It's no secret that Covid-19, had a big impact on our daily life. From school closing to working online, every social class were forced to apply change to keep living a safe life. With a high transmission rate and long term effect on immunity system, the coronavirus has been one of the biggest threat to humain civilisation, causing more than 4 Millions death worldwide. But if something that history taught us, is that humanity's power to adapt is exceptional. And here is how our economic system will be affected on the long run.
In 2020, many scientific research has shown that Covid-19 can survive around three to seven days on soft surface. Even thought they say the risk of getting the virus is low compared with person-to-person spread, which is the main way people get affected, it's still a big risk to use cash with the virus spreading everywhere. The possibility of using debit and credit card is still here, but with the possibility of another crash as in 2007, banks could train customers in their fall. That's why cryptocurrency has gained more and more attention from the public.
The fact that cryptocurrencies can be traded from anywhere in the world alleviates, to some extent, potential liquidity constraints that can arise if local governments restrict trading activities as part of a lock down. As a result, cryptocurrencies become more attractive compared than alternatives. Furthermore, investors fearing that a crisis will lead central banks or political actors to interfere in the market may prefer to switch their investments into the decentralized cryptomarket. In other words, because cryptocurrencies are not managed by a central entity but rather operate automatically, they can enable investors to hedge some of the political risk and thus become more attractive.
With big companies like Paypal, Amazon, Microsoft and Burger King starting to accept cryptocurrency as a source of payment on their platform, cryptocurrency is set to change the financial system. Cryptocurrency, is no longer a simple investment for your portfolio, but a promising and viable way to trade on a daily basis.
Hello @aprilbboudreau! This is @indayclara from @ocd (Original Content Decentralized) team. We saw that you already posted your first post here in Hive! Congratulations and welcome!
However the best way to start your journey here in Hive is do an awesome introduction post. Information like who are you and where you're from, how did you discover Hive or who invited you, what types of content you want to see here and the types that you want produce, and what are your expectations in this platform. There's no pressure on this. You can choose on whatever information you would like to share. As a sample of what an intro post is, you can refer to this intro posts for reference Keeping Up With the Buzz - My Introduction to the Hive Community
It's also best to subscribe to Communities you like and share your blogs there to have a wider range of audience. Or you can check out the Communities Incubation Program.
If you are looking for tips and information as a Hive newbie, click here: Newbie guide
If you have questions, you can hop into Discord server and we'll gladly answer your questions. Feel free to tag @lovesniper @indayclara once you have made your awesome introduction post! See you around.