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How Contact Tracing Apps Work; Trading Bitcoin & Digital Currency

May 10, 2020
GZERO Media
How Contact Tracing Apps Work; Trading Bitcoin & Digital Currency | Tech In :60 | GZERO Media

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What will digital contact tracing apps look like and how will they work?

Well, the basic idea is that if you opt in to one of these apps, your phone will use Bluetooth, it will scan, look for other devices that are also being used by people who have opted in. If one of you test positive for coronavirus, the other will get a notification and can then take corrective action. There are a lot of different ways these are being built, but that's the idea.

Where is Bitcoin? Has digital currency grown as a result of this pandemic?

Bitcoin plummeted down to about $5,000 when all the markets were crashing in mid-March and since then, moved back up to about just under $10,000. Why is that? Maybe it's because the whole theory of bitcoin is correct? It is the currency people will turn to at moments of uncertainty when they don't trust their governments. Or, it could just be speculation. I have learned at this point, never to predict the price of bitcoin.

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