Post
Topic
Board Economics
Re: The Modern Mode of Payments
by
finaleshot2016
on 06/05/2021, 11:15:19 UTC



FIAT (Coins) --->  Electronic Money (Gcash, Paymaya, Paypal, etc...) ---> Digital Currency (Bitcoin, Ethereum, BCH, XRP, etc...)

Due to the spread of the Covid-19 virus in different countries, people have become aware that many viruses can be obtained from fiat money. That's why in our Country suddenly dropped the percentage of users of fiat money especially coins. And because of locked downs, people are just stay at home. So, they start their works online and also making transactions online, buying and selling online and instead of paying a cash money, they use electronic money for payments or even sending money for their love ones. Also, through this pandemic many people start using cryptocurrency where they can earn money as another source of income. So, making transactions outside is really difficult nowadays, but because we have a lot of modern types of mode of payments, no need to worry about that. We can make transaction easily just by using your phone, computer and other gadgets, with fast transaction, safe and hassle free because you just make transactions while stay at home, and away from VIRUSES. From Fiat money, we use electronic money and now digital currency is available to be used anytime. If we have friends who don’t know about digital currency, we can help them understand and learn about it so that they can use it as well and at the same time we can help the demand of bitcoin and other digital currencies to increase.
"Another source of income"

If you invest at the wrong time, such as during the BTC crash, and then sell because of fomo, your money may be lost.
In this pandemic, eCash is already sufficient for purchases, as it uses fiat digitally rather than digital currency such as crypto, whose prices fluctuate daily. When it comes to payment, I still prefer eCash because the transaction fee on crypto is very high, and I can't afford to use it in transactions. However, I may use it for investing and hodling to make a profit.