Covid-19 to accelerate adoption of digital currencies, researchers say

The coronavirus outbreak will accelerate the adoption of digital currency and payments, says a research report by the Bank for International Settlements .

“Central banks report a large increase in queries from the media on the safety of using cash. The number of internet searches pertaining to both ‘cash’ and ‘virus’ is at record highs,” the authors of the report said. Other central banks have taken further measures. In February, the People’s Bank of China began to sterilise banknotes in regions affected by the virus. In March, the US Federal Reserve confirmed it was quarantining bills arriving from Asia prior to recirculation, the BIS noted.

'To date, there are no known cases of transmission via banknotes or coins.' Such a strange remark considering no-one is tracking such data like who got infected by a door knob or handrails. I'm just saying.

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