Post
Topic
Board Bitcoin Discussion
Re: Covid crisis & evolving phases
by
Heart18
on 04/08/2020, 16:03:14 UTC
In my opinion, Coronavirus has given people a new perspective about digital technologies and available digital payment products like cryptocurrencies. At the moment, most banks and organizations have been to close down. It's worth noting that a lot of people have gotten to know about crypto in the past couple of months and it's quickly becoming the most preferred option for making online payments. However, it's unclear whether or not people will stick to using crypto when everything goes back to normal.

You are right. Covid-19 really opens the door of digital world and more so on digital currencies. But I believe that cryptocurrencies won't replace our traditional ways of financial management or the fiat itself. Aside from this high technology-driven world now, there's still a lot of places around the globe that is so uncivilized and have no signal, internet connection nor smart gadgets and they have no knowledge about this IT thing here. So, for me, digital currencies is for the cities only, and it can't be used by everyone, even during this pandemic.