,not evolving.There's a difference between those two terms.
Consumer behavior can't be changed just like that.If you asking about whether or not the people will pay with Bitcoins when buying bread and tomatoes,then I would say no,this will most likely never happen.
Cryptocurrencies are still recognized mostly as an investment asset,rather than actual currencies used for daily purchases.The current pandemic isn't shifting this mindset.
I wouldn't say "elevation from physical to digital",because the digital world still has many flaws and we should not put it on a pedestal.The "digital" isn't always superior,compared with the "physical".
full member
Activity: 1065
Merit: 103
August 03, 2020, 11:45:45 AM
#8
What is more visible is the current pandemic do boosted online shopping and use of virtual currency which were already taking their grounds. If 20% of people were ordering their food online, now 40% are doing so. If 20% of meetings were held through video conference, now 80% are done so.
The pandemic has decreased social gatherings. It's a dream came true for introverts. Ceremonies like wedding are happening with less expenditure and presence. And the virus is here to stay.
sr. member
Activity: 547
Merit: 253
August 03, 2020, 10:44:09 AM
#7
People will no doubt surely be more appealed towards digital payments due to them preferring to not transact with physical cash. But regardless, I personally don't think physical cash transactions will necessarily die as there's definitely still advantages with using physical cash(privacy is one).

With that said, no; it doesn't necessarily mean people are going to move to bitcoin. People will mostly be using platforms such as Cash App and Venmo.

Definitely true, people using digital currency will give them the benefit and ease of transacting payments without physical cash. While this one is great, physical cash will not go obsolete. However, CBDC on most countries like chinese digital yuan, japanese yen, and other experimented digital currency initiated by central banks may spell "yes to utmost adoption" of digital payments.

With current pandemic, it is worth to use digital currency to avoid the spread of diseases.
legendary
Activity: 2772
Merit: 1888
Rollbit.com | #1 Solana Casino
August 03, 2020, 09:21:03 AM
#6
Permanent changes may not be possible at this time, because paper money is still widely used by many people, especially people who are not familiar with digital currencies. every bank ATM is still a lot and provides paper money to be used as an offline transaction tool. In the digital era, as now all things can be done digitally, several platforms that provide digital payment services have begun to develop, especially every local bank in several countries providing transaction facilities that can be done online without having to use banknotes.

The use of Crypto as an alternative digital currency payment is still hampered by several regulations in each country.
hero member
Activity: 2156
Merit: 803
Top Crypto Casino
August 03, 2020, 08:50:43 AM
#5
One of the key SOP for COVID19 is contact less transaction and deliveries. Most vendors are now upselling this service and most consumers are going for it.  In my opinion digital currency will now become an everyday necessity.

But the problem with digital currency is that it can be easily tracked hence, you can forget your privacy.
hero member
Activity: 2856
Merit: 667
August 03, 2020, 08:43:54 AM
#4
An increase of demand for online payment system or digital currencies is happening, but that doesn't mean that paper money will be surpassed on its demand as even how successful the online world, majority are still using paper money for their daily needs. Yes, the world is evolving but it does not chance the norms, it's just giving us more option to transact our money for our convenience, and online currencies does not give convenience to all.
mk4
legendary
Activity: 2940
Merit: 3883
📟 t3rminal.xyz
August 03, 2020, 08:35:31 AM
#3
People will no doubt surely be more appealed towards digital payments due to them preferring to not transact with physical cash. But regardless, I personally don't think physical cash transactions will necessarily die as there's definitely still advantages with using physical cash(privacy is one).

With that said, no; it doesn't necessarily mean people are going to move to bitcoin. People will mostly be using platforms such as Cash App and Venmo.
legendary
Activity: 1134
Merit: 1599
August 03, 2020, 08:32:54 AM
#2
So far, it looks like the pandemic is here to stay. Countries are apparently trying to adapt to e-studying through online classes.. There are also lots of people who've adapted to credit card payments instead of cash as well. which means we're clearly going the digital way.

So yeah, to me it looks like the situation definitely pushes digital currencies forward and most likely increased crypto usage as well (this is pretty obvious in a lot of the charts and data from the last months). And then we have time - the more passes, the newer generations of humans are which results in a better adaptation to technology.
newbie
Activity: 32
Merit: 0
August 03, 2020, 07:45:34 AM
#1
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
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