Lockdown and eCommerce and increase in online payments = Bitcoin addoption

[Ryker1]

Well, because of this pandemic a lot of people got interested in cashless transactions like eCommerce such as amazon, sears, and kohl's as well as online payment for utilities because people are aware and keen on their health. And most of the people are already aware of cashless transaction but that will not become a gateway Bitcoin or other crypto to be adopted globally for the cashless transactions such as credit or debit cards can perform the function of fiat money and Bitcoins. Understanding the value of Bitcoin or crypto digital currency perhaps new to most people because during the time of pandemic it is still a debit, and credit cards are mostly used for transactions and not the Bitcoin. Adopting Bitcoin perhaps for now because digitized currencies are still next in the future to replace physical fiat money, --but perhaps in the mere future once Bitcoin will be able to prove its advantages then they can replace the digital currencies.

[bitbunnny]

Lockedown = Not necessarily mean that it would increase the eCommerce business. I have an small eCommerce business here in my local and it has been slowed down. Moreover, if there's not enough merchant to accept BTC, how would it be increased?

That is very individual and depends on the country and community you live in. In my country eCommerce has increased and more people started to use online services. However, not many local merchants used that opportunity and they didn't open online shops although their physical stores were open.
Although to my opinion eCommerce did generaly increased that didn't increase Bitcoin addoption, still very small number of people is.using Bitcoin or it's ready to start to use cryptocurrencies in general.

[xiboothrezi]

~
What is your thoughts on the possibility that Bitcoin adoption might increase, because there are more focus being placed on eCommerce? Do your government also encourage eCommerce during the "Lockdown" and are you seeing a increase in the merchant adoption of Bitcoin payment options?

This pandemic led to a revolution in trade and payments. When cash payments are considered too risky because they can be a means of spreading viruses and bacteria, non-cash or digital payments are the best solutions. At the moment, bitcoin adoption is still very small, and there are still many pros and cons in the system, not many countries allow this. This evolution process takes a long time so that later Bitcoin will get its role as an alternative payment, but for now, it's not optimal, the world is adapting to e-money payments.

Lockedown = Not necessarily mean that it would increase the eCommerce business. I have an small eCommerce business here in my local and it has been slowed down. Moreover, if there's not enough merchant to accept BTC, how would it be increased?

Of course this really depends on the circumstances and policies in each region and also the type of merchandise offered. If the merchandise is like a medical health device, basic needs, and other materials needed to deal with this difficulty will surely increase. Hopefully, your business can adapt well. If we think logically when physical distancing is implemented, malls and shops are limited by opening hours, then the best option is to make transactions online.

[suvo05]

I have noticed that a lot of countries allowed eCommerce sites to continue doing business during the "Lockdown" periods. People are now forced to buy things online and then to have it delivered, where they previously walked around in Malls and shops.

So, with the increase in eCommerce, one would think that it would go hand in hand with a increase in online payment methods..right? Seeing that Bitcoin is one of the most secure online payment methods, one would also think that there would be a increase in the adoption of Bitcoin use...right?

What is your thoughts on the possibility that Bitcoin adoption might increase, because there are more focus being placed on eCommerce? Do your government also encourage eCommerce during the "Lockdown" and are you seeing a increase in the merchant adoption of Bitcoin payment options?

Let's share our experience and your thoughts on how Bitcoin adoption could increase adoption during these difficult times.  

Any Gov would not bother much if the society is tending to dependent on e-commerce as that would not disrupt the banking system in the country. But they will put several types of regulation on the cryptocurrencies as it disrupts the Governor's grip on the economy.
Second thing is the price volatility of the crypto coins. Due to so much fluctuation of prices e-commerece will not be willing to take that much of risk. (They can go for a stable crypto-currency though).
These are the main causes, why we still have very less adoption of cryptocoins on the eCommerce. SO increment of e-commerce business will rarely have an effect crypto-coins.

[hahay]

Unfortunately I do not feel the presence of bitcoin related to this case, so far there have been many sellers of any item via online and payments that can be done digitally have indeed become more popular in the current era and by applying lockdown, of course more and more traders will switch to trading by way of digital like this. But still, the lack of real use of bitcoin makes adoption like this difficult to grow faster and also the legality about the use of bitcoin itself is still not widespread, because even most users only consider bitcoin as an asset not a currency.