In my opinion the payment of BTC is not a complete thing, because currently there are many forms of payment such as visa or credit card or paypal, so BTC cannot be a single type of payment that everyone uses.
yes it happens because the price of bitcoin is very volatile. this is what makes bitcoins cannot be used as legal tender. besides that there are still many things that must be studied about the circulation of bitcoin, especially if bitcoin is used as a means of payment that is accepted by everyone. 
Topic: Is Covid-19 carrying the growth in digital currencies? (Read 678 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?
I don't think too many businesses adopted crypto as a payment option so much as adopted mainstream electronic payment platforms such as PayPal and Square as payment options. The COVID-19 pandemic pushed forward digitalization, not necessarily crypto adoption.
Some countries was using digital payments before covid-19 but after pandemic more countries are using cashless payments. We can say that people are in lockdown can not go from one place to another so they will payments from home with these digital currencies. covid-19 has big impact on digital currency growth. In spare time everybody has affected by this digital currency system and we expect more growth in future.
I agree with your opinion, this pandemic has indeed made people more familiar with digital currencies. The pandemic forces them to work or study from home, but it doesn't stop there, they also want to earn money by using the internet. after that they will most likely go to digital currency. How will be easy the day today life after adopting for digital currencies?
it wont be easy at first more on to those that have a difficulty in understanding techy things but eventually it will be learned .they only need to put dedication .
life then after that would become much easier because we dont need to travel far when we want to pay someone else .
In my opinion the payment of BTC is not a complete thing, because currently there are many forms of payment such as visa or credit card or paypal, so BTC cannot be a single type of payment that everyone uses.
but you think all can use the payment methods that you mention ? they have certain requirement or age restrictions but btc is a total freedom . 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?
In my opinion the payment of BTC is not a complete thing, because currently there are many forms of payment such as visa or credit card or paypal, so BTC cannot be a single type of payment that everyone uses.
Yes, because the movement of people is very much limited. It is still much safer to just stay at home and do online transactions such as buying things online, making payments and other business transactions. When it comes to investment, because of the technology and internet, most people are knowledgeable of digital currencies. It is also a peer-to-peer sharing of knowledge. it is important to learn first about digital currencies this time of pandemic.
Some countries was using digital payments before covid-19 but after pandemic more countries are using cashless payments. We can say that people are in lockdown can not go from one place to another so they will payments from home with these digital currencies. covid-19 has big impact on digital currency growth. In spare time everybody has affected by this digital currency system and we expect more growth in future.
I agree with your opinion, this pandemic has indeed made people more familiar with digital currencies. The pandemic forces them to work or study from home, but it doesn't stop there, they also want to earn money by using the internet. after that they will most likely go to digital currency. 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?
In my country most workers still work from home and so do students, everything is done digitally. With the internet, those who previously didn't know bitcoin might know because of this factor, activities at home are only with gadgets and the internet. financially also with the internet. With this covid, they must definitely look for investment option or start learning investment, from the plan of learning about the stock market, and ended in crypto market.
Some countries was using digital payments before covid-19 but after pandemic more countries are using cashless payments. We can say that people are in lockdown can not go from one place to another so they will payments from home with these digital currencies. covid-19 has big impact on digital currency growth. In spare time everybody has affected by this digital currency system and we expect more growth in future.
The massive collaboration and innovation that fintech continues to develop during the pandemic is also increasingly attracting public interest in using electronic money. The need is even greater, because people cannot contact directly. So we need technology to be able to transact. Second, because of the stimulus from the government for SMEs, and other informal sectors that certainly need fintech assistance, especially for those who do not have access to banks,
Some countries was using digital payments before covid-19 but after pandemic more countries are using cashless payments. We can say that people are in lockdown can not go from one place to another so they will payments from home with these digital currencies. covid-19 has big impact on digital currency growth. In spare time everybody has affected by this digital currency system and we expect more growth in future.
The trigger may come in the form of some economic policy from the government. Here in India, back in 2016 we had devaluation of certain high denomination banknotes. This created an acute shortage of physical cash, a lot of vendors and ordinary people started using mobile payment methods such as PayTM and Google Pay. Unfortunately, cryptocurrency couldn't make use of the opportunity, because at that time the legal status was unclear in India (and even now, it continues to be so).
Some countries was using digital payments before covid-19 but after pandemic more countries are using cashless payments. We can say that people are in lockdown can not go from one place to another so they will payments from home with these digital currencies. covid-19 has big impact on digital currency growth. In spare time everybody has affected by this digital currency system and we expect more growth in future.
The massive collaboration and innovation that fintech continues to develop during the pandemic is also increasingly attracting public interest in using electronic money. The need is even greater, because people cannot contact directly. So we need technology to be able to transact. Second, because of the stimulus from the government for SMEs, and other informal sectors that certainly need fintech assistance, especially for those who do not have access to banks,
Some countries was using digital payments before covid-19 but after pandemic more countries are using cashless payments. We can say that people are in lockdown can not go from one place to another so they will payments from home with these digital currencies. covid-19 has big impact on digital currency growth. In spare time everybody has affected by this digital currency system and we expect more growth in future.
The adoption of cashless payments is becoming a hot topic during the pandemic. The use of cashless happened in China 5 years ago when people in big cities used Alipay, QQ to pay via QR code.
Hell yeah , china is still be the one that first used cashless.but since the pandemic starts to happen there are many countries that starts using cashless and specially crypto .
Quote
The use of cashless payments helps the economy save a lot of time and transaction costs. Asian countries such as Korea, Japan, Singapore, Vietnam, Malaysia... are also gradually popularizing non-cash payments.
and i believe that Asian country will soon be bloom to be the one that use cashless in the next days.Quote
I think the cashless trend will be the future of the economy. The pandemic is a stepping stone to faster cashless payments.
to faster adoption mate, and also we are seemingly finding more acceptance like what El Salvador did recently and some other countries opening doors now. 
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?
of course that is a good thing and does not rule out the possibility that in the future bitcoin will get permission as a legal payment,
we don't know anything but it's actually kind of hard to see that happen
The inclusion of bitcoin in terms of payment system may not be fast as what we are anticipating this to happen. But I think, some of these businesses are already considering crypto payments, maybe to start with stablecoin, at least they are not worried about the volatility of the coin. Because up until now, the common issue for them is the volatility of crypto. But owed to pandemic, I believe, a lot more merchants are added in the list that are now accepting bitcoin or crypto. This is one good alternative of payment instead of cash.
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?
of course that is a good thing and does not rule out the possibility that in the future bitcoin will get permission as a legal payment,
we don't know anything but it's actually kind of hard to see that happen
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?
and this is also the reason why we will be seeing more and more adoption for this.
It is so much easier and faster. For now stable coin is very appropriate for this but that coin will not be my choice for online transaction because I have some personal reasons. One of the reasons is because stable don't give me so much profit like Btc or Trx. I am okay with volatility in cryptocurrency. My country don't have many cryptocurrency users so we still use fiat even for online transaction and for me it's not so practical, I need to do few steps to do a transaction unlike what I usually do when I buy game items using Trx. During this pandemic I made many online transaction in online shop but unfortunately the app that I use still don't accept cryptocurrency. But I also made many transactions using Trx in website.
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?
It helps specially that nowadays shopping occurs through online and payments are also made through online. As more and more companies and businesses are adopting cryptocurrency, it is quite true that this pandemic quite help in growth of digital currencies. Another one is that it is less hassle and less prone to contacts of the virus.
when there is a price spike, many people know bitcoin through the mass media, so they seem interested in learning cryptocurrencies. Moreover, there are many people with stories that get rich suddenly due to the pump. but we can see after the price crashes, currently tends to range. hopefully bitcoin will continue its positive trend again
One thing does not automatically follow from the other, and a high rise in the price of course attracts the interest of more people, but this does not mean that all of them will start to study cryptocurrencies en masse, because the information occasion comes to naught, just as the mass interest comes to naught. The worst thing about the arrival of neophytes during a surge in price growth is that they come and buy at the maximum, then lose when the price is corrected. Therefore, among such people, there may be a lot of people who are disappointed in cryptocurrencies, who will make anti-advertising to cryptocurrencies among their friends and acquaintances. 
Covid-19 has been the best thing ever happened to the cryptocurrency market. Thanks to this period, more people started growing interest in this market. And many big companies have done the same also. This will be very helpful for this market in the future also.
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?
There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.
In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.
Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.
Honestly, I think that payments in crypto will be an additional payment method and that it is not an imposition because people are not yet familiar with bitcoin and cryptocurrencies. So there is no need to force them, if they start to see other citizens using them, they will also try to include them in the payment systems.
For example, how it happened for the first time when local banks offered you their ATMs in your city, like when you paid for your products for the first time with debit and credit cards, as well as when you paid from your phone with online banking. With bitcoin and cryptocurrencies it will also happen the same.
For example, how it happened for the first time when local banks offered you their ATMs in your city, like when you paid for your products for the first time with debit and credit cards, as well as when you paid from your phone with online banking. With bitcoin and cryptocurrencies it will also happen the same.
Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.
Why would someone who think bitcoin was a scam and a trap, start to invest all of a sudden? Is it really because of the better understanding of the market? Is it because they have seen the charts and saw how good the returns are? Or is it because they have actually learned about the technology behind it and how it works? If it is the latter, then that's a good sign. If it's the former, not good for the community.Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.
People that are joining after seeing the price rise, are the ones that cry when the market crashes and they sell their coins at a loss.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?
There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.
In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.
Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.
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?
There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.
In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.
During the case of Covid 19. The world economy was terrible. People cannot work as usual. They must be at home and many also stop. Because of the difficulty of the work obtained, many of them turned to Duni Crypto. Selama Covid 19 there was a high value of Crypto prices soared because many were switching to the world of cryptocurrency.
Since Covid 19, many workers have worked from home and this has certainly made everyone turn to technology.on the other hand Cryptocurrency has also increased drastically,
but despite all that I hope this pandemic can end and economic conditions can recover and normalize soon
During the case of Covid 19. The world economy was terrible. People cannot work as usual. They must be at home and many also stop. Because of the difficulty of the work obtained, many of them turned to Duni Crypto. Selama Covid 19 there was a high value of Crypto prices soared because many were switching to the world of cryptocurrency.
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?
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.
But if it's about growth of crypto I think yes the pandemic help it grow by having people who also wants to earn from it due to pandemic,
People who lost their job and people who wants to earn extra from it.
Covid really brings changes and influences on digital currency in the world. we can feel now, the world is undergoing a transformation accelerated by technological assistance to enter the era of financial 4.0 or open banking. The COVID-19 pandemic has accelerated digital adoption, such as the use of digital banking. The adoption of online and mobile banking has experienced very high growth in recent months. Meanwhile, the presence at bank branches and the use of ATMs are decreasing. and crypto? The altseason has occurred as a form that public awareness of crypto is high.
- Limiting face-to-face contact and working from home are topics that we often see when Covid becomes stronger in the community and out of control, this boom is also an opportunity for digital currency to step a few steps into people's lives, many people have invested here in the hope of making a little extra money during covid. People are already quite aware of the existence of digital currency but this may only be their temporary direction, sometimes the development here is not so potential, that could take this development back a few steps 
Covid really brings changes and influences on digital currency in the world. we can feel now, the world is undergoing a transformation accelerated by technological assistance to enter the era of financial 4.0 or open banking. The COVID-19 pandemic has accelerated digital adoption, such as the use of digital banking. The adoption of online and mobile banking has experienced very high growth in recent months. Meanwhile, the presence at bank branches and the use of ATMs are decreasing. and crypto? The altseason has occurred as a form that public awareness of crypto is high.
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?
Even before this pandemic happened, digital payments are already popular here however it doesnt mean crypto is the first option for this. Online bank applications, paypal and other platforms are some of the preferred option when making a transactions online.
Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
right, cryptocurrencies are becoming more popular because of the bulls. especially when it happened while the pandemic was still ongoing. this may have something to do with the pandemic and the bullrun, considering that many people want to make money while staying at home Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
especially seeing the price of bitcoin from year to year is increasing, of course this makes many people interested in investing,
I really hope bitcoin can soon become a legal payment system even though it's not easy
The current pandemic we are experiencing have brought us from traditional getting into digital and modernized way of living for the reason that people are finding alternative ways possible on continuing their lives without getting in contact with one another. Since many are getting paranoid and taking tight protection to avoid or get rid of the virus, many have switched or adapted into using digital/cashless payments to still be able to purchase goods and services nowadays. With such reason, we can say that this pandemic have carry out using cashless payments options which can include usage of Bitcoin if available to be used on merchant stores. But the adaption of people into it are mostly not to use it for payment but as for investment due to rising value even at the age of pandemic that crashes the stock market.
The adoption of cashless payments is becoming a hot topic during the pandemic. The use of cashless happened in China 5 years ago when people in big cities used Alipay, QQ to pay via QR code.
The use of cashless payments helps the economy save a lot of time and transaction costs. Asian countries such as Korea, Japan, Singapore, Vietnam, Malaysia... are also gradually popularizing non-cash payments.
I think the cashless trend will be the future of the economy. The pandemic is a stepping stone to faster cashless payments.
The use of cashless payments helps the economy save a lot of time and transaction costs. Asian countries such as Korea, Japan, Singapore, Vietnam, Malaysia... are also gradually popularizing non-cash payments.
I think the cashless trend will be the future of the economy. The pandemic is a stepping stone to faster cashless payments.
Bitcoin's boom thanks to the Covid 19 pandemic is also part, because of the epidemic, people rarely go out and most of the services are paid online, so it can be seen that there are more and more companies today. A service company that provides online blockchain solutions for remote delivery to customers.
right, cryptocurrencies are becoming more popular because of the bulls. especially when it happened while the pandemic was still ongoing. this may have something to do with the pandemic and the bullrun, considering that many people want to make money while staying at home
The pandemic and the lock downs are a reason why there are more eyes in the cryptocurrency market space. Usually people are busy with their work schedule and they do not get the time to look into the market nor do they have the time to learn more about it. But the pandemic has given everyone a lot of time to work and study as there are no other activities that can be done and hence there are many who entered the market in the last one year. 
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?
There are some advantages and problems that will arise but with time we can eliminate problems and the benefits will shine. I heard that online fraud has increased in some countries because there are shopping sites that will ask for your card details and sell them to carders who will then exploit your card and clean 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?
This pandemic pushes us to accelerate digital transformation, the entire world's population is faced with the worries of this pandemic which is still unresolved. surely this year the habit will grow bigger.
Even before this pandemic happened, digital payments are already popular here however it doesnt mean crypto is the first option for this. Online bank applications, paypal and other platforms are some of the preferred option when making a transactions online.
Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
right, cryptocurrencies are becoming more popular because of the bulls. especially when it happened while the pandemic was still ongoing. this may have something to do with the pandemic and the bullrun, considering that many people want to make money while staying at home Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
especially seeing the price of bitcoin from year to year is increasing, of course this makes many people interested in investing,
I really hope bitcoin can soon become a legal payment system even though it's not easy
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?
Maybe we could say it was a blessing in disguise because as the Covid-19 arrives we have noticed a massive adoption to the digital world. I don't how it's going but it was to believe that crypto especially Bitcoin simplified some of our works which is the highlight of its existence. But we don't know what will happen next when the crisis ends and we're not sure if people are still using Bitcoin.
The fact is that there were tons of people who had chance to meet with crypto for the first time. They heard about it, and they knew about it but they didn't put any money in it, this pandemic period allowed a lot more people to go into crypto, google trends broke records, there are now more people involved in crypto than any other time in history, so I do understand why people are making a big deal out of this, however the reality is that we are talking about a positive that impacted the price as well, that is the most important part.
During the march of 2020 when the price went low, it went under 4 thousand dollars, when we reached our peak it was 64 thousand dollars, so between march 2020 low to our peak that is over 16 times the increase, that is not something we could have done without the pandemic, and I believe we will probably never have that type of increase ever again. Sure we will have increases but not as much as x16 increase, not anymore.
During the march of 2020 when the price went low, it went under 4 thousand dollars, when we reached our peak it was 64 thousand dollars, so between march 2020 low to our peak that is over 16 times the increase, that is not something we could have done without the pandemic, and I believe we will probably never have that type of increase ever again. Sure we will have increases but not as much as x16 increase, not anymore.
One more fact, many people had a lot of free time for the first time in many years, with one little catch, you must spend your free time inside your home! As expected, many people started to spend more time on the internet, to discover new things and ways for earning some money, making investments, or just for fun!
Your math is simple and easy to understand El kaka! We will never see Bitcoin rising hundred and thousand of percent again as it happened in 2012! So I guess it will be hard to see x16 again.... but, if we see only x10 from this price, the next ride can take Bitcoin to $300k!
Even before this pandemic happened, digital payments are already popular here however it doesnt mean crypto is the first option for this. Online bank applications, paypal and other platforms are some of the preferred option when making a transactions online.
Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
This explains well.
Digital payments has already been done by most of the first world countries, and even in the 3rd world countries way before the pandemic.
The only reason why Bitcoin becomes more popular during lockdown is because people are actually looking for income through the internet.
The only people who are using Bitcoin as a medium of exchange are those early adopters and Bitcoin supporters, and there are only a few of them. The rest is just investors who considered Bitcoin as a store of value.
The fact is that there were tons of people who had chance to meet with crypto for the first time. They heard about it, and they knew about it but they didn't put any money in it, this pandemic period allowed a lot more people to go into crypto, google trends broke records, there are now more people involved in crypto than any other time in history, so I do understand why people are making a big deal out of this, however the reality is that we are talking about a positive that impacted the price as well, that is the most important part.
During the march of 2020 when the price went low, it went under 4 thousand dollars, when we reached our peak it was 64 thousand dollars, so between march 2020 low to our peak that is over 16 times the increase, that is not something we could have done without the pandemic, and I believe we will probably never have that type of increase ever again. Sure we will have increases but not as much as x16 increase, not anymore.
During the march of 2020 when the price went low, it went under 4 thousand dollars, when we reached our peak it was 64 thousand dollars, so between march 2020 low to our peak that is over 16 times the increase, that is not something we could have done without the pandemic, and I believe we will probably never have that type of increase ever again. Sure we will have increases but not as much as x16 increase, not anymore.
Even before this pandemic happened, digital payments are already popular here however it doesnt mean crypto is the first option for this. Online bank applications, paypal and other platforms are some of the preferred option when making a transactions online.
Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
right, cryptocurrencies are becoming more popular because of the bulls. especially when it happened while the pandemic was still ongoing. this may have something to do with the pandemic and the bullrun, considering that many people want to make money while staying at home Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
Even before this pandemic happened, digital payments are already popular here however it doesnt mean crypto is the first option for this. Online bank applications, paypal and other platforms are some of the preferred option when making a transactions online.
Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
right, cryptocurrencies are becoming more popular because of the bulls. especially when it happened while the pandemic was still ongoing. this may have something to do with the pandemic and the bullrun, considering that many people want to make money while staying at home Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
Even before this pandemic happened, digital payments are already popular here however it doesnt mean crypto is the first option for this. Online bank applications, paypal and other platforms are some of the preferred option when making a transactions online.
Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
Crypto get the attention of many people during pandemic not as an alternative for digital payments but rather an investment opportunity wherein we can earn money due to volatility. Its a fact that crypto or btc specifically are best known as an investment, an speculative asset which can give investors huge gains when the market is bullish.
This pandemic is just one part of it so I don't think that it is right to say that the pandemic is the only reason for the growth of cryptocurrencies. Maybe it did contribute big time since the lockdown to prevent the spread in the pandemic made people go online more ofthen than usual and they will probably encounter them on their online escapades.
Agreed, due to the pandemic almost everything has begun to operate through internet. This has made people explore the internet much than the regular time. Another thing earning, people are jobless and are in need of money. This is also a reason why people got into cryptomarket. In my view, if there is no lockdown the spread could've happened even worse. Same time the spread about cryptocurrencies might've not happened as what we experience at the moment.There are already digital currencies before Bitcoin and before the pandemic so are already people using digital currencies but when the pandemic came, more people are up to use it so they could avoid holding banknotes that are blamed to be spreading the virus.
Bitcoin so far isn't still attractive even being one of the digital currencies because it's not easy to buy BTC. The use of cashapp increased though.
This pandemic is just one part of it so I don't think that it is right to say that the pandemic is the only reason for the growth of cryptocurrencies. Maybe it did contribute big time since the lockdown to prevent the spread in the pandemic made people go online more ofthen than usual and they will probably encounter them on their online escapades.
Agreed, due to the pandemic almost everything has begun to operate through internet. This has made people explore the internet much than the regular time. Another thing earning, people are jobless and are in need of money. This is also a reason why people got into cryptomarket. In my view, if there is no lockdown the spread could've happened even worse. Same time the spread about cryptocurrencies might've not happened as what we experience at the moment. 
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?
Are we living in 2020?Last year,the forum was full with users asking the same question multiple times.
Will the pandemic boost digital currencies?Well,there's no simple answer to your question,OP.
What do you mean by "digital currencies"?Paypal,Cashapp,Venmo,or cryptocurrencies?
They are not the came.You will have to learn to distinguish them.
To be honest,I don't have enough statistical data to answer your question.
There's is no doubt life will be easier that way. Digital currencies as in "fiat" digitized right?
Credit cards made life easier and so does paper money instead of carrying a lot of gold in your bag.
Everything must improve and here goes computerized money being offered for faster and easier transactions.
I think that's one of the good effects of this damn sickness worldwide. We looked for options in a rush so that our economy won't perish.
If it did not happen, we might still be in slow motion and be hard-headed with traditional ways. We adapt.
Credit cards made life easier and so does paper money instead of carrying a lot of gold in your bag.
Everything must improve and here goes computerized money being offered for faster and easier transactions.
I think that's one of the good effects of this damn sickness worldwide. We looked for options in a rush so that our economy won't perish.
If it did not happen, we might still be in slow motion and be hard-headed with traditional ways. We adapt.
This pandemic is just one part of it so I don't think that it is right to say that the pandemic is the only reason for the growth of cryptocurrencies. Maybe it did contribute big time since the lockdown to prevent the spread in the pandemic made people go online more ofthen than usual and they will probably encounter them on their online escapades.
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?
Indeed, cryptocurrency is the best alternative that I've vision out as adoption will take over in the next coming years. This will have a huge advantage to provide people what they needed to, particularly to avoid close contact for physical money exchange when you buy goods at local stores. Online payment is a great ways to divert from physical payment towards digital currency transaction.
Well, no doubt that the pandemic which did result in an initial fall in the prices of coins in the market was followed by a massive growth in the later months. As the stay at home policy motivated people to look out for online sources of income in the like s of cryptos and forex.
We can't completely make a relativism between the pandemic and the growth of cryptos in that yeah being 2020 which did extend to 2021. There were other events that took place in that year too, like the exchange hacks, bitcoin halving, etc and they all contributed to a large extent.
Musk coming opening to tweet on his dealings and investment in cryptos is the latest of these events. Its also how crypto got to fall so low as well. Though, the rise is coming still.
We can't completely make a relativism between the pandemic and the growth of cryptos in that yeah being 2020 which did extend to 2021. There were other events that took place in that year too, like the exchange hacks, bitcoin halving, etc and they all contributed to a large extent.
Musk coming opening to tweet on his dealings and investment in cryptos is the latest of these events. Its also how crypto got to fall so low as well. Though, the rise is coming still.
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?
This condition further complements the shine of digital currencies during the pandemic and the new normal. At the beginning of the pandemic, it broke out in March 2020 but unfortunately when there were Elon Musk's tweets and the attitude of the Chinese state, bitcoin and others began to decline so that there was a market correction like today
Covid-19 brings negative effects to the people and that's undeniable. But when it comes to cryptocurrencies, this Covid-19 has unjusexpectedly increased the awareness of people and bring them more closer to digital transactions where it is much encourage this time to avoid the fast spread of virus.
Some countries may have been into digital currencies even before this pandemic but it gained more growth and adoption when this covid-19 started to attack people. It made me realized that covid-19 is not just all about pains and deaths, somehow it made crypto more stable through the support of institutional investors and great things followed for crypto in this time of pandemic.
I would think that pandemic just "speed it up" because I believe it would have happened one way or another in the long run anyway. I am not saying that we are not getting some benefits of the pandemic because we did see a lot of benefit in the crypto world but the regular life was so much harder that I am not sure if things are still that good, it is like balancing each other out instead of being full on negative. People in fiat were on full on negative, we at least had a balancing situation.Some countries may have been into digital currencies even before this pandemic but it gained more growth and adoption when this covid-19 started to attack people. It made me realized that covid-19 is not just all about pains and deaths, somehow it made crypto more stable through the support of institutional investors and great things followed for crypto in this time of pandemic.
Now that pandemic is not as much of a threat in most major nations compared to past thanks to vaccination, we can clearly see that it impacts the price as well, people do not want to be involved in crypto as much as they used to and that is why the price is having hard time recovering this time. I hope that humanity is in better position, I would rather have bitcoin at 1000 dollars and everyone healthy instead of the current situation.
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?
Bitcoin would only be more reason to continue with Crypto-currency for people who are already excited about it.
Covid 19 is just the disease scare awareness of not going cashless, and going cash less means not using, Note/coin or physical trade exchange and of course crypto-currency.
There are lots of things which may people drag into crypto currency.A very first thing is popularity of bitcoin which may people has interested to Digital currency.Crypto currency called next generation money and many famous people like John McAfee,Elon Musk and many more people already join into this platform. So lots of their fan follower make an interested on crypto.Crypto currency make large transaction and many more secure system and no need to provide government your purpose of transaction and even Authority could not Control all of this system.Many more beneficial things in crypto currency but i think cryptocurrency own itself is popular . So I'm not fully accepted your opinion that causes of pendamic corona virus may take the people interested to bitcoin.
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. 
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.
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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. 
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?
While I think you've highlighted a correlation between Covid and the growth of certain cryptocurrencies in the last year, I think it's more attributable to the huge savings glut that is currently going on. While many people have unfortunately lost their jobs, others have been able to massively cut back expenses (no more holidays, new car purchases on hold, etc.) and some of those are sitting on lots of cash with few profitable places to use it. Some countries like the UK have the government paying wages and other countries like America handed out a couple checks with free money to help people through. Banks in many countries now pay pitiful amounts of interest rates on savings accounts and the stock market tends to make around 7-8%. Many younger (all ages really) people are very attracted by all the success stories and large returns seen around cryptocurrencies and are deciding they want to join the action. I'm not sure they are using cryptocurrency as a way to complete transactions like you're suggesting, but rather as a way to increase their money by owning an asset.
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's exactly what's happening. Remember, that crypto isn't the only way of making digital payments, we've had online money transfers for ages, so that solves the problem with physical payment during the pandemic.
What really caused the increased adoption was a chain reaction: people lost their jobs, many companies were going bankrupt > they started looking into crypto as an income source > it worked > other companies and people saw that it's working > more investments > the govs are afraid of losing control and don't want to be left out, so they divided into two groups > some enforced a ban (like China) and some started moving towards legislation.
What really caused the increased adoption was a chain reaction: people lost their jobs, many companies were going bankrupt > they started looking into crypto as an income source > it worked > other companies and people saw that it's working > more investments > the govs are afraid of losing control and don't want to be left out, so they divided into two groups > some enforced a ban (like China) and some started moving towards legislation.
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?
Authorities aren't going to adopt the existing digital currencies. Instead, they are going to create their own stablecoins. Probably you have seen China is going ahead in launching their own crypto currency, right?When this day comes I think there could be a positive impact over crypto market's volume in general, especially bitcoin, but keep in mind that is not the main goal of these authorities. What they want is a traceable national currency which will be centralized and fully regulated to stop tax evasion, money laundering and to know where the money of each citizen is going to.
It has surely, more people are sitting at home and finding ways to make money online because their jobs are off and hence they will directly and indirectly discover and use bitcoins and crypto for trading or just use it as good investment for holding. And yeah, many companies and institutions are also discovering it since it can help then reduce fees and transaction time to many employers in bulk so yeah, covid has been good for crypto at various instances and ways.
Covid-19 brings negative effects to the people and that's undeniable. But when it comes to cryptocurrencies, this Covid-19 has unjusexpectedly increased the awareness of people and bring them more closer to digital transactions where it is much encourage this time to avoid the fast spread of virus.Some countries may have been into digital currencies even before this pandemic but it gained more growth and adoption when this covid-19 started to attack people. It made me realized that covid-19 is not just all about pains and deaths, somehow it made crypto more stable through the support of institutional investors and great things followed for crypto in this time of pandemic.
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?
COVID-19 have greatly influenced the growth of cryptocurrencies cryptocurrencies, stock markets took a bit hit and we were left with limited investment opportunities therefore people were very interested in Bitcoins which did give them a good push. There are some countries where people are facing crisis not just from the side of the health department but also through governments where cryptocurrencies are giving them a good support since fiat is strongly influenced by the Centralized government.
Considering example of my family. None of them are doing jobs right now. Cryptocurrencies are helping me pay for myself and to buy necessary stuff for my family alike. Working here on a crypto platform have greatly helped me professionally.
maybe for developing countries it will be a driving factor as a means that can facilitate digital payments. however, not a few of the impacts of Covid 19 in underdeveloped countries have actually worsened and even become economic collapse., and we cannot forget how Bangladesh is experiencing inequality in the economy plus health which continues to be threatened to the most dangerous zone.
It has surely, more people are sitting at home and finding ways to make money online because their jobs are off and hence they will directly and indirectly discover and use bitcoins and crypto for trading or just use it as good investment for holding. And yeah, many companies and institutions are also discovering it since it can help then reduce fees and transaction time to many employers in bulk so yeah, covid has been good for crypto at various instances and ways.
I think this thread is pretty useless because there's a topic of the same question posted here for a long time now so don't expect any new answers OP because you basically asked the same question using different words. Of course pandemic made a contribution to the growth of the market since there is an increase of people online because of lockdown and work from home set up and people are trying to find a way to make another way to have more money and bitcoin seems to be an option.
In some countries, digital payments have become quite common even before the pandemic, and perhaps the best example is Sweden, where most payments are made by card - and predictions say that by 2023 the country should become the first cashless nation. From this we can conclude that some countries have long been on the way to fully switch to digital payments, and cash will increasingly become a thing of the past - it is inevitable, and the pandemic and fear of infection has only accelerated this process.
What I think is the biggest disadvantage of this type of payment is the psychological effect that occurs when a customer pays in digital form in relation to cash - because people say they have much more control over spending when they have cash in their hands than a regular plastic card. I believe we’ve seen this on record increases in online sales during a pandemic, people just spend more that way and that’s a fact.
Of course, there are many benefits to switching to digital payment methods - less paper and metal consumption for coins, less chance of spreading the virus, reduction of armed robberies at banks, post offices and similar institutions that work with cash.
What I think is the biggest disadvantage of this type of payment is the psychological effect that occurs when a customer pays in digital form in relation to cash - because people say they have much more control over spending when they have cash in their hands than a regular plastic card. I believe we’ve seen this on record increases in online sales during a pandemic, people just spend more that way and that’s a fact.
Of course, there are many benefits to switching to digital payment methods - less paper and metal consumption for coins, less chance of spreading the virus, reduction of armed robberies at banks, post offices and similar institutions that work with cash.
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?
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