The Other Side of CoViD-19

The Other Side of CoViD-19

By ScreenTag | The Other Side | 14 Mar 2020


Is there an other side really? In fact there is. You only need to stay calm and see things from a distance.

The human race has managed to survive many other virus outbrakes in the past 100 years: Swine flu, SARS, MERS, Ebola, and everything in between. Agreed, many people died because of those viruses, but eventually, we came up with a cure or a vaccine, and things got back to normal.

Things will go back to normal with the new corona virus too. It may take us a few months, but eventually, it will stop. This time, however, there will be some changes in human behaviour, that had already started forming, but due to the virus, those changes will be accelerated.

One of these changes will be contactless or app crypto-payments. Gone will be the days that you will be passing your credit or debit card to the cashier to charge it. In China, for instance, went from cash-only payments to app-only payments in less than 10 years. This not only means it's doable, but it also means it can be done quickly.

Where crypto comes into this?

Crypto is another form of money. The reasons businesses are not accepting this kind of money are two: a) it's highly volatile and b) it's slow, compared to traditional fiat money transactions. There have been proposed answers to both those issues: stable coins, for high volatility, and the Ethereum network for fast transactions.

There is one coin though that doesn't fit in the description above: the Bitcoin. It certainly doesn't mean that it will go away any time soon. But if its developers don't start working to this direction, Bitcoin will only be a leveraged FX contract, just the way it is used today.

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The Other Side
The Other Side

Contrary to the popular perception, things are not always the way people see. Our journey in the crypto-world has revealed quite a few dark sides, that need to be uncovered.

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