Is Covid-19 carrying the growth in digital currencies?

[conected]

Covid really brings changes and influences on digital currency in the world. we can feel now, the world is undergoing a transformation accelerated by technological assistance to enter the era of financial 4.0 or open banking. The COVID-19 pandemic has accelerated digital adoption, such as the use of digital banking. The adoption of online and mobile banking has experienced very high growth in recent months. Meanwhile, the presence at bank branches and the use of ATMs are decreasing. and crypto? The altseason has occurred as a form that public awareness of crypto is high.

- Limiting face-to-face contact and working from home are topics that we often see when Covid becomes stronger in the community and out of control, this boom is also an opportunity for digital currency to step a few steps into people's lives, many people have invested here in the hope of making a little extra money during covid. People are already quite aware of the existence of digital currency but this may only be their temporary direction, sometimes the development here is not so potential, that could take this development back a few steps

[acener]

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about currency he is using (the promise of possession has replaced possession for the sake of convenience - gold has been replaced by banknotes), does not know what inflation is.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.

In a way I agree to this because if it is about payment option that you are asking then crypto would really be ignored and the pandemic didn't help at all.
But if it's about growth of crypto I think yes the pandemic help it grow by having people who also wants to earn from it due to pandemic,
People who lost their job and people who wants to earn extra from it.

[Kasabus]

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?

As we experience this never ending pandemic, we've seen how much crypto has grown for the price. During the beginning of Covid, just after a few month bitcoin made a bull run that exceeded everyone's expectation. Although we cannot fully credit it all to the current pandemic, it still made a huge impact on making crypto more well-known all over the world as payments using physical money became unideal since we are trying to avoid the passing of the virus. There has been a lot of investment and payment made with the use of digital currency even up until now which makes it look like we are on the transition of having crypto over fiat already.

Things have gone worst when covid-19 pandemic has just started but it turned out differently for crypto. There was a good motivation for crypto and people have developed interest in which they can still make transactions online while they are enjoying the comfort at home. But what has gained more advantage is that crypto being used as an investment. Most companies have been closed due to bankcruptcy and employees got jobless. These people have made good entry in crypto more particularly bitcoin and right now, they are on their way of making profits while staying at home.

[SoeNan89]

During the case of Covid 19. The world economy was terrible. People cannot work as usual. They must be at home and many also stop. Because of the difficulty of the work obtained, many of them turned to Duni Crypto. Selama Covid 19 there was a high value of Crypto prices soared because many were switching to the world of cryptocurrency.

[monineklutak]

During the case of Covid 19. The world economy was terrible. People cannot work as usual. They must be at home and many also stop. Because of the difficulty of the work obtained, many of them turned to Duni Crypto. Selama Covid 19 there was a high value of Crypto prices soared because many were switching to the world of cryptocurrency.

Since Covid 19, many workers have worked from home and this has certainly made everyone turn to technology.
on the other hand Cryptocurrency has also increased drastically,
but despite all that I hope this pandemic can end and economic conditions can recover and normalize soon

[AicecreaME]

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?

There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.

In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.

[romero121]

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?

There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.

In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.

Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.

Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.

[adzino]

Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.

Why would someone who think bitcoin was a scam and a trap, start to invest all of a sudden? Is it really because of the better understanding of the market? Is it because they have seen the charts and saw how good the returns are? Or is it because they have actually learned about the technology behind it and how it works? If it is the latter, then that's a good sign. If it's the former, not good for the community.

Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.

People that are joining after seeing the price rise, are the ones that cry when the market crashes and they sell their coins at a loss.

[verita1]

Honestly, I think that payments in crypto will be an additional payment method and that it is not an imposition because people are not yet familiar with bitcoin and cryptocurrencies. So there is no need to force them, if they start to see other citizens using them, they will also try to include them in the payment systems.

For example, how it happened for the first time when local banks offered you their ATMs in your city, like when you paid for your products for the first time with debit and credit cards, as well as when you paid from your phone with online banking. With bitcoin and cryptocurrencies it will also happen the same.

[andriarto]

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?

There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens.

In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments.

Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.

Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.

when there is a price spike, many people know bitcoin through the mass media, so they seem interested in learning cryptocurrencies. Moreover, there are many people with stories that get rich suddenly due to the pump. but we can see after the price crashes, currently tends to range. hopefully bitcoin will continue its positive trend again

[ILuckyGuyI]

Covid-19 has been the best thing ever happened to the cryptocurrency market. Thanks to this period, more people started growing interest in this market. And many big companies have done the same also. This will be very helpful for this market in the future also.

[AndySt]

when there is a price spike, many people know bitcoin through the mass media, so they seem interested in learning cryptocurrencies. Moreover, there are many people with stories that get rich suddenly due to the pump. but we can see after the price crashes, currently tends to range. hopefully bitcoin will continue its positive trend again

One thing does not automatically follow from the other, and a high rise in the price of course attracts the interest of more people, but this does not mean that all of them will start to study cryptocurrencies en masse, because the information occasion comes to naught, just as the mass interest comes to naught. The worst thing about the arrival of neophytes during a surge in price growth is that they come and buy at the maximum, then lose when the price is corrected. Therefore, among such people, there may be a lot of people who are disappointed in cryptocurrencies, who will make anti-advertising to cryptocurrencies among their friends and acquaintances.

[Koro-Sensei]

It helps specially that nowadays shopping occurs through online and payments are also made through online. As more and more companies and businesses are adopting cryptocurrency, it is quite true that this pandemic quite help in growth of digital currencies. Another one is that it is less hassle and less prone to contacts of the virus.

[Btcvilla]

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?

in my country have implemented a lot of online payments, it's just not the crypto field. This makes it very easy for people to transact without having to spend cash. Although there may still be many people who are still new to online payments, first the previous parents were less knowledgeable about technology and the internet. I hope that in the future there will be bitcoin or crypto that can be paid in various stores.

[Nunoluck]

It is so much easier and faster. For now stable coin is very appropriate for this but that coin will not be my choice for online transaction because I have some personal reasons. One of the reasons is because stable don't give me so much profit like Btc or Trx. I am okay with volatility in cryptocurrency. My country don't have many cryptocurrency users so we still use fiat even for online transaction and for me it's not so practical, I need to do few steps to do a transaction unlike what I usually do when I buy game items using Trx. During this pandemic I made many online transaction in online shop but unfortunately the app that I use still don't accept cryptocurrency. But I also made many transactions using Trx in website.

[bitterguy28]

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?

this adopted already mate , and that same reason why crypto market increased more than 4x just from 2020-2021 and that is a huge demand for the market.

and this is also the reason why we will be seeing more and more adoption for this.

[ningrum]

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?

in my country have implemented a lot of online payments, it's just not the crypto field. This makes it very easy for people to transact without having to spend cash. Although there may still be many people who are still new to online payments, first the previous parents were less knowledgeable about technology and the internet. I hope that in the future there will be bitcoin or crypto that can be paid in various stores.

With the development of the times, online payments are now easy to find and almost all of them have implemented an online payment system.
of course that is a good thing and does not rule out the possibility that in the future bitcoin will get permission as a legal payment,
we don't know anything but it's actually kind of hard to see that happen

[Twinkledoe]

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?

in my country have implemented a lot of online payments, it's just not the crypto field. This makes it very easy for people to transact without having to spend cash. Although there may still be many people who are still new to online payments, first the previous parents were less knowledgeable about technology and the internet. I hope that in the future there will be bitcoin or crypto that can be paid in various stores.

With the development of the times, online payments are now easy to find and almost all of them have implemented an online payment system.
of course that is a good thing and does not rule out the possibility that in the future bitcoin will get permission as a legal payment,
we don't know anything but it's actually kind of hard to see that happen

The inclusion of bitcoin in terms of payment system may not be fast as what we are anticipating this to happen. But I think, some of these businesses are already considering crypto payments, maybe to start with stablecoin, at least they are not worried about the volatility of the coin. Because up until now, the common issue for them is the volatility of crypto. But owed to pandemic, I believe, a lot more merchants are added in the list that are now accepting bitcoin or crypto. This is one good alternative of payment instead of cash.

[Reatim]

The adoption of cashless payments is becoming a hot topic during the pandemic. The use of cashless happened in China 5 years ago when people in big cities used Alipay, QQ to pay via QR code.

Hell yeah , china is still be the one that first used cashless.

but since the pandemic starts to happen there are many countries that starts using cashless and specially crypto .

The use of cashless payments helps the economy save a lot of time and transaction costs. Asian countries such as Korea, Japan, Singapore, Vietnam, Malaysia... are also gradually popularizing non-cash payments.

and i believe that Asian country will soon be bloom to be the one that use cashless in the next days.

I think the cashless trend will be the future of the economy. The pandemic is a stepping stone to faster cashless payments.

to faster adoption mate, and also we are seemingly finding more acceptance like what El Salvador did recently and some other countries opening doors now.

[sumant]

Some countries was using digital payments before covid-19 but after pandemic more countries are using cashless payments. We can say that people are in lockdown can not go from one place to another so they will payments from home with these digital currencies. covid-19 has big impact on digital currency growth. In spare time everybody has affected by this digital currency system and we expect more growth in future.