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Author Topic: The pandemic did push the world towards a more digital age.  (Read 1260 times)
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October 27, 2020, 05:54:27 PM
Merited by TimeTeller (1), CryptopreneurBrainboss (1), Lordhermes (1), Zilon (1)
 #1

The pandemic did push the world towards a more digital age. There has been a change in consumer behavior and buying pattern. Most physical businesses and public businesses have been hit hard because of the strict government rules and regulations on public gatherings. People have been forced to reduce to the nearest minimum the time they spend in public places like shopping malls, supermarkets and also the amount of money they spend on non Essentials goods and services. People are more aware and now adapting to a new way of living (the digital way) one of which is “E-commerce”.
In a study conducted that I stumbled across; https://unctad.org/news/covid-19-has-changed-online-shopping-forever-survey-shows

It clearly shows that Companies and businesses that put E-commerce at the the forefront of their business are ready for the new digital age that is emerging from this pandemic, while those that operate with cryptocurrency in addition to e-commerce will have the ultimate edge over others. No wonder the already existing companies are incorporating bitcoin (cryptocurrency) related services to their already exiting services, for example PayPal. What a great time to be Bitcoin Enthusiast.

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October 27, 2020, 06:25:50 PM
 #2

We are all stunned with what this pandemic has brought us. We didn't expect everything and every action of the government affect us all. We are all on our way to digital world but we are not fully equipped for that yet. It is a good thing that these establishments especially those who embrace cyrptocurrency, adapt quickly with this change. E-commerce is also a great help for those who want to stay in their own homes. Everything went difficult but this pandemic will soon be over and all will be back to normal.

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October 27, 2020, 07:00:03 PM
 #3

For the title it is not pandemic that push the world to digital age but the world was already operating as digital age before covid-19. We are in the digital age already, the pandemic because one of its factors of prevention is to avoid physical contact which fiat was found to be contractor, therefore cryptocurrency became the safe heaven for use


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October 27, 2020, 07:11:22 PM
 #4

What is the benefit of using PayPal if we have an integrated network of digital money that is traded without the need for a central bank?
There is a frightening trend for this type of innovation, but banks and large companies will not allow it to pass without putting in place many restrictions, which may eventually lead to the digital re-manufacture of paper money.





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October 27, 2020, 07:33:07 PM
 #5

The pandemic did push the world towards a more digital age. There has been a change in consumer behavior and buying pattern. Most physical businesses and public businesses have been hit hard because of the strict government rules and regulations on public gatherings. People have been forced to reduce to the nearest minimum the time they spend in public places like shopping malls, supermarkets and also the amount of money they spend on non Essentials goods and services. People are more aware and now adapting to a new way of living (the digital way) one of which is “E-commerce”.
In a study conducted that I stumbled across; https://unctad.org/news/covid-19-has-changed-online-shopping-forever-survey-shows

It clearly shows that Companies and businesses that put E-commerce at the the forefront of their business are ready for the new digital age that is emerging from this pandemic, while those that operate with cryptocurrency in addition to e-commerce will have the ultimate edge over others. No wonder the already existing companies are incorporating bitcoin (cryptocurrency) related services to their already exiting services, for example PayPal. What a great time to be Bitcoin Enthusiast.

It is noteworthy to know that the world has been moving towards a more digital age before the pandemic. The pandemic only gave it a huge boost due to strict regulations on gatherings.
However, the pandemic forced several businesses to operate digitally, adopting online marketing and accepting money without any physical contact.
Although a great deal of people got to know and use bitcoin because of the pandemic, I believe several others still didn't know about bitcoin because it was not absolutely necessary to make payments online due to the fact that there were bank's credit and debit cards and money transfers could be done to pay for goods and services online

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October 27, 2020, 07:37:17 PM
 #6

I certainly agree with basically everything you stated above.  I think the pandemic brought on a much quicker move to a "digital world" where as if it hadn't happened, it would have probably taken another 5-10 years to get to where it's headed.  Brick and mortar type stores were already on their way out, just like many things done physically such as cash.  Credit cards, paypal, bitcion, and every other type of digital payment form have only grown from all of this.

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October 27, 2020, 08:01:11 PM
 #7

For the title it is not pandemic that push the world to digital age but the world was already operating as digital age before covid-19. We are in the digital age already, the pandemic because one of its factors of prevention is to avoid physical contact which fiat was found to be contractor, therefore cryptocurrency became the safe heaven for use

I also don't feel like the strange scare caused by the virus made people go cashless. Sure, the e-commerce is booming but in most cases you still can pay cash upon delivery.

There may be more people using online payments in countries where there's quarantine and you can't freely visit stores but that's all.

If you're looking for ways to explain the Bitcoin boom I feel like it would happen anyway with or without covid.


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October 27, 2020, 08:48:36 PM
 #8

What a great time to be Bitcoin Enthusiast.
It has always been. You will appreciate those times when there were a lot of known people bashing bitcoin and even moves the emotion of speculators and observers of bitcoin. Even your friends that don't trust it are not also trusting you but here go the known companies adopting it. And for the businesses that have closed down, there are a lot of them that chose to have their transition through e-commerce. They're more effective in this pandemic and just look at the e-commerce leaders, they've gained a lot in profit.


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October 27, 2020, 09:21:46 PM
 #9

I certainly agree with basically everything you stated above.  I think the pandemic brought on a much quicker move to a "digital world" where as if it hadn't happened, it would have probably taken another 5-10 years to get to where it's headed.  Brick and mortar type stores were already on their way out, just like many things done physically such as cash.  Credit cards, paypal, bitcion, and every other type of digital payment form have only grown from all of this.
Yes it becomes the reason for all people to become closer to the digital world. Aside from your given example that people started using digital payments, we can also see most countries do online classes. It means that even those old people started using technology wherein they can't use it before. But since they don't have any other choice, they tried to learn just to continue teaching.

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October 27, 2020, 09:48:03 PM
 #10

This is the beginning of a major adoption on digital age since many businesses are forced to adopt the new normal and the people as well, they prefer now to do a cashless transaction because they’re afraid to get the Virus when they go outside or whey use their fiat money where virus lives on. Pandemic didn’t push people to use digital it just that they have no more choice but to adopt, or they can’t buy things that they want.

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October 27, 2020, 09:58:07 PM
 #11

Well, the world was headed in that direction anyway.  COVID-19 just gave the world a little (or perhaps a big) push toward that digital age, which I assume means primarily e-commerce and the like.  People have been ordering a lot more stuff online than they used to, and there's been a massive adoption of apps like Zoom, GoToMeeting, Skype, and the like for distance learning, working from home, or just talking to friends/family from a distance.

What a great time to be Bitcoin Enthusiast.
I happen to agree with that, but I don't think it's for the same reason as you.  Bitcoin, to the best of my knowledge, hasn't been more widely adopted as a currency because of COVID-19.  Its price has spiked this year, but the stock market has also gone up, too.  I think that's because of all the money printing and interest rates near zero--and don't expect that to last forever.

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October 27, 2020, 10:02:10 PM
 #12

Yes I agree with you in the sense that, in some previous months ago magazines published so far even on the wall street journals, there had been some percentage increase in data analysis on the usage of digitalized system over the period before the pandemic occurred. There had been some transformative changes in various economic sectors to be adopting the usage of digital systems in using their products, examples are the gambling companies where more users chooses the digital payment system in placing bets, ordering foods stuff from malls using digital currencies, and many more, however, it now creates way for using digital currencies especially bitcoin in our everyday life more than before the pandemic period.

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October 27, 2020, 10:33:14 PM
 #13

For the title it is not pandemic that push the world to digital age but the world was already operating as digital age before covid-19. We are in the digital age already, the pandemic because one of its factors of prevention is to avoid physical contact which fiat was found to be contractor, therefore cryptocurrency became the safe heaven for use

Yes, before the pandemic the world has gradually adapting digitally, but the OP specified that the pandemic are pushing "more" to a digital world and that's somehow true.
Digital payments including cryptocurrency has become even more familiar today because people's activity outside are now very limited.
Btc has now being used by big companies to attract more clients, and I guess these companies benefits more than the crypto enthusiast.

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October 27, 2020, 11:25:05 PM
 #14

For the title it is not pandemic that push the world to digital age but the world was already operating as digital age before covid-19. We are in the digital age already, the pandemic because one of its factors of prevention is to avoid physical contact which fiat was found to be contractor, therefore cryptocurrency became the safe heaven for use

Yes, before the pandemic the world has gradually adapting digitally, but the OP specified that the pandemic are pushing "more" to a digital world and that's somehow true.
Digital payments including cryptocurrency has become even more familiar today because people's activity outside are now very limited.
Btc has now being used by big companies to attract more clients, and I guess these companies benefits more than the crypto enthusiast.
This pandemic has definitely made a great change in our economy particularly on the part of the consumers and the company sellers. We are still heading to a digital age but this pandemic has made it available now because it's the best service that people are looking for now. And bitcoin plays a very big part in this digital age and i think people are already starting to feel its advantages towards fiat.




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October 27, 2020, 11:55:40 PM
 #15

This pandemic makes digital more efficient and effective, if all the positive that we have these days this is one of those. Cryptocurrency have to do better right now, and make a good impact in this market, its good that we finally have the chance to use cryptocurrency and to become more digital. Hoping for more businesses to support digital currency, this is the trend now and better to start the adoption.

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October 28, 2020, 12:47:25 AM
 #16

E-commerce already came here even before the pandemic, same as cryptocurrency and I don't see any big adoption right now because the market is still down though of course, the digital transaction increases but its not on the side of cryptocurrency. Businesses are still using banks for digital transaction, this can be good of course but its more good if they started supporting cryptocurrency as well. This pandemic creates panic everywhere and poor people are still left behind, they still prefer cash than to transact online which I think the government should also encourage and teach them how.

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October 28, 2020, 03:03:06 AM
 #17

Of course, the fear of getting infection made this world to be a ghost place for a while by pushing every human into their house by that time everyone only used e-commerce and digital payments for survival and this could be a temporary adoption for now. But in the future if every company wants to have their online portal to stay in the survival hunt will bring the real permanent adoption of digitized things.

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October 28, 2020, 03:37:50 AM
 #18

The epidemic has pushed the world further into the digital age as everything is lock down and everyone is trying to improve by adopting digital methods the digital age will help improve the world if it is a temporary measure increasing the skills brought by digital technology can help businesses expand. Digital platforms can create completely new professions and jobs lack of infrastructure can reach businesses in remote markets to reshape technology as the creator of jobs the current wave of technology is changing.
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October 28, 2020, 04:01:25 AM
 #19

For the title it is not pandemic that push the world to digital age but the world was already operating as digital age before covid-19. We are in the digital age already, the pandemic because one of its factors of prevention is to avoid physical contact which fiat was found to be contractor, therefore cryptocurrency became the safe heaven for use

For me, I think you're wrong in some points. It is the pandemic that really pushes as to engage more in a digital age.

Most of us are staying inside our home for several months due to the risk of getting the virus outside. People are seeking jobs online and they are finding something profitable for them while staying at home and that makes us to consume a lot of electricity and spend a lot of time using our gadgets and devices.

So this pandemic really urge us to use most of the digital things that we can benefit, especially digital currencies for transactions and payments.

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October 28, 2020, 04:24:23 AM
 #20

For the title it is not pandemic that push the world to digital age but the world was already operating as digital age before covid-19. We are in the digital age already, the pandemic because one of its factors of prevention is to avoid physical contact which fiat was found to be contractor, therefore cryptocurrency became the safe heaven for use
The virus locked us out of our home, they did technically push us in innovating further in digital age. A lot of people appreciated the beauty and convenience of online transactions and in the long run more people will be supporting progress rather than conservative technologies.

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