As humanity is evolving into the new normal, effects have widely been observed on businesses. They are looking for innovative changes after the crises end and shifting towards the digital world to maintain social distancing. That shift has also been counted in digital currency with its more secure and consumer support services. The use of cryptocurrency wallets is increasing in a lot of countries as retailers are accepting it.
The demand for cryptocurrencies is increasing dramatically due to which its monetary values are also rising. If governments bane trade during the pandemic, it can be carried on through cryptocurrency due to its global availability.
But at the same time risk are also high. Along with its popularity, fraud cases are being reported. Criminal activities are linked to cryptocurrency and some investors are afraid of being exposed to money laundering. Some of the governments and policymakers are not accepting cryptocurrency, as there is no central point exists in its transactions.