The using of online payment will allow bitcoin to be used as the payment methods, but it is not easy to introduce bitcoin to people who already use the old ways. But there will be a chance for the adoption of bitcoin use will be increased, especially if many more merchant who allow people for using the bitcoin as the payment.
We still need to have approval from the government and encourage eCommerce to use bitcoin during the lockdown in many countries. Besides that, people need to learn about bitcoin before they used bitcoin, and it will require time for them to understand how bitcoin work as payment methods.
Topic: Lockdown and eCommerce and increase in online payments = Bitcoin addoption - page 3. (Read 424 times)
May 15, 2020, 03:12:24 AM
May 15, 2020, 03:07:15 AM
What is your thoughts on the possibility that Bitcoin adoption might increase, because there are more focus being placed on eCommerce? Do your government also encourage eCommerce during the "Lockdown" and are you seeing a increase in the merchant adoption of Bitcoin payment options?
People have shifted from physical or traditional payment to online or digital way because of this pandemic . However, from where I'm from, there are still lots of people who don't know about bitcoin or other forms of cryptocurrency.
Yes, there are online payment platforms that are known in our country but it still uses our country's currency and not the digital ones.
So from what I am seeing, it has the capability of increasing bitcoin adoption but not drastically. I mean, people will surely know one thing or two about crypto out of boredom and try it but we don't know for how long.
Maybe we'll see what would happen regarding the adoption soon enough. Let's just hope for the best.
May 15, 2020, 02:20:38 AM
People with nothing to do on their free time at home with internet have ventured many things to contain themselves and bitcoin and crypto were a hot topic. I believe many new people made their first wallet during this lockdown be it out of curiosity or investing or for trading as crypto market is the one that is never closed.
May 15, 2020, 02:07:30 AM
The lockdowns are slowly removed in all countries worldwide.The question "Will the lockdowns boost cryptocurrency adoption?" seems irrelevant to me now. There was a small increase in the eCommerce business,but that doesn't prove anything in regards of Bitcoin mass adoption.The Amazon and Netflix stocks went up,so more people started using online retailers like Amazon and services like Netflix.
I don't see any increase of cryptocurrency retail payments,or cryptocurrencies being adopted by online
merchants.Bitcoin is relatively stable so far,and I expect a bloodbath to happen in the altcoin markets soon.
I don't see any increase of cryptocurrency retail payments,or cryptocurrencies being adopted by online
merchants.Bitcoin is relatively stable so far,and I expect a bloodbath to happen in the altcoin markets soon.
May 15, 2020, 01:58:48 AM
I have noticed that a lot of countries allowed eCommerce sites to continue doing business during the "Lockdown" periods. People are now forced to buy things online and then to have it delivered, where they previously walked around in Malls and shops.
So, with the increase in eCommerce, one would think that it would go hand in hand with a increase in online payment methods..right? Seeing that Bitcoin is one of the most secure online payment methods, one would also think that there would be a increase in the adoption of Bitcoin use...right?
What is your thoughts on the possibility that Bitcoin adoption might increase, because there are more focus being placed on eCommerce? Do your government also encourage eCommerce during the "Lockdown" and are you seeing a increase in the merchant adoption of Bitcoin payment options?
Let's share our experience and your thoughts on how Bitcoin adoption could increase adoption during these difficult times.
So, with the increase in eCommerce, one would think that it would go hand in hand with a increase in online payment methods..right? Seeing that Bitcoin is one of the most secure online payment methods, one would also think that there would be a increase in the adoption of Bitcoin use...right?
What is your thoughts on the possibility that Bitcoin adoption might increase, because there are more focus being placed on eCommerce? Do your government also encourage eCommerce during the "Lockdown" and are you seeing a increase in the merchant adoption of Bitcoin payment options?
Let's share our experience and your thoughts on how Bitcoin adoption could increase adoption during these difficult times.
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