shadow123 (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 658
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 10:55:21 AM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
|
|
|
|
Tytanowy Janusz
Legendary
Offline
Activity: 2156
Merit: 1622
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 11:26:20 AM |
|
How will be easy the day today life after adopting for digital currencies?
You tell me. What will change for average BOB? He has paypal, he has visa, he has instant payments like Stripe, apple pay, google pay... what will change for him if he is not a crypto gambler that stores all his wealth in crypto? Even if ... we have binance card that instantly swap your crypto into fiats. We dont need Starbucks or Walmart to accept bitcoin. Average BOB dont care about anonymity (share all his sensitive data with facebook/google every day), don't care about currency he is using (the promise of possession has replaced possession for the sake of convenience - gold has been replaced by banknotes), does not know what inflation is. He wants cheap and fast payment methods. thats all. thats what he gets from fiats. Big companies knows that less than 1% would be interested in crypto payments - otherwise they would start to accept BTC in 2014.
|
|
|
|
Lucius
Legendary
Offline
Activity: 3346
Merit: 5953
Crypto Swap Exchange🈺
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 01:10:37 PM |
|
In some countries, digital payments have become quite common even before the pandemic, and perhaps the best example is Sweden, where most payments are made by card - and predictions say that by 2023 the country should become the first cashless nation. From this we can conclude that some countries have long been on the way to fully switch to digital payments, and cash will increasingly become a thing of the past - it is inevitable, and the pandemic and fear of infection has only accelerated this process.
What I think is the biggest disadvantage of this type of payment is the psychological effect that occurs when a customer pays in digital form in relation to cash - because people say they have much more control over spending when they have cash in their hands than a regular plastic card. I believe we’ve seen this on record increases in online sales during a pandemic, people just spend more that way and that’s a fact.
Of course, there are many benefits to switching to digital payment methods - less paper and metal consumption for coins, less chance of spreading the virus, reduction of armed robberies at banks, post offices and similar institutions that work with cash.
|
|
|
|
Kittygalore
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 868
Merit: 63
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 01:12:25 PM |
|
I think this thread is pretty useless because there's a topic of the same question posted here for a long time now so don't expect any new answers OP because you basically asked the same question using different words. Of course pandemic made a contribution to the growth of the market since there is an increase of people online because of lockdown and work from home set up and people are trying to find a way to make another way to have more money and bitcoin seems to be an option.
|
|
|
|
iamsheikhadil
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 01:28:01 PM |
|
It has surely, more people are sitting at home and finding ways to make money online because their jobs are off and hence they will directly and indirectly discover and use bitcoins and crypto for trading or just use it as good investment for holding. And yeah, many companies and institutions are also discovering it since it can help then reduce fees and transaction time to many employers in bulk so yeah, covid has been good for crypto at various instances and ways.
|
|
|
|
Sterbens
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1848
Merit: 341
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 04:10:43 PM |
|
maybe for developing countries it will be a driving factor as a means that can facilitate digital payments. however, not a few of the impacts of Covid 19 in underdeveloped countries have actually worsened and even become economic collapse., and we cannot forget how Bangladesh is experiencing inequality in the economy plus health which continues to be threatened to the most dangerous zone.
|
| | | . Duelbits│SPORTS | | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | | │ | | | | │ |
|
|
|
fiulpro
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 04:39:16 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
COVID-19 have greatly influenced the growth of cryptocurrencies cryptocurrencies, stock markets took a bit hit and we were left with limited investment opportunities therefore people were very interested in Bitcoins which did give them a good push. There are some countries where people are facing crisis not just from the side of the health department but also through governments where cryptocurrencies are giving them a good support since fiat is strongly influenced by the Centralized government. Considering example of my family. None of them are doing jobs right now. Cryptocurrencies are helping me pay for myself and to buy necessary stuff for my family alike. Working here on a crypto platform have greatly helped me professionally.
|
|
|
|
Viscore
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 05:06:31 PM |
|
It has surely, more people are sitting at home and finding ways to make money online because their jobs are off and hence they will directly and indirectly discover and use bitcoins and crypto for trading or just use it as good investment for holding. And yeah, many companies and institutions are also discovering it since it can help then reduce fees and transaction time to many employers in bulk so yeah, covid has been good for crypto at various instances and ways.
Covid-19 brings negative effects to the people and that's undeniable. But when it comes to cryptocurrencies, this Covid-19 has unjusexpectedly increased the awareness of people and bring them more closer to digital transactions where it is much encourage this time to avoid the fast spread of virus. Some countries may have been into digital currencies even before this pandemic but it gained more growth and adoption when this covid-19 started to attack people. It made me realized that covid-19 is not just all about pains and deaths, somehow it made crypto more stable through the support of institutional investors and great things followed for crypto in this time of pandemic.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
uneng
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 06:15:31 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Authorities aren't going to adopt the existing digital currencies. Instead, they are going to create their own stablecoins. Probably you have seen China is going ahead in launching their own crypto currency, right? When this day comes I think there could be a positive impact over crypto market's volume in general, especially bitcoin, but keep in mind that is not the main goal of these authorities. What they want is a traceable national currency which will be centralized and fully regulated to stop tax evasion, money laundering and to know where the money of each citizen is going to.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
just_Alice
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 07:03:05 PM |
|
I don't think that's exactly what's happening. Remember, that crypto isn't the only way of making digital payments, we've had online money transfers for ages, so that solves the problem with physical payment during the pandemic. What really caused the increased adoption was a chain reaction: people lost their jobs, many companies were going bankrupt > they started looking into crypto as an income source > it worked > other companies and people saw that it's working > more investments > the govs are afraid of losing control and don't want to be left out, so they divided into two groups > some enforced a ban (like China) and some started moving towards legislation.
|
|
|
|
teosanru
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 07:07:43 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
I would reiterate your sentence correctly, COVID-19 hasn't allowed the growth of digital currencies instead it has actually promoted growth for Digital Payment methods which include something like Scan & pay options and Bank Transfers because people wanted to avoid cash. How exactly are digital currencies being boosted in this scenario I really have no idea. Some people give the excuse of inflation and huge printing of money, but I don't think anyone getting worried just because FED has printed a lot of money. They know that Fed has been always doing it and they will continue to do it in the future and yet the American Economy stands firmly. Similar scenarios are happening in the rest of the countries of the world too.
|
|
|
|
Fortify
Legendary
Offline
Activity: 2772
Merit: 1198
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 07:41:31 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
While I think you've highlighted a correlation between Covid and the growth of certain cryptocurrencies in the last year, I think it's more attributable to the huge savings glut that is currently going on. While many people have unfortunately lost their jobs, others have been able to massively cut back expenses (no more holidays, new car purchases on hold, etc.) and some of those are sitting on lots of cash with few profitable places to use it. Some countries like the UK have the government paying wages and other countries like America handed out a couple checks with free money to help people through. Banks in many countries now pay pitiful amounts of interest rates on savings accounts and the stock market tends to make around 7-8%. Many younger (all ages really) people are very attracted by all the success stories and large returns seen around cryptocurrencies and are deciding they want to join the action. I'm not sure they are using cryptocurrency as a way to complete transactions like you're suggesting, but rather as a way to increase their money by owning an asset.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
Coyster
Legendary
Offline
Activity: 2128
Merit: 1285
Crypto Casino and Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 07:45:18 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Imo, the influx of institutions and prominent investors into the network is not a result of the quest for an alternative means of making transactions, but rather as a result of inflation/devaluation that has affected Fiat currencies and looks to get worse, Bitcoin is a sort of hedge against such devaluation and this corporations know that, thus they now believe in the network to retain or pump the value of their funds, that's why there's been quite a lot of adoption of late.
|
| | | | | | FIRST NO WAGERING BONUS CASINO & SPORTSBOOK SLOTS │ LIVE CASINO │ LIVE GAMES │ SPORTS | | | ► | WELCOME BONUS ─── UP TO ─── [ $500 ] | | ► | MULTI BET BONUS ─── UP TO ─── [ 200% ] | █████████████▄██▄ ████████████▐█████ ███▄██▄█████▐██████▄ ████████▄▄██████████▄ ███▐██▀██▀███████████ ██████████████████████▄ ███▐▄█████▄████████████▄ ▄▀▀███████████▄███████░█▌ ▀███████████████████████ ░███████████████████████ ░░▀▀▀▄██▄███████████████▄ ░░████▀█▀█████████████████▄▄ ██████▀███████████████████████▄ | PLAY NOW |
|
|
|
tabas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 08:04:48 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Actually, there's still a lot more need to adopt cryptocurrencies. The pandemic has helped growth the market due to several injections and printing of money for every country and mainly that came from the US. The adoption will be easier this time because it's advisable that there's also a transmission of the virus through cash and that's why digital currencies and cryptocurrencies are the best option to do transactions if the merchants and establishments you visit are accepting it.
|
|
|
|
jaysabi
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 08:14:16 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Electronic payment systems are not the same thing as digital currencies. China is trying to push a digital currency, and if it proves successful it is likely the US will eventually respond with a digital dollar of their own. PayPal, Square and other digital wallets are not actually digital currencies, they're just electronic payment platforms denominated in whatever currency they're transacting in.
|
|
|
|
GeorgeJohn
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 09:36:10 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Mate, really covid19 affect many businesses across the world but the problem is that after the end of covid19 many companies have to diversify their source of income by adventuring into cryptocurrency, so currently cryptocurrency is order of the day which is now working factor to eradicate pain via investment in cryptocurrency industry.
|
|
|
|
Ultegra134
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 09:52:22 PM |
|
How will be easy the day today life after adopting for digital currencies?
You tell me. What will change for average BOB? He has paypal, he has visa, he has instant payments like Stripe, apple pay, google pay... what will change for him if he is not a crypto gambler that stores all his wealth in crypto? Even if ... we have binance card that instantly swap your crypto into fiats. We dont need Starbucks or Walmart to accept bitcoin. Average BOB dont care about anonymity (share all his sensitive data with facebook/google every day), don't care about currency he is using (the promise of possession has replaced possession for the sake of convenience - gold has been replaced by banknotes), does not know what inflation is. He wants cheap and fast payment methods. thats all. thats what he gets from fiats. Big companies knows that less than 1% would be interested in crypto payments - otherwise they would start to accept BTC in 2014. What you've said is actually true, for the average person, he simply wouldn't care about cryptocurrency, as a way of payment though. On the other hand, I believe that there's a percentage of people who got involved during the pandemic in hopes to earn money by investing into crypto. I don't think that's enough though to boost the hype that occurred during the past few months.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
hatshepsut93
Legendary
Offline
Activity: 3038
Merit: 2155
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2021, 10:03:58 PM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Scientists didn't find any evidence that cash is a significant vector of covid-19 transmission, so there's actually hasn't been a large increase in digital payment methods. Digital payment methods have already been growing in popularity for many years. And by the way, you shouldn't mistake them with "digital currencies", because they use the regular fiat currencies. The number of cases when people decided to switch to Bitcoin because they are afraid to catch covid-19 from cash is virtually non-existent.
|
|
|
|
maisao1991
Copper Member
Jr. Member
Offline
Activity: 224
Merit: 2
TheStandard
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 06, 2021, 12:00:03 AM |
|
perhaps when the epidemic broke out, people would turn to the development of cryptocurrencies, when everyone could not go out and had to isolate at home, in addition to trading cryptocurrencies, there was no other jobs make a profit by it.
|
─────── Decentralized Asset-Backed Banking ─────── ██ ███ ██████ TheStandard.io ██████ ███ ██
|
|
|
magneto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 06, 2021, 02:34:22 AM |
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
I don't think that there is necessarily that much adoption. Rather, the risk appetite has universally increased and as a result, people have tended to increase their percentage allocations in volatile assets such as cryptocoins. Some people have legitimately adopted cryptos as a store of value over the pandemic, no doubt about it. But there's much more who are simply gambling on their Robinhood or Bitmex accounts with leverage and cryptocurrencies as the medium - and that's not necessarily a positive thing.
|
|
|
|
|