As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Well, it is a good thing, but what difference does it make? Digital currencies are one out of the many ways that transactions are being done these days. There are lots of other ways that you can also do transactions these days, payment methods such as Visa, MasterCard, PayPal, CashApp, Venmo, and so many of them are being used by a lot of people for their transactions. So it’s not like the cryptocurrency is the only thing that is being adopted by all these corporate and common people.The way I see it there’s going to be a balance between cryptocurrency and other methods of payments there are. 
Topic: Is Covid-19 carrying the growth in digital currencies? - page 4. (Read 675 times)
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
By and large, it is safe to say that pandemic has forced governments all round the globe to accelerate the the implementation of CBDC (which is centralized form of digital currency) into financial system of their countries but whether this is good for cryptocurrency like bitcoin and such is an arguable question. There are concerns that in long-term perspective cryptocurencies will be undermined by the pressures of CBDC.
So now many large institutions are entering digital finance because this is the best solution easily and simply.
During the pandemic, of course, contact is not allowed when transacting so digital money is far better in the current era.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
If you say about fiat money transform into digital fiat money, then yes, Covid-19 transform their payment into digital because that will be less contact to use paper money. People do not have to use paper money to pay, but they can scan the QR code or deposit their cash into digital money to pay directly using that code or enter the amount that they want to pay. I think it happened for some while before the Covid-19, but the trend became higher in this pandemic since people care about their health. Using digital money can save their fiat money for another reason or deposit their paper money into digital money. 
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
I do not think people are more interested in Bitcoin (Crypto currencies) because they want alternative payment options. I think the main driving factor behind Crypto currencies are investment related. People are looking for ways to make money, during a period where "money making" through traditional methods are a lot harder. (businesses had to close and people lost their jobs)
Yes, there might be a small percentage of people who might be using Crypto currencies, but they are just a handful of true believers in the technology. ( I am one of them and I know of very little other people in my immediate surrounding that actually use Crypto as a currency, apart from online gambling and some Pornhub subscriptions. )
It is more appealing to use it as an investment option, because the volatility makes it attractive as a Commodity.
I think it does a great job in creating more awareness; we are more dependent on our technological devices for transacting, so we spend more time on our phones. of course, e-wallet services are taking advantage of the new trend. I think it's only applicable for the developing country; probably not that new for the developed ones.
why would anyone associate something unrelated, didn't you notice at the start of last year's pandemic
i can tell if the situation wasn't like it is now then even better things would have happened
I think this pandemic is somehow related to the bull market since it is widely used these days ever since the lockdown started last year, therefore expanding and increasing the adoption of crypto currency. Plus you include the hype of Elon Musk before to the dogecoin and investment in Bitcoin, it pushes more people to FOMO instead since the market suddenly pump each day until it reaches the $64k ATH.i can tell if the situation wasn't like it is now then even better things would have happened
So if there's no pandemic I don't know if Bitcoin would be able to reach the $64k within this year, maybe Bitcoin would still be lurking at the level of $40k to $50k-ish. Who knows? We all have different opinions and ideas but no one is certain if Covid-19 give a great cause to the crypto community.
It is still to be adopted. However, if the time comes when bitcoin gets widely adooted worldwide, there will surely be huge gain in the market and not just with bitcoin. I can only imagine how easy things would be and how good it would feel to be using something that isn't managed by anyone else but yourself. But as you said, even today, a lot of people are venturing into this industry because of this pandemic which has caused the massive price hike in almost every crypto currency in this industry. Just try and think how much this industry would flourish if the world decides to adopt crypto currencies fully.
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
I have a different point of view, it is true that many people came to the cryptocurrency market during the pandemic situation and it is only because they had more time to look at new market places and wanted to diversify their investment because of global situations rather than anything else. If you look at the adoption rate, you cannot see that kind of adoption locally in my country and people will not jump into cryptocurrency thinking that they will start using them for local purchases.
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
why would anyone associate something unrelated, didn't you notice at the start of last year's pandemic
i can tell if the situation wasn't like it is now then even better things would have happened
i can tell if the situation wasn't like it is now then even better things would have happened
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
The reason for growth of the price in cryptocurrencies was never the covid-19 or vaccine and the reason for the recent price fall was not related to this crisis, covid-19 didn't help bitcoin to rise so this can make it fall. However, during the breakout of covid-19 since people had to stay at home and do everything online, they started to know more about bitcoin and the other cryptocurrencies and this can be an small reason for rise of the bitcoin during last months.
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
I don't think that there is necessarily that much adoption.
Rather, the risk appetite has universally increased and as a result, people have tended to increase their percentage allocations in volatile assets such as cryptocoins.
Some people have legitimately adopted cryptos as a store of value over the pandemic, no doubt about it. But there's much more who are simply gambling on their Robinhood or Bitmex accounts with leverage and cryptocurrencies as the medium - and that's not necessarily a positive thing.
perhaps when the epidemic broke out, people would turn to the development of cryptocurrencies, when everyone could not go out and had to isolate at home, in addition to trading cryptocurrencies, there was no other jobs make a profit by it.
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Scientists didn't find any evidence that cash is a significant vector of covid-19 transmission, so there's actually hasn't been a large increase in digital payment methods. Digital payment methods have already been growing in popularity for many years. And by the way, you shouldn't mistake them with "digital currencies", because they use the regular fiat currencies.
The number of cases when people decided to switch to Bitcoin because they are afraid to catch covid-19 from cash is virtually non-existent.
How will be easy the day today life after adopting for digital currencies?
You tell me. What will change for average BOB? He has paypal, he has visa, he has instant payments like Stripe, apple pay, google pay... what will change for him if he is not a crypto gambler that stores all his wealth in crypto? Even if ... we have binance card that instantly swap your crypto into fiats. We dont need Starbucks or Walmart to accept bitcoin.
Average BOB dont care about anonymity (share all his sensitive data with facebook/google every day), don't care about currency he is using (the promise of possession has replaced possession for the sake of convenience - gold has been replaced by banknotes), does not know what inflation is. He wants cheap and fast payment methods. thats all. thats what he gets from fiats. Big companies knows that less than 1% would be interested in crypto payments - otherwise they would start to accept BTC in 2014.
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Electronic payment systems are not the same thing as digital currencies. China is trying to push a digital currency, and if it proves successful it is likely the US will eventually respond with a digital dollar of their own. PayPal, Square and other digital wallets are not actually digital currencies, they're just electronic payment platforms denominated in whatever currency they're transacting in.
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Imo, the influx of institutions and prominent investors into the network is not a result of the quest for an alternative means of making transactions, but rather as a result of inflation/devaluation that has affected Fiat currencies and looks to get worse, Bitcoin is a sort of hedge against such devaluation and this corporations know that, thus they now believe in the network to retain or pump the value of their funds, that's why there's been quite a lot of adoption of late. Jump to: