The Real Impact of COVID-19 on Blockchain Payments

Written by CryptoTrends | Published 2020/07/21
Tech Story Tags: cryptocurrency | coronavirus | covid19 | impact-of-covid19-on-bitcoin | coronavirus-impact-on-business | coronavirus-and-cryptocurrency | impact-of-covid-19-on-world | blockchain-payments | web-monetization

TLDR The Real Impact of COVID-19 on Bitcoin Payments is that of the role of cryptocurrency in the payments value chain. Bitcoin value is quite volatile, making it difficult to use for day-to-day payments. CIOs need to be very careful toward claims that bitcoins and other cryptocurrencies could succeed as a medium of exchange. The impact on payment acceptance is very likely to be short-lived, but the state of existing payment infrastructures, as well as local regulations, will also strongly influence adoption.via the TL;DR App
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Written by CryptoTrends | Crypto Trends brings you the latest news and trends from the Blockchain Industry. Our primary focus
Published by HackerNoon on 2020/07/21
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