As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?
Yes it is in fact here in our country our government is now asking companies to go or integrate cashless for transactions to avoid contacts and people and companies are now integrating our local exchange for transaction, this pandemic create an advantage on using Cryptocurrency and it will continue even if there are no pandemic.
You are right about us going cashless during this time, but all of us still prefer credit card or debit card when buying online. And we all know the reason why. It maybe an opening for crypto, however I don't think it would mean that it would be a great advantage for the crypto industry. People are not going to crypto just because its cashless. Fiat currency has cashless payments too. Crypto is a digital payment, but people will still choose the currency they already use. The most efficient one as of now.