Sanugarid
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March 31, 2020, 06:37:22 PM |
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As we can see the coronavirus is now pandemic, because it is easily transfer by coughing of someone that is infected and touching it on a things that we always touched and fiat currency is one of the reason of spreading it by just passing them through different people that is infected. As a solution for that digital currency is a must nowadays, because it will prevent the virus in spreading. We used digital currency on the store or a banking system that has an online transactions so that it will help them to received the payments
Yeah, digital transaction will help reduce infection this Novel Corona Virus(COVID-19). BTC isn’t a global currency so we can't use it instead of fiat money these condition. Many trusted respondents i see, not only Corona Virus, any viruses can rapidly transferring by physical money because it’s transfer man by man. Various germs existence in fiat currency, so it’s spread very quickly among people from one man. On top of that sad news is that most and major of businesses today are closed due to the virus. The fact that bitcoin transaction is not an example of hand-to-hand transaction will be a very huge help preventing the virus to spread or even prevent it from being a pandemic but we already have it so we have to deal with it. Bitcoin offers a lot from anonymity to contact prevention but we also lack of is the implementation, we already have the knowledge how to apply these things we just need some more time to become wary of it, I smell a good one after this virus be erased.
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crustycrab666
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March 31, 2020, 09:02:16 PM |
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On top of that sad news is that most and major of businesses today are closed due to the virus. The fact that bitcoin transaction is not an example of hand-to-hand transaction will be a very huge help preventing the virus to spread or even prevent it from being a pandemic but we already have it so we have to deal with it. Bitcoin offers a lot from anonymity to contact prevention but we also lack of is the implementation, we already have the knowledge how to apply these things we just need some more time to become wary of it, I smell a good one after this virus be erased.
The problem is indeed in the adoption of cryptocurrency that has not been maximized. On the other hand, if it is to reduce contact with physical money, there is electronic money that is more effective, I think because it is often used and is legal. We can take a lot of wisdom from this pandemic, (1) care more about cleanliness, (2) the importance of having savings and plan B from every effort or work we do, (3) more care for people around the underprivileged, (4) changes to an effective and safe payment system
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FanatMonet
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March 31, 2020, 11:08:05 PM |
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As we can see the coronavirus is now pandemic, because it is easily transfer by coughing of someone that is infected and touching it on a things that we always touched and fiat currency is one of the reason of spreading it by just passing them through different people that is infected. As a solution for that digital currency is a must nowadays, because it will prevent the virus in spreading. We used digital currency on the store or a banking system that has an online transactions so that it will help them to received the payments
Yeah, digital transaction will help reduce infection this Novel Corona Virus(COVID-19). BTC isn’t a global currency so we can't use it instead of fiat money these condition. Many trusted respondents i see, not only Corona Virus, any viruses can rapidly transferring by physical money because it’s transfer man by man. Various germs existence in fiat currency, so it’s spread very quickly among people from one man. But for payments within the same country, credit cards are most suitable, they do not have a large commission, in addition, they make payments instantly, and there is no need to wait until there is confirmation, as with cryptocurrencies that can significantly wait for confirmation.
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Meowth05
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April 01, 2020, 06:05:47 AM |
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Cashless transaction can be a good aid for the prevention of the spread of pandemic but tere is a problem. I don't have the charts so sorry in advance but there is more business that are not yet on the cashless transaction trend especially basic needs which makes us convert our holdings into fiat which is iffy because the market is fluctuating in unpredictable way. This might sound crazy but right now fiat still has some control on the circulation of transactions.
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ntsdm1
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April 01, 2020, 07:15:52 AM |
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if everyone is afraid to touch each other, are they not afraid of fiat money when they trade because the virus can spread through paper money (drooling or sweating)??
This is the time we really use Bitcoin and CryptoCurrency as a means of exchange because we are physically not in contact with other people so we avoid contracting the Covid-19 virus (Corona).
I hope the governments of countries around the world can think about this and even campaign it in their respective countries (doing transactions with digital money, cryptocurrency and not with paper money)
Your logic is correct, but do not forget that there are already debit electronic cards that can also be pulled out anywhere without contacting with fiat money.In other words, people have minimal contact with paper bills.
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Gotumoot
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April 01, 2020, 03:34:51 PM |
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Bitcoin can be great help today, and of course other digital currencies as we do not need to hold money and we reduce the chance of being infected with the Corona virus. So this is also a great opportunity to promote Bitcoin and Crypto Currency to our friends so they have awareness about it and they also buy bitcoin.
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Youghoor
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April 01, 2020, 04:04:26 PM |
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That's so right, this virus has opened then eyes of many leaders about the flaws of using Fiat currency. Making transactions digital is the way to go and I think the US and China might be the first two countries to go digital with their own cryptocurrency. Unfortunately, none has disclosed his intentions of using Bitcoin as their payment mode.
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Twentyonepaylots
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April 01, 2020, 04:11:38 PM |
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That's so right, this virus has opened then eyes of many leaders about the flaws of using Fiat currency. Making transactions digital is the way to go and I think the US and China might be the first two countries to go digital with their own cryptocurrency. Unfortunately, none has disclosed his intentions of using Bitcoin as their payment mode.
We might see fiat currency disadvantaged with this kind of situation but the question is, are we ready to use the alternatives? We don't even have that machines that can handle digital transactions, from my personal experiences most machines in my city is always offline and having difficulties keeping the services for online and digital payments. Fiat currency might give you the virus due to different person it contacted but we can't use crypto now. The best we can do is that we keep our environment clean and wearing personal protective equipment to avoid catching the virus.
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wozzek23
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April 03, 2020, 10:54:01 AM |
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For sure, bitcoin is the transaction method that a lot of people needs to start using from now, but another question is who is accepting bitcoin? I have tried many times to make payment with bitcoin offline but the problem I always have is that there are no places where it's being accepted. The case is different when it comes to online, online you can find lots of places where you can make use of bitcoin as a payment method, but it's never the same when it comes to using it locally.
Online we have purse.io where we can make payments with bitcoin to buy whatever we need, but the case is that it requires shipping for some of us in some countries and would probably take longer than when you use an online shopping that offer services locally, just like Amazon is available in the US and you can get fast delivery.
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Kez1817
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April 03, 2020, 11:12:10 AM |
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You're right! Bitcoin is the best solution at this time that covid19 is continuously spreading around the world. Making an online transaction using bitcoin is the safest way,so people must try to use this and start using online transaction using bitcoin. Those in other country,they should use bitcoin to send money for their love ones specially now that it's very difficult to send money through remittance.
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Chris Barth
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April 03, 2020, 08:51:26 PM |
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Well, It isn't really as you say it. This is because even tho we don't have to make physical contact when making payments for stuffs, how do we pay for little things? Things like the bread you buy in a nearby store, etc. To me, if we want it, we have to promote bitcoin so people can know more about it, start using it, and we all can enjoy it.
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Get a wallet and move some BTCs, here's mine: [12GZz7hegu8VCkJYHSuP3WTXg7LGXgL1vT]
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Welsh
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April 03, 2020, 09:03:25 PM |
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Bitcoin isn't suited for everyday transactions currently. For example, buying food, and necessary items. Bitcoin has been described before as not being suitable for micro transactions, and I would tend to agree to some extent. Currently, due to several factors Bitcoin isn't a everyday use currency. This is mainly due to adoption, but also because of the fees associated with purchases if they are of low value. For sure, bitcoin is the transaction method that a lot of people needs to start using from now, but another question is who is accepting bitcoin? I have tried many times to make payment with bitcoin offline but the problem I always have is that there are no places where it's being accepted. The case is different when it comes to online, online you can find lots of places where you can make use of bitcoin as a payment method, but it's never the same when it comes to using it locally.
Online we have purse.io where we can make payments with bitcoin to buy whatever we need, but the case is that it requires shipping for some of us in some countries and would probably take longer than when you use an online shopping that offer services locally, just like Amazon is available in the US and you can get fast delivery.
If you're fine with going through a third party similar to that of Paypal then most places are capable of purchasing from with Bitcoin. Another alternative is going to people on the services section, and asking for users to purchase items via fiat, in return for Bitcoin. Unfortunately, most companies aren't accepting Bitcoin natively, and will be reluctant to accept it for as long as there is a unstable, and unpredictable market. There are other alternatives to Purse that are local specific so if you search your country, and a payment merchant for Bitcoin you'll probably find something.
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w0lf0.
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April 04, 2020, 04:13:12 AM |
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Bitcoin will certainly be the future but it is still too young a technology to become the form of daily payment unfortunately. In this period of covid-19 virus, bitcoin would have allowed less transmission of infections than is possible with traditional fiat methods, it would be very useful at this sad moment to encourage people to become aware of these new forms of payment that can greatly facilitate daily life ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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yazher
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April 04, 2020, 05:00:22 AM |
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Bitcoin will certainly be the future but it is still too young a technology to become the form of daily payment unfortunately. In this period of covid-19 virus, bitcoin would have allowed less transmission of infections than is possible with traditional fiat methods, it would be very useful at this sad moment to encourage people to become aware of these new forms of payment that can greatly facilitate daily life ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It could have been like that if those governments had supported the use of bitcoin on each of their respected countries but they went into extreme where some banned the use of it and some don't do anything about it. Now they are thinking about how they can use it in this kind of situation but its already late. I mean, how will you educate the people when you cannot even get close to them. only those who have advance knowledge in the computer world can follow the instructions given by the users in google but those newbies need a one by one tutor to learn how to use it.
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YOSHIE
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April 04, 2020, 05:01:27 AM |
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Yes, that's a good and appropriate step for now, if the country does a Bitcoin transaction, it will benefit a lot if it is applied by the local government.
1. Bitcoin prevents Covid-19 transmission / infection to people who make transactions. 2. Just pay with Bitcoin adjusted to the price of goods and fiat currencies. For example; You buy at a price of $ 100, so you just pay with Bitcoin 0.0000 Bitcoin, adjusted to the value of Bitcoin on the day and time of the transaction. I think if that is done at least the percentage of Covid-19 infected in each country decreases, besides physical contact with other individuals.
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Vishnu.Reang
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April 04, 2020, 05:23:11 AM |
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The COVID 19 outbreak has given a reason for the authorities to cut back on the use of physical cash. And I am not very happy about this. We should remember that one of the biggest advantages of physical cash is its anonymity and that's the main reason why the authorities want to eliminate its usage. If we use any of the digital forms of payment, the authorities will be able to track us, and our privacy will be lost.
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verita1
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April 04, 2020, 06:33:25 AM |
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The Coronavirus has allowed us to stay away from banks and paper money, which is why I agree that it is the best time for people to realize that BTCitcoin is a solution for digital money transactions.
In my country, Venezuela we are accustomed to banking electronically and more recently through Apps called: "Pago Movil" which would be a mobile payment. We have a good chance to adopt cryptocurrencies soon We are one step away from achieving it. But it will not be decentralized because the government is proposing to take its cryptocurrency PETRO.
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Renampun
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April 04, 2020, 10:40:23 PM |
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If we use any of the digital forms of payment, the authorities will be able to track us, and our privacy will be lost.
use the Bitcoin mixer so that your privacy is save... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) even if we use digital money like Paypal, Paytren, Skrill, and others, our identity will be tracked. there are only a few countries that are technologically and educational quality of the people, are able to use Bitcoin for transactions, maybe not now but in a few decades, Bitcoin sure will be able to be used in micro transactions.
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FlightyPouch
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April 04, 2020, 10:57:32 PM |
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This is the time we really use Bitcoin and CryptoCurrency as a means of exchange because we are physically not in contact with other people so we avoid contracting the Covid-19 virus (Corona).
I hope the governments of countries around the world can think about this and even campaign it in their respective countries (doing transactions with digital money, cryptocurrency and not with paper money)
I just hope people think like that. People in this forum would be thinking that using bitcoin will be massive at this time since it would avoid being in contact with people but in reality, it is not happening. People holding bitcoin, and focussing more on how they would be able to maximize their profit. People using another payment method like in our country, coins.ph, and other mobile payments. People are more focussed on getting fiat in order to buy things they would be needing inside their houses for long weeks of quarantine. The government is even distributing fiat for that purpose for a week without salary or job is really hard especially for those people that don't have anything to start with.
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Kelvinid
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April 04, 2020, 11:36:51 PM |
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We are in the look that Bitcoin is giving help to minimize the spread of the virus but just to think that many people aren't considering it rather stick into fiat money. It is also due to the fact that Bitcoin never fully recognized as a currency nor the people accepting it as what it meant to be. We may think that a lot of people used Bitcoin for this time but somehow they are converting it into fiat. The adoption seems out from reality and still, we are not confident enough how Bitcoin works and its role.
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