Coronavirus speeds up the move to cashless society

Getty Images

Last year seems a lifetime ago, but even then, cash was no longer king. The greenback had already lost its premier role as Americans’ medium of exchange in dollar terms. Plastic card and digital transactions had taken over. And that’s how stores, restaurants and other businesses seemed to want it.

COVID-19 has accelerated this process for several reasons. Cash cannot change hands at a distance of six feet, and besides, who wants to grab that dirty bill? Sheltering at home means more purchases are being done over the internet.

Read more here: https://www.bostonherald.com/2020/05/09/coronavirus-speeds-up-the-move-to-cashless-society/

Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.