okala
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October 30, 2020, 04:14:20 PM |
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The covid19 pandemic have driven the world towards a more digital and online transactions and digital currency will be at the center of it all, we will see more value increase due to consumer demand on digital currency and online transactions.
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gentlemand
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Welt Am Draht
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October 30, 2020, 04:45:03 PM |
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I think the the biggest change to come out of this will be the massive cranking up of the rush towards cashlessness in many places. Lots of reports of businesses refusing cash. There's now talk in the UK of how to keep the cash system alive. I really can't see it lasting if it requires benevolence and inconvenience to keep it going. Businesses will vote with their feet.
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Natsuu
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★Bitvest.io★ Play Plinko or Invest!
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October 30, 2020, 06:04:24 PM |
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There are still problems though.
One of the most popular and most visible is that not all of us are ready for that digitalization, as my friends call it. There are a lot of countries that still can't support this and that is why they are struggling in this new meta. I think it still needs more time, which if we will be talking about against the pandemic, time that already ran out.
^ I must agree that pandemic did not push us to the digital age since prior to this covid 19 pandemic most of us already use digital transactions but because of the lockdown, we were able to realized and maximize the utilization of digital transactions. As an employee of e-commerce I can say that because of this pandemic we experienced a big leap in our sales compared to the days when we still do not have this pandemic but I also want to reiterate that I am not enjoying this lockdown because I just want to say that it can be beneficial to some industry but the majority remains suffering from this so I conclude that it is still not good. Going back to the post of OP, we are forced to embrace the digital age, and industries or businesses are getting prepared for this sudden change but the question is do people or ordinary citizens are already equipped for the changes? Globally 1st world countries can easily adapt to these changes but how 'bout the people from 3rd world countries where technologies and accessibility to the equipment needed for this digital age are not abundant as with the 1st world countries, how will they adapt and survive? Adapting to changes takes times, though first world countries can immediately implement it as a whole, 3rd world countries on the other hand needs to do it one step a time. In some 3rd world countries that I know, they are already digitalized, but the knowledge about the proper use of technologies are not that good. Government must acknowledge first the use of technologies in our daily lives, they must take the first step for people to accept the fact that we are currently in the state of transition. In case of survivability, these won't happen immediately, this will take like a decade or two for 3rd world countries to completely adapt to this changes, and by that time, most can already access the digital world. However, it may take some difficult sacrifices that our leaders must take for this to happen.
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mezzaluna
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October 30, 2020, 06:08:34 PM |
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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-showsIt 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. That is actually a correct term but people were also required to use digital equipment since everybody got scared to pass around the virus thru physical objects. This breakthrough is important since it will change most things within the society like Schooling and working at public spaces or even private own companies. People would also start to realize on how a digitize economy like the Cryptocurrency economy can affect a countries economy.
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GDragon
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October 30, 2020, 06:21:13 PM |
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We are pushed to a more digital world cause what can we do, it's the efficient one when we are all at home. One of the reasons why billionaires in the digital world earn millions of money because all of us are moving into digital. But there are people being left behind in this world of digital age, some aren't financially stable to afford it and some aren't literate to be in a digital world. We are all adjusting to this new normal, students and teachers in my country are struggling to continue schooling too. Specially those urban places and those without proper signal for a proper learning. I wanted to see what will be the effect of this kind of education to the students in the future, cause some are drowning with the schoolworks even at home, and some elementary students doesn't even do school works by their own cause their parents, siblings do it for them.
We are moving to the digital age, it's good for others, but we still need the time to make it good for those struggling to survive in this digital age too.
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sayaya17
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October 30, 2020, 06:22:26 PM |
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In this era of the pandemic, digital technology is really utilized by many people and its use becomes more meaningful. People who used to do everything traditionally now they have to learn technology. Maybe for the first time, they’re having a hard time.
Like traders who have to trade online that previously only traded on traditional markets. It’s troublesome for them. But if someone doesn’t learn to know technology, then it would be stupid. As in the era of this pandemic, e-commerce and blockchain technology became more useful in its use.
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Quidat
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October 30, 2020, 09:00:04 PM |
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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-showsIt 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. As a businessman or owning a company or running a business then you wont have any viable options left but to deal onto the new normal.If people or crowd is prohibited then theres no other way but to turn into digital.Yes, it cant be deny that crypto can really be added up and its been here for a while now but we cant deny the fact that people would just simply make use of their credit/debit cards on said transactions. Talking or believing for cryptocurrency adoption? Not in full scale but at least we do have Paypal now which had recently recognize crypto which is really a good add up if other merchants would really be accepting as well.
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Twinkledoe
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October 30, 2020, 09:13:35 PM |
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In this era of the pandemic, digital technology is really utilized by many people and its use becomes more meaningful. People who used to do everything traditionally now they have to learn technology. Maybe for the first time, they’re having a hard time.
Like traders who have to trade online that previously only traded on traditional markets. It’s troublesome for them. But if someone doesn’t learn to know technology, then it would be stupid. As in the era of this pandemic, e-commerce and blockchain technology became more useful in its use.
Very true. In my area, most delivery companies already integrated cashless payment system. They still do accept cash but they are promoting to use their cashless payment system. As they said, protection from their employees and also to their customers. And I have no question about such progressive move. People will adopt and look for ways to protect themselves, so even if it is hard at the start, they will be willing to learn to protect them from virus infection.
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BuNga_cute
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October 30, 2020, 09:45:10 PM |
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The pandemic situation that has not yet improved forces us to immediately switch to the digital world, because it is considered to prevent crowds from occurring. Transactions using digital payments can prevent physical contact, so it is highly recommended as a way to prevent the spread of the corona virus. This is what makes Paypal dare to make big decisions by starting to be open to cryptocurrency, because Paypal sees in the future there is a possibility that cryptocurrency will become a payment option around the world.
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cabron
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October 30, 2020, 10:03:02 PM |
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There are still problems though.
One of the most popular and most visible is that not all of us are ready for that digitalization, as my friends call it. There are a lot of countries that still can't support this and that is why they are struggling in this new meta. I think it still needs more time, which if we will be talking about against the pandemic, time that already ran out.
^ I must agree that pandemic did not push us to the digital age since prior to this covid 19 pandemic most of us already use digital transactions but because of the lockdown, we were able to realized and maximize the utilization of digital transactions. As an employee of e-commerce I can say that because of this pandemic we experienced a big leap in our sales compared to the days when we still do not have this pandemic but I also want to reiterate that I am not enjoying this lockdown because I just want to say that it can be beneficial to some industry but the majority remains suffering from this so I conclude that it is still not good. Going back to the post of OP, we are forced to embrace the digital age, and industries or businesses are getting prepared for this sudden change but the question is do people or ordinary citizens are already equipped for the changes? Globally 1st world countries can easily adapt to these changes but how 'bout the people from 3rd world countries where technologies and accessibility to the equipment needed for this digital age are not abundant as with the 1st world countries, how will they adapt and survive? Adapting to changes takes times, though first world countries can immediately implement it as a whole, 3rd world countries on the other hand needs to do it one step a time. In some 3rd world countries that I know, they are already digitalized, but the knowledge about the proper use of technologies are not that good. Government must acknowledge first the use of technologies in our daily lives, they must take the first step for people to accept the fact that we are currently in the state of transition. In case of survivability, these won't happen immediately, this will take like a decade or two for 3rd world countries to completely adapt to this changes, and by that time, most can already access the digital world. However, it may take some difficult sacrifices that our leaders must take for this to happen. The shift to digital currencies will not really be abrupt like it will force everyone to learn to use mobile wallets. China was even testing the Digital fiat on the 4 cities they have. They will gradually increase the number of cities to adopt the currency and then the remote areas that are less developed where people mostly are not using phones and still use cash can still do business in those areas. I'm not sure if there are still places like this in China but there are many countries in South America that is like this.
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Casdinyard
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October 30, 2020, 10:32:36 PM |
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The pandemic situation that has not yet improved forces us to immediately switch to the digital world, because it is considered to prevent crowds from occurring. Transactions using digital payments can prevent physical contact, so it is highly recommended as a way to prevent the spread of the corona virus. This is what makes Paypal dare to make big decisions by starting to be open to cryptocurrency, because Paypal sees in the future there is a possibility that cryptocurrency will become a payment option around the world.
I doubt that this is the reason why PayPal engage towards cryptocurrency adoption. There's simply profit from doing so, and that's the aim of big companies. Cryptos are getting more popular, and they just want to take advantage of early movements. Most of the services are indeed made thru online, and that is correct because physical contact is being avoided. But that's not OP is trying to point out. Digital age is something. The idea of it is new innovations or further developments with technology. As what other users have mentioned, this pandemic pushed services to go online but the focus is to be an alternative and not mainly to be in a digital age. Once global recovery occur, online services will be more likely back with the "usual".
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pankowri
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October 30, 2020, 11:25:53 PM |
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Simply pandemic pushes the world to become digital in a short time. People nowadays are trying to stay at home and if you are careful about you and your family then you must stay at home so that everyone keeps safe from the virus attack. People are ordering food apps to fulfill their wishes without going to restaurants. If any urgency then they are using ride-sharing apps to go fast safely. For kind of needs, they are using e-commerce sites to fulfill it. That's the scenario of being digitalized even in this pandemic.
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Janation
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October 31, 2020, 01:24:51 AM |
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There are still problems though.
One of the most popular and most visible is that not all of us are ready for that digitalization, as my friends call it. There are a lot of countries that still can't support this and that is why they are struggling in this new meta. I think it still needs more time, which if we will be talking about against the pandemic, time that already ran out.
^ I must agree that pandemic did not push us to the digital age since prior to this covid 19 pandemic most of us already use digital transactions but because of the lockdown, we were able to realized and maximize the utilization of digital transactions. As an employee of e-commerce I can say that because of this pandemic we experienced a big leap in our sales compared to the days when we still do not have this pandemic but I also want to reiterate that I am not enjoying this lockdown because I just want to say that it can be beneficial to some industry but the majority remains suffering from this so I conclude that it is still not good. Going back to the post of OP, we are forced to embrace the digital age, and industries or businesses are getting prepared for this sudden change but the question is do people or ordinary citizens are already equipped for the changes? Globally 1st world countries can easily adapt to these changes but how 'bout the people from 3rd world countries where technologies and accessibility to the equipment needed for this digital age are not abundant as with the 1st world countries, how will they adapt and survive? As a citizen from a third world country, I can say that people are having a hard time. It is true that a lot of people here are using mobile phones, they have access to the internet and have a certain level of knowledge in term of using these technologies but that depends on the place where they are in. The closer people are in the cities, the more they are familiar with it, the farther people are in the cities, the more they are unfamiliar. This pandemic, most of them are not actually adapting and still doing the normal transactions. Even in cities people are still doing the usual type of payment or transction.
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Akiko
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October 31, 2020, 04:57:40 AM Last edit: October 31, 2020, 11:57:59 AM by Akiko |
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Simply pandemic pushes the world to become digital in a short time. People nowadays are trying to stay at home and if you are careful about you and your family then you must stay at home so that everyone keeps safe from the virus attack. People are ordering food apps to fulfill their wishes without going to restaurants. If any urgency then they are using ride-sharing apps to go fast safely. For kind of needs, they are using e-commerce sites to fulfill it. That's the scenario of being digitalized even in this pandemic.
Even using cash you can do it all and pay when they deliver the things you like . Today's situation only shows how useful technology can be in such a situation it's really a big help not only for those looking for safest way to exchange things to people but also to those person that looking for the job that they can do even there is a virus every where .
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vlast01
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Dolphins Finance TRUSTED FINANCE
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October 31, 2020, 10:09:36 AM |
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Due pandemic everything went a lot of changes and these changes are happens worldwide so everyone are trying to adapt on these. Due to some restriction our daily routine has been drastically changes these pass months everyone are suggested to stay at home and because of these Internet has been fully used due to the facts that every transaction today have been done through online. The demand of Digital currencies have been increased and the used of fiat money has been decrease. So as these changes goes by Digital currency will soon dominate the fiat.
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FlightyPouch
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October 31, 2020, 11:54:54 AM |
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I can say that this depends on the country you are in right now. It is true though that there are a lot of people adapting to the changes especially as a teacher, education takes a big leap from being used in a classroom teacher traditionally to teaching online and giving modules to students. We can't adapt that quickly, we are trying our best and even though there are those teachers that did adapt quickly, there are still a lot of them that can't do the same.
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Kong Hey Pakboy
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October 31, 2020, 01:12:30 PM |
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I can say that this depends on the country you are in right now. It is true though that there are a lot of people adapting to the changes especially as a teacher, education takes a big leap from being used in a classroom teacher traditionally to teaching online and giving modules to students. We can't adapt that quickly, we are trying our best and even though there are those teachers that did adapt quickly, there are still a lot of them that can't do the same.
There are still people who are having a hard time understanding and adapting new technologies, especially those old people. But they are still pushing themselves to use this new technologies, so that they no longer have difficulty keeping up with the trend. Also, the pandemic is the main reason why we make a lot of changes in this world that many people have to work from their home, same as students they need to continue their studies by attending online classes, and the usage of virtual money have increased.
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Shasha80
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October 31, 2020, 02:49:26 PM |
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It is true that since the pandemic, more and more payment transactions have been made cashless, and people also prefer to buy goods online. Almost all companies have started to work from home and school activities are carried out online as well. So indirectly this pandemic forces people to immediately switch to the digital world. But for some people who are less knowledgeable about technology and who rarely access the internet, will find it difficult to adapt to the digital world.
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raidarksword
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October 31, 2020, 04:00:33 PM |
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Physical contacts is the way the virus can be contaminated person to person and near example of this on using fiat currencies to buy goods and necessities that may needed on daily basis. Well devoped countries are much adopted cashless payments that makes it more suited for pushing digital adoption that would help lessen the contamination of corona virus. Pandemic might brought as negative effects but it also strengthen up on adopting cashless payments.
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iamsheikhadil
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October 31, 2020, 04:17:49 PM |
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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.
I agree. I have seen people who in their whole life ever used phones were using it for monetary purposes and transactions! It was really funny at the same time assuring very much that we are progressing towards an innovative age where technology will rule breaking all status of economical and social norms!
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