Re: Will coronavirus encourage people to use crypto more thoroughly?
I've seen somewhere across the web, that China has been taking measures to protect physical banknotes/bills from getting infected with the coronavirus. After all, it's said that the virus could be transmitted across physical cash in circulation from one person to another. If the trend continues, people will look for other ways to spend their money safely without having direct contact with the virus. In this regard, digital payments prove to be a winner when it comes to sending/receiving money without exposing yourself to physical banknotes/bills that have could've been contaminated with the coronavirus. I believe that it could be a win-win situation for Bitcoin and other cryptocurrencies in the Blockchain space. Unless governments decide to start rolling their digital currencies to the world, everything will remain likely the same as it is today.
Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?
Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?
Depends on the usage. Because there were people who aren't into risk, and crypto is always associated with that 'cause once you engaged/convert your money here it is a matter of a time on where its value would downfall or rise up. Besides if their business were just for payment alone, and to avoid in contact with the virus then may be crypto wouldn't be in their choice, not even in the least especially when they want to kept maintaining the value of their money. On the other hand, people who are, some sort of risk taker, and are willing to take some changes with it then crypto really suits them up. Thus, the word encourage to use crypto thoroughly here is what defines them