Post
Topic
Board Speculation
Re: COVID-19 Increased Bitcoin Adoption
by
VanityWallets2015
on 13/04/2020, 11:50:52 UTC
Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic. 
Why the price of Bitcoin is still down?
I won't say that bitcoin adaption is increasing, rather the use of digital modes of payment are going to keep on increasing in this time of crisis and also after it too. People have many other payment options available for digital media like credit or debit cards, PayPal and Bank transfers they have very less need of bitcoin for sending money as it is time consuming for the transaction to get confirmed, but they are likely to recommend bitcoin for the purposes of investment as currently the prices of bitcoin are pretty less as compared to a few months back.