Coronavirus is Speeding Up the Disappearance of Cash

Covid-19 is impacting our lives in various ways today and the future.  Users are not paying with physical cash during this pandemic, resulting in online websites and platforms, such as Amazon, to surge.  The former director of the U.S. National Economic Council, Gary Cohn, points out in this article that easy access to digital wallets on smartphones allows consumers to no longer need to carry cash and checks with them.

 

Read more about the move towards digital payments here.