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Author Topic: CORONA Spreading in many countries. Bitcoin is one Solution for Transactions!!  (Read 968 times)
Eugenar
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April 25, 2020, 07:47:42 AM
 #141

Well said mate, as what we are now experiencing, as pandemic virus still existing all over the world we are all required to stay at home and do not go outside for unreasonable thing and to make some of our transaction works we can use bitcoin or other cryptocurrency if we wanted to. We are now the 21st century and most of the things happen in real life can be done through the use of the internet such as transactions of paying bills, paying internet bills, loads, buying foods, movies, etc. Bitcoin will be our way to prevent this pandemic virus spreading around the world.

Not to argue the use of bitcoin, say a solution to solve to prevent being infected by covid-19 using cash, but more people keep using online banking already through their mobile banking apps and some digital wallets (Gcash, Paymaya) here in my place rather than bitcoin itself, but of course, there are some, like me using it, especially paying bills, online shopping, etc.
Indeed, there are so many digital wallets we can use to store our money and use it for some purposes if we wanted to so the best thing that bitcoin can do is just to invest and to trade.
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April 26, 2020, 08:14:42 AM
 #142

Well,  I wouldn't agree with you. People would rather have their money as fiat funds than in bitcoin at the period of Global pandemic , because there's not limitation to fiat transactions unlike cryptocurrency. People,  especially those in counties with total economic lock down need as possible their money easily assessed.
Specially in my homeland i see a kinda of shops are didn’t accepted bitcoin. Here FIAT money is solution in the epidemic COVID-19 also others normal day. But right now virtual payment are highly recommend, no way go to bank for paper money, last previous two months i am using only digital transaction but which i converted FIAT to Virtual when corona virus are outbreak.             

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April 26, 2020, 08:35:00 AM
 #143

It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.

In most of the countries bitcoin is not legal or the government is not clear in declaring bitcoins legal or illegal and that's the reason we do not find bitcoin to be vastly used for transactions. People who do not want to deal with cash (paper money), mostly use bank accounts for sending and receiving the payments.

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April 29, 2020, 07:50:10 AM
 #144

It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.

In most of the countries bitcoin is not legal or the government is not clear in declaring bitcoins legal or illegal and that's the reason we do not find bitcoin to be vastly used for transactions. People who do not want to deal with cash (paper money), mostly use bank accounts for sending and receiving the payments.

although actually the method of payment by bitcoin is one solution but it is true said friends above that there are still many countries have not yet determined that bitcoin is a legal transaction. more people still use fiat for payment matters and if there is also possible with bank transactions with internet banking or ATM (Automatic Teller Machine). bitcoin is only done for something else or if for payment they usually exchange first with fiat to make transactions easier.
 
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April 29, 2020, 08:01:30 AM
 #145

It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.

In most of the countries bitcoin is not legal or the government is not clear in declaring bitcoins legal or illegal and that's the reason we do not find bitcoin to be vastly used for transactions. People who do not want to deal with cash (paper money), mostly use bank accounts for sending and receiving the payments.

although actually the method of payment by bitcoin is one solution but it is true said friends above that there are still many countries have not yet determined that bitcoin is a legal transaction. more people still use fiat for payment matters and if there is also possible with bank transactions with internet banking or ATM (Automatic Teller Machine). bitcoin is only done for something else or if for payment they usually exchange first with fiat to make transactions easier.
 


but with this pandemic situation, i believe a lot are already checking out on bitcoin or crypto. just to check if this will be a viable alternative method for their usual payment method. and definitely those businesses that wanted to add additional payment method may consider crypto this time. though the adoption will not come easy but once they experienced how to transact with bitcoin, they might change their minds towards crypto. sometimes all is need is actual experience to change ones minds towards something that is not familiar with them

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April 29, 2020, 01:07:57 PM
 #146

It can be one solution for transaction only for those who lives where it is legal to use it for payment method. In countries where it is illegal to use bitcoin as a payment method, so it is only possible to be used for peer to peer transaction. Even if we lives in a country where we are allowed to use bitcoin as payment method but in fact not everything can be paid by bitcoin.

In most of the countries bitcoin is not legal or the government is not clear in declaring bitcoins legal or illegal and that's the reason we do not find bitcoin to be vastly used for transactions. People who do not want to deal with cash (paper money), mostly use bank accounts for sending and receiving the payments.

although actually the method of payment by bitcoin is one solution but it is true said friends above that there are still many countries have not yet determined that bitcoin is a legal transaction. more people still use fiat for payment matters and if there is also possible with bank transactions with internet banking or ATM (Automatic Teller Machine). bitcoin is only done for something else or if for payment they usually exchange first with fiat to make transactions easier.
 


but with this pandemic situation, i believe a lot are already checking out on bitcoin or crypto. just to check if this will be a viable alternative method for their usual payment method. and definitely those businesses that wanted to add additional payment method may consider crypto this time. though the adoption will not come easy but once they experienced how to transact with bitcoin, they might change their minds towards crypto. sometimes all is need is actual experience to change ones minds towards something that is not familiar with them

I don't see any promotional or even link spreading to create awareness on bitcoin during this pandemic since the one I see is the economical upset and shifting to gold and other things but with bitcoins I don't see any. But maybe those who are into bitcoins are coming back but I think pandemic will not contribute to the fame of bitcoins, Maybe there are other crypto guys who influenced their families during their quarantine but I think it's small numbers only.

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