I watched a Youtube video last night about the food merchants in some of the markets in Wuhan and I noticed that most of them are using electronic payment methods to pay for goods. < Wechat Pay >
Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis.
People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes.
This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future.
Well its one of the advantage on such innovation when it comes to e-transactions but im not really that expecting much for bitcoin to have place Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis.
People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes.
This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future.
yet e-fiat transactions been already happening it isnt just been focused nor utilized into market and yet people would simply still stick to traditional
paper or fiat transactions and for now stopping or making people switch to e-payments would still be debatable unless if it would be strictly implemented
by the government on such place or country then it would be nice to have.