CORONA Spreading in many countries. Bitcoin is one Solution for Transactions!!

[rodskee]

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.

I do agree on this. Many people prefer to use mobile wallets and banking apps here in the Philippines. People prefer to not spend cash during transactions using this apps and another thing, it is very accessible and is easy to use. It is also popular because of the advertisements unlike bitcoin and other cryptos that are not so famous here in our country. Though many people also know and uses crypto but it is still very little compared to people who prefer cash and these mobile wallets.

this is the problem because until now Most people consider Bitcoin as an Investment and not a use for payments and transactions.
this must be change and people must learn that Bitcoin must be circulating and not to be stored for the long time.
the more we uses Bitcoin the higher the market shows healthiness and from that Investors will believe that they can trust this currency and from that many will enter and use the market and this will favor all of us cryptonians.

[ultrloa]

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.

I do agree on this. Many people prefer to use mobile wallets and banking apps here in the Philippines. People prefer to not spend cash during transactions using this apps and another thing, it is very accessible and is easy to use. It is also popular because of the advertisements unlike bitcoin and other cryptos that are not so famous here in our country. Though many people also know and uses crypto but it is still very little compared to people who prefer cash and these mobile wallets.

this is the problem because until now Most people consider Bitcoin as an Investment and not a use for payments and transactions.
this must be change and people must learn that Bitcoin must be circulating and not to be stored for the long time.
the more we uses Bitcoin the higher the market shows healthiness and from that Investors will believe that they can trust this currency and from that many will enter and use the market and this will favor all of us cryptonians.

That's why many people got confuse about the real deal on bitcoins since many though that this is of ponzi scheme or mlm for the sort of people who doesn't know about it, People really needed to be educated about the use of bitcoins since for sure we will get a good track if majority will spread some positive output especially by now its a good opportunity to market it to the people.

[mdzahed134]

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.

Absolutely right, in the pandemic Covid-19 right now most people in need of essential accessories those are daily need.  Even though we can't able to pay our nearest shop to buy foods, if these are not authorized for btc payment. In this hard time i can't depend on btc transaction. Even now i have no enough physical money, in this case the mobile banking supported is absolutely remarkable.            

[Shasha80]

Right now bitcoin is the best solution for financial transactions, because transactions using bitcoin do not need physical contact. And also
the spread of the corona virus can be through paper money, this has become evidence that bitcoin can be a solution. Because of  all
bitcoin transactions done digitally, so you can avoid the spread of the corona virus. All bitcoin haters and the government must be able to
understand and have big hearts accept bitcoin as payment.

[LogitechMouse]

At some points, I might agree with what you said that Bitcoin is the solution for transactions.

However in our country, Bitcoin isn't accepted widely in the establishments so instead of using Bitcoin to pay something especially the bills we choose to convert it into PHP thru an online app (coins.ph) and we will use the online app to pay our bills. This is the solution for us in order to continue our transactions but still Bitcoin played a big role there. Probably these applies to some people here that are living in my country too where I live who are earning BTC here thru signature campaigns.

I can't say at this moment that Bitcoin is really the solutions for transactions for now. What others are doing is they are converting BTC into their own currency and that is what they are using for transactions.

[virasog]

Right now bitcoin is the best solution for financial transactions, because transactions using bitcoin do not need physical contact. And also
the spread of the corona virus can be through paper money, this has become evidence that bitcoin can be a solution. Because of  all
bitcoin transactions done digitally, so you can avoid the spread of the corona virus. All bitcoin haters and the government must be able to
understand and have big hearts accept bitcoin as payment.

It is more safe to do transactions in bitcoin than via cash or credit cards. But the problem is not many people uses bitcoin and they are not aware of it. Few days back I wanted to pay someone in bitcoins but he was insisting on cash because he didn't knew about bitcoin and therefore he does not trust digital currency.

Bitcoin need to be spread more, if we want it to make a alternative currency for paper money.

[Chrystora123]

I can't say at this moment that Bitcoin is really the solutions for transactions for now. What others are doing is they are converting BTC into their own currency and that is what they are using for transactions.

thank you for your opinion 

It is more safe to do transactions in bitcoin than via cash or credit cards. But the problem is not many people uses bitcoin and they are not aware of it. Few days back I wanted to pay someone in bitcoins but he was insisting on cash because he didn't knew about bitcoin and therefore he does not trust digital currency.

You are right, a credit card is one of the payment solutions, but to have a credit card is very difficult, many conditions must be met by people who want to make a credit card, and usually those who are middle-class who have a credit card. so I don't think credit cards are a solution for now..

Bitcoin need to be spread more, if we want it to make a alternative currency for paper money.

You are right.. I think it's time for ministers of education in each country to make a subject that discuss about cryptocurrency.

[Sanugarid]

It is more safe to do transactions in bitcoin than via cash or credit cards. But the problem is not many people uses bitcoin and they are not aware of it. Few days back I wanted to pay someone in bitcoins but he was insisting on cash because he didn't knew about bitcoin and therefore he does not trust digital currency.

You are right, a credit card is one of the payment solutions, but to have a credit card is very difficult, many conditions must be met by people who want to make a credit card, and usually those who are middle-class who have a credit card. so I don't think credit cards are a solution for now..

Hmmm credit cards could be an alternative for transaction means right now as fiat currency is still at large on spreading the virus however there are lots of stuff to consider when using a credit card. First if the merchant is putting an interest on what you have bought to their shop coz there are who have interest rates. Secondly credit cards do have a credit limit and it depends on the type of wage you are earning, not ideal to those under the middle class. Third is that we don't know how the pandemic will last.

Bitcoin need to be spread more, if we want it to make a alternative currency for paper money.

You are right.. I think it's time for ministers of education in each country to make a subject that discuss about cryptocurrency.

Maybe we should start it after we get rid of this virus coz every government now are focus on how to find cure to the virus and eradicate it.

[Vishnu.Reang]

It is more safe to do transactions in bitcoin than via cash or credit cards. But the problem is not many people uses bitcoin and they are not aware of it. Few days back I wanted to pay someone in bitcoins but he was insisting on cash because he didn't knew about bitcoin and therefore he does not trust digital currency.

Bitcoin need to be spread more, if we want it to make a alternative currency for paper money.

The problem is that Bitcoin is not that popular. So in most cases, if you want to make payment with Bitcoin, then you need to purchase gift cards that are denominated in fiat cash first. There are very few options for doing direct payment with BTC or any other cryptocurrency. And regarding the safety part, let's not forget the fact that Bitcoin is not 100% safe from wallet hacking.

[romero121]

Considering the ongoing situation bitcoin can also be used as one of the medium for transaction same as that's mentioned in the op. To the expectation we don't have the real life situation more advanced with most of the people and Store authorities having knowledge on cryptocurrencies and its accessibility.

Now there were more and more number of online wallets. These wallets help in making transaction using the smartphones. This way we can avoid the contact of hands which is the major reason for virus spreading.

[adeandro]

This is one solution, but not the only one.

[Swapzone]

That's actually what we have been trying to say since the beginning, BTC and crypto, in general, can be a very useful alternative in such situations.

[mohdk52]

This could really help if transactions didn't take so long.

[Yatsan]

Bitcoin is a shit with regards to transaction over-all. The transaction speed is very slow and the fee is not convenient at all when you are doing micro-transaction, not all people have gadgets and internet. Yes, I am bitcoin holder and I like bitcoin cause of it's monetary value and t's good for trading, but when you are going to use it in daily basis for canned transaction it is so hassle and not convenient.

[btc78]

If having a chance of course i will choose having Bitcoin and also crypto currencies to use for transacting but the problem is we only have limited option to use this great and ranked number 1 currency?

This could really help if transactions didn't take so long.

what about transaction did not take so long?if you already used Bitcoin then you know that this is much faster than any other transaction in the world.

[worle1bm]

nb; I edited this post a little based on existing discussions

we can see data in real-time from this site about COVID-19 Virus (Corona) which is currently serving almost all over the world


source: https://www.worldometers.info/coronavirus/

many effects that occur due to the spread of the virus that until now there has been no cure (report from WHO), not only deaths and economic changes have occurred due to the spread of this virus, but also many others;

• 1. Kab'ah empty
  this is one of the extraordinary effects because we know that the Kab'ah is never empty by worshipers who want to worship (even during renovations).
• 2. Prices of spare parts (electronic devices & vehicles) are rising
  China is famous for its counterfeit goods (KW) and cheapness, as a result of the spread of this virus many countries have shut down (export-import) to or from China.
• 3. the appearance of strange greetings "Leg Shaking"
  many people and even state officials are afraid to touch hands (shaking hands) so they do "Leg Shaking" to still be able to maintain intimacy and avoid contracting the coronavirus.
  

there are many more effects that occur and I can not explain one by one here (because it must be too long)  

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 must us digital transactions as a means of exchange because we are physically not in contact with other people so we avoid contracting the COVID-19 virus (Corona). Today's digital transactions can take the form of Cryptocurrency & Electronic money transfer service, here's the list;

Cryptocurrency;

• BITCOIN
• ETHEREUM
• RIPPLE
• TRON
• STABLE COINS (USDT,USDC,PAX,etc)

Electronic money transfer service;

• PAYPAL
• VENMO
• GOOGLE PAY
• MONEY GRAM
• TRANSFERWISE

I hope the governments of countries around the world can think about this and even campaign it in their respective countries (Doing transactions with CRYPTOCURRENCY & Electronic Money Transfer Service, not with PAPER MONEY)

The biggest problem that the world is currently facing at this time is covid-19 which has spreaded over every country and lakhs of patients have been affected by this virus.The only way to be safe from this is remaining quarantine and not coming into contact of other due to which chain can be increased.This is panademic attack which has brought recession in global economy levels.This has decreased the level of fiat trading by a significant levels and most of the people are moving towards digital modes of payment to pay for neccessary items like grocery,bills,electricity or any other item as they prefer to stay home to be safe.But the case is still lot of people are using online banking facilities and only involved in crypto trading are making use of bitcoin.But the reason behind it is fees and less technical knowledge among people but this is a step where decentralized currencies have been used by large population and will keep on growing.So lets hope more people get used to these crypto coins and prices boost after this is finished.

[thundercrystal]

Well for some instance, people are now doing online transactions yet using fiat money or their countries' currencies in doing so, but yeah, bitcoin can also be used specially of those who have it. I use it on paying my bills, buying loads, online shopping, and etc so, yeah it is really indeed a solution for transactions while we are on this pandemic.

[dustboy]

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.

[Sanugarid]

Well for some instance, people are now doing online transactions yet using fiat money or their countries' currencies in doing so, but yeah, bitcoin can also be used specially of those who have it. I use it on paying my bills, buying loads, online shopping, and etc so, yeah it is really indeed a solution for transactions while we are on this pandemic.

I keep thinking about this idea but somehow the ignorance of most people will make this too impossible. I mean we cannot simply transact to every one since not every one is capable of sending and receiving bitcoin, there are only a few that use it for their daily expenses. I vote for bitcoin, as an alternative to fiat currency during these days to avoid physical contact because of the virus.

It can be useful when buying online instead of using credit cards to avoid backcharges, but there is only a few merchants currently that accepts crpyto payment method.

[Bobby park]

Because of this global event ( Corona Virus) there are many people suffering right now. Due to the fact that all the things that involves in economics, transformation, jobs and even other works that may help people to live peacefully. This virus affects even buying for some goods without contact through other people since viruses can transfer through touching things that has affected of this viruses. So Bitcoin (crypto currency) is one of the useful way in order to buy good's and services such as paying bills and I think this is very helpful for us for this pandemic event.