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From Cash to Crypto: COVID-19 Is Changing the Way the World Sees Money

Published 05/18/2020, 01:36 PM
Updated 05/18/2020, 05:20 PM
From Cash to Crypto: COVID-19 Is Changing the Way the World Sees Money

Technology has always been one of the main drivers that has boosted social changes. Of course, there have been other reasons: wars, natural cataclysms and disasters, plague pandemics and more. Speaking of such, the current COVID-19 situation, being a once-in-a-century type of pandemic, has come at an inconvenient time. But the time is never right.

However, what happened in late 2019 made an impact on various industries to a level that can hardly be estimated at the current moment. The losses and negative aftermaths are imminent, and the use of cutting-edge technology may shine some light during this period of looming darkness. Digital currencies, which had previously been raising controversial questions, now see high demand both from ordinary users and institutional investors. What couldn’t be changed naturally for a long time has shifted fast during the crisis. Global adoption of digital payments and cryptocurrencies has already started.

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