True and i think there are some payment companies that you cant make payment or receive payment due to restriction , so people had to start using crypto ,since they are working online and this has impact on crypto currency useage i think
What type of restrictions would prevent companies form making payments if I may ask? Payments that companies made are typically online so they wouldn't have to physically go into the bank, so which type of transactions do you think would be halted during the lockdown and restrictions?
I think the restriction i meant is that , they usually restrict ,and prevent most people from making and not companies , like if they don't accept your country interms of receiving payments and others , its actually not good, so i think it should crosschecked very well
I see. So you are referring more towards inter country payments that are being made in terms of the banking and so forth. In that case there are countries that do have restrictions on such and the use of crypto has helped to hone those relationships and nuture them as well which is good for the global development in my opinion.
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I think crypto currency has really helped, most especially now that many would want to do inter country payment , so without crypto many would have have find it hard to receive payment online , the importance of crypto currency is really many
Yes it has helped to develop the relationships that exist between countries and to be honest as well I think that to a large extent there is a lot of countries that embrace the fact that there is a way to send funds over a short period of a time and with low fees that are involved in it. However as much as crypto can help in this way the fact that it is not yet regulated can be a bad thing for this payment between countries and could lead to fouling of some relationships as well if they feel that the payments are not being done in an open and honest manner.
I think thats the reason most countries are finding means that they could use to track most crypto currency just like the way USa are preparing a technology , so that scammers won't use the advantage and start scamming people and go Scott free like that , so its actually good and also have a disadvantage , that is why most people maje use of paypal to receive payment
Yes, of course. The pandemic really boost the use of bitcoin and other cryptocurrencies. Many people lost their jobs due to the pandemic and they had no means other than working online. Mostly, a lot of online jobs are related to cryptocurrencies and they used them as their main payment method.