Post
Topic
Board Bitcoin Discussion
Re: Does this Pandemic intensifies the usage of Bitcoin?
by
mk4
on 22/06/2020, 02:45:14 UTC
We are all still currently experiencing the effect of pandemic and most of us do still tend to stay at home to avoid getting infected by the virus.

My question is that does this pandemic intensifies the usage of Bitcoin knowing that physical or paper money might also be a carrier of the virus once pass on hand might caught droplets bringing the virus from a certain individual.

Using Bitcoin provides cashless experience that we know safer with this pandemic so, does this means that people will tend to use Bitcoin at this time or still into fiat?

Little to no effect in my opinion. If there is, most likely not a significant effect. While the pandemic sure pushed us faster towards a cashless society, let's not forget that we already have platforms such as PayPal/Venmo/Cash App/mobile banking/etc to solve this. People(at least the huge majority) wouldn't necessarily move to bitcoin just because they want to be cashless due to these services with FAR better user experience.