Covid crisis & evolving phases

[plvbob0070]

We can see that digital transaction is growing and that this pandemic allows people to adopt this method of payment because they find it safer than using the traditional method. We are not sure until when this pandemic will last, but even when it's gone, people already saw the convenience of digital payment and they might continue adopting it. However, when we say digital payment, it does not necessarily mean Bitcoin or cryptocurrency since it's quite complicated for others and is not accessible for everyone. Also, the government has to say about this, whether it is accepted or not.

[nelson4lov]

In my opinion, Coronavirus has given people a new perspective about digital technologies and available digital payment products like cryptocurrencies. At the moment, most banks and organizations have been to close down. It's worth noting that a lot of people have gotten to know about crypto in the past couple of months and it's quickly becoming the most preferred option for making online payments. However, it's unclear whether or not people will stick to using crypto when everything goes back to normal.

[Heart18]

You are right. Covid-19 really opens the door of digital world and more so on digital currencies. But I believe that cryptocurrencies won't replace our traditional ways of financial management or the fiat itself. Aside from this high technology-driven world now, there's still a lot of places around the globe that is so uncivilized and have no signal, internet connection nor smart gadgets and they have no knowledge about this IT thing here. So, for me, digital currencies is for the cities only, and it can't be used by everyone, even during this pandemic.

[DougM]

You are right. Covid-19 really opens the door of digital world and more so on digital currencies. But I believe that cryptocurrencies won't replace our traditional ways of financial management or the fiat itself. Aside from this high technology-driven world now, there's still a lot of places around the globe that is so uncivilized and have no signal, internet connection nor smart gadgets and they have no knowledge about this IT thing here. So, for me, digital currencies is for the cities only, and it can't be used by everyone, even during this pandemic.

What I find interesting is how hard cash (paper bills/coins) has greatly diminished in use at least in the USA.  'Contactless' transactions is the preference now so it should benefit crypto currencies in the end.  For routine purchases I still favor the credit card for the mile$, but if I was a cash or debit card user, bitcoin on a digital wallet might have a value proposition if adopted/supported by vendors.  Hopefully sooner than later.

[rathaha10]

As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency? 

No doubt, there will be a massive shift towards the use of digital currency for transactions because this pandemic has lurk around for quite so long but make no mistake, physical cash will never dies off. We all expected people should start using bitcoin fpr day-to-day transactions due to the pandemic but reverse was the case as there wasn't any feesible increase to the adoption of bitcoin because people have learned to use mobile bank apps and debit cards for transactions

[verita1]

It is true that Covid19 has pushed us to make our activities more digital. But we must take advantage of this fact of making technology more inclusive. Now humanity needs to adapt to the new financial, educational and all kinds of systems because they need to find solutions in digital technology.  In this reality, Bitcoin and cryptocurrencies have their best moment.

[ene1980]

There will be definite changes by everyone after the pandemic, to see a complete change in how people use currency in which form is a difficult question to answer but there will be major changes in how we consume things, like how much money and time we will be spending for entertainment or we will watch everything at the comfort of our house and how we conduct our jobs, rather than travelling daily to office the pandemic has shown that we can sit at home and still do out job and that is the case with education. So there will be major changes in the future but we cannot pin point that to one particular aspect.

[Gozie51]

Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency? 

I assume this question depends on government to answer. If government in their policy do not make digital currency, cryptocurrency a legal means of transacting financially, then the customers have no choice than continuing to fully use fiat but if the government allows cryptocurrency to operate freely, it means customers behaviour can change.

[MainIbem]

The corona pandemic has just accelerated what was an evolving payment shift. Online shopping as well as online payments were bubbling but frost with security issues. With Covid19 safety protocols tilting toward reduced contact, it is no brainer that adoption of online payments will be the option henceforth.

[piebeyb]

this is just speculation, in my country everyone is forced to work at home and even to order food must order online with digital currency payments, so we have more time at home, so I feel everything is made easier and maybe with eyes digital money will help prevent the spread of the virus from the paper currency that we use to make transactions, the opportunity for bitcoin and others to become alternative payments in the future

[Latviand]

As we all know that this pandemic is temporary and will probably end soon.

There are people who already engaged in the use of cryptocurrency or they invest their money in crypto to secure their future and fight inflation. Also, people don't want to make physical payment and this digital currencies are really helpful and less hassle to utilize in many transactions.

This pandemic really changed a lot of things including the mentality of people towards the virus, towards the government and towards the reality of life. This crisis really

[Debonaire217]

As far as I can see, most are now starting to adopt to various technology, starting from education system, financial, and transportation. Now that we are still striving to get our financial stability back, our children also needs to do their task which is to study hard. Parents are now becoming open to buy computers, tablets and other devices to access the internet and what's good with this is that, they are becoming aware of the technology and its application. E-commerce is now getting bigger as we adopt to change. Perhaps, instead of cash, we are slowly transitioning to cashless and digital transactions. We as bitcoin enthusiast have a great role to introduce new payment system to make transaction easier. Especially to our parents who often wash and sanitize their cash to make sure it's safe and virus free.

[Ucy]

One of the key SOP for COVID19 is contact less transaction and deliveries. Most vendors are now upselling this service and most consumers are going for it.  In my opinion digital currency will now become an everyday necessity.

But the problem with digital currency is that it can be easily tracked hence, you can forget your privacy.

Well, you don't just forget your privacy because it's digital currency...you can implement strong privacy features and make tracking innocent users difficult. It should also be possible to use digital currency (like crypto) as you would normally use physical currency

[Reatim]

this is just speculation, in my country everyone is forced to work at home and even to order food must order online with digital currency payments, so we have more time at home, so I feel everything is made easier and maybe with eyes digital money will help prevent the spread of the virus from the paper currency that we use to make transactions, the opportunity for bitcoin and others to become alternative payments in the future

Now that the corona prohibits companies to facilitate inside their respective offices, allowing the workers to work from home.

Like what you have said, people deal now using digital ways of transactions, paying orders online using digital money,
what is good to this market,
people also learning this crypto currency and begin to use it online.
Positive impacts that will bring more newcomers to this market and
 new end users aside from traders and investors.

[Ostanme]

I think not, personally i have used many platforms but the one i liked the most was the MintMe platform. On this platform i have been able to make some donations to some foundations, but this is not the only thing that the platform has, you can also start a entrepreneurship and monetize it. Who has ever made a donation through a platform?

[arwin100]

this is just speculation, in my country everyone is forced to work at home and even to order food must order online with digital currency payments, so we have more time at home, so I feel everything is made easier and maybe with eyes digital money will help prevent the spread of the virus from the paper currency that we use to make transactions, the opportunity for bitcoin and others to become alternative payments in the future

Now that the corona prohibits companies to facilitate inside their respective offices, allowing the workers to work from home.

Like what you have said, people deal now using digital ways of transactions, paying orders online using digital money,
what is good to this market,
people also learning this crypto currency and begin to use it online.
Positive impacts that will bring more newcomers to this market and
 new end users aside from traders and investors.

I do agree transaction today is made via online as this is part of new normal but the online scamming is so rampant which creates a huge upset to the people and might as well with the government. If we can see bitcoin has been used in good ways for sure we can see new comers coming up staking with us but this thing will be hard for now since some of the people are skeptical with new things especially if we talk about money.

[Ayiranorea]

Now itself more small shops started to have their own QR CODES placed for the payment. Apart from this more self purchasing stores have increased a lot compared to the past. The usage of digital currency has grown slowly due to the pandemic caused globally, but it hasn't made big change in the user range of cryptocurrencies.

[smyslov]

As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency? 

Yes it is in fact here in our country our government is now asking companies to go or integrate cashless for transactions to avoid contacts and people and companies are now integrating our local exchange for transaction, this pandemic create an advantage on using Cryptocurrency and it will continue even if there are no pandemic.

[affandi]

digital payments are indeed the best choice for the current corona virus pandemic. But in my opinion, the measure for permanence is still far away, because until now we still need paper currency for the survival of a country's economy. so, let me say no in this case

[MCobian]

The advantages of digital currency can prevent the spread of the corona virus, of course, causing consumer behavior to change.
Nowadays many people have started making financial transactions digitally, but this will not kill fiat currency. Even this change
in behavior will not be permanent, if a vaccine is found and the corona virus actually ends. It is likely that consumer behavior
will return to the beginning again, while still using physical money.