Quote from: Polar91 on March 21, 2020, 03:41:05 AM

Technically yes, mass adoption in crypto has been applied thus it's very accessible for the people to buy crypto without actually going to banks or whatsoever. Some people will prefer global transaction via crypto since it's quicker and cheaper. Although some users prefer mobile banking, it's not very convenient for them to transfer it to a person who's in another country thus crypto can be their alternative option.

Exactly. Once people see the true benefits of crypto over Fiat, they'll adopt it for their own benefit. When the financial system collapses, everyone will be looking for alternative ways to conduct transactions in the mainstream world. Crypto's decentralized design gives the power back to the people. No one is in-charge of its supply or issuance rate as everything is governed by the protocol's rules. Decentralized finance is believed to be the future, as it proves to be quite convenient in times of need.

While the recent events of the coronavirus pandemic has shocked markets a little, most cryptocurrencies have retained a high price. Bitcoin, being the first cryptocurrency ever created, has properties similar to that of Gold. Its unmatched security and limited supply makes it a true winner in the Blockchain space. People may be cashing everything for Fiat right now. But once trust is lost in the world's monetary system, you can expect a greater degree of adoption within decentralized cryptocurrencies like never before.

With crypto, people can send money around the world cheaper and faster than an ordinary bank or traditional payment processor would. I believe that most people don't realize the true potential of crypto and Blockchain technology yet. But with due time, we'll be able to see great results in the level of adoption of this emerging industry. Until then, Fiat will be the currency of choice for everyday payments especially in a crisis like the one we're facing today. Crypto needs more time to mature for people to gain trust on it. Price volatility in terms of Fiat is what kills it. Hopefully, this matter would be resolved as time passes by. Just my thoughts Grin