Chinese quarantine cash to stop Coronavirus, no problem with Bitcoin

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It is reported that China has started a quarantine of its used banknotes to stop the corona virus from spreading. Meanwhile, the cryptocommunity began to notice the news with the comment that the use of Bitcoin as a means of payment should solve the problem.

Hubei Province, where Wuhan is located, registered a dramatic peak of nearly 15,000 new cases and 242 new deaths in just 24 hours after provincial authorities changed their method of diagnosing cases on February 13. Dovey Wan, founder of Primitive Crypto claimed earlier on Twitter today, the government reports the figures.

BBC’s recent report informed about 2,009 new cases and 142 additional deaths. According to official figures, the total number of infected people in the nation is more than 68,000 and the death toll is 1,665.

Chinese crypto mining facilities that are reportedly closed seem to have had little or no influence on Bitcoin’s hasco speed (BTC). The network appears to be performing better than ever and the hash rates continue to rise.

Mati Greenspan, the founder of Quantum Economics, told Cointelegraph that it’s hard to estimate the impact on the market right now: “I couldn’t tell you how it will affect the price of Bitcoin. I don’t have it right now the feeling that it is. “Meanwhile, a spokesman for mining hardware manufacturer Bitmain said they see no impact at all.

While the crypto community on Twitter speculates whether Bitcoin could be the answer to spreading the virus through banknotes, a Coronavirus-based ERC-20 corona coin (NCOV) has been launched according to a Reddit message. According to the website, its purpose is to spread awareness about the outbreak.

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Notes: 0Audience: 3194Registration: 11-07-2018

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