Since 1929, the corona virus pandemic has created the worst global economic recession from all business areas. The advertising and marketing budget only can be seen a loss of $3 billion by 2020.
Both traditional brands and crypto companies are restore their remarkable ads with low budget positions in an attempt to counter the growing pandemic.
Social responsibility are undertake by Crypto industry
Triffic is a free reality game that awarding players with cryptocurrency. Their objective are to promote social distancing between user base. On March 26, the announcement on twitter that beta users currently can be obtain limited indoor specials concist of toiletries, handwashing, and facemasks. Users can help raise money to help combat COVID-19. The company added:
“Triffic is raising up to $10,000 for COVID-19 Response by donating GPSTokens every time a beta user collects an AugmentedReality, toilet roll, hand sanitizer or #facemask.”
Its business model is depend on the cability of users to move freely and obtain beacons. People are lockdown and they made to apply this idea as a method to help raise social awareness. Their objective is to contribute to good causes while promoting beta testing of their games. The team added that:
“Who wouldn’t want to collect virtual toilet papers instead of Pokemons, right?”
Public health officials have suggested social isolation as a method to slow the spread of coronavirus. This effort has worked well in China and South Korea where the virus appeared.
Crypto Asia Summit has informed that they will held their event online. The summit requested 30 speakers to contribute to the rally. Each of them will have their own page for people to access online.
Bitcoin plays a crucial roles in providing the payments procession
The use of crypto in the payments sector is increasing due to the COVID-19 outbreak. Among other things, it has encouraged Banco Sella Italy to launch Bitcoin trading services to help transfer money internationally.
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