Post
Topic
Board Bitcoin Discussion
Re: Does this Pandemic intensifies the usage of Bitcoin?
by
witcher_sense
on 22/06/2020, 07:44:56 UTC
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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?
The situation for bitcoin usage is not going to change any time soon. In countries with stable economic people became used to cashless society principles and will continue to use credit/debit cards to make payments no matter what the current situation is. Whether it is pandemic or not, people are fine with current payment systems. In the countries with unstable situation, people are fine with bitcoin. Cashless society principles are not suitable there, because cash itself is worth nothing, its price fluctuates and inflates throughout a day. Bitcoin is essential part of their lives. Nothing has changed for them, bitcoin is still a means to store a value, it is still a way to transact freely, it still a way to express an opinion, it is still a way to opt out.