With the current COVID-19 pandemic, the world is now searching for alternatives to physical cash. So, it’s not surprising that we are seeing shifts in the crypto industry to accommodate these new demands. But is this enough to convince the world of mainstream cryptocurrency adoption?
Let’s take a look at some of the top trends we may see:
In times of crisis, we want to make payments that are quick and cheap, whether for sending money to friends and family or purchasing supplies online. It’s been clear that platforms that can provide a cost-effective solution for local and global payments will be in high demand, both during and post-COVID-19.
This is where we can see a potential for mainstream crypto adoption, with fintech apps such as the PumaPay Wallet enabling users to make swift and secure crypto transactions over the blockchain with zero transaction fees.
Through the increased use of blockchain technology during this period, we may also see a change in the pace of our current technological processes. The more a technology is brought into the mainstream, the more likely it is to have further updates and developments to ensure it’s optimization.
So, post-COVID-19 we may gain a stronger foundation to our distributed ledger technologies, including blockchain, as a result of demand during the current pandemic.
Increased crypto adoption, due to the current global climate, could ultimately mean a decline in financial corruption.
Transactions made over the blockchain cannot be manipulated or altered, so mainstream crypto adoption has the potential to increase the transparency of our financial system.
The Post-COVID-19 World
Crypto’s popularity continues to grow, but to truly make cryptocurrency mainstream, we need a solution with a user-friendly interface to make interacting with crypto as familiar as interacting with fiat currencies.
However, if the current COVID-19 pandemic has shown us anything, it’s clear that the general population is ready to embrace new technology and mainstream crypto adoption could be next.
Stay ahead of the competition and start accepting crypto in your online business – it’s easy and you can do it with no upfront costs!