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?
Almost all of the countries are trying to promote the usage of Digital Currency since they are some people says that the virus can be transmitted through bank notes which is very alarming. We must look for a better way on how are we going to transact safely and the usage of digital currency is the best answer into it. So, while there is no cure yet in corona virus, you better use digital currency for transacting.Do you think that the recent situation will encourage people to use (or rely) on crypto more thoroughly? What are your thoughts?