Coronavirus Hastens the Rise of the Cashless Economy

Across the globe, Covid-19 is fueling the rise of  the cashless economy as employees and consumers alike worry that the direct handling of paper currency could spread the coronavirus.But while the change means convenience and fewer virus worries for some, concerns abound for people who don’t have sufficient bank, credit or digital access. In the U.K., the consumer watchdog group Which? reported that 1 in 10 people were refused service at shops for trying to pay with physical money during lockdown.

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