Monday, February 17, 2020

Will COVID-19 Lead To A Cashless Society ???

Here's a report from China about a novel way to halt spread of the virus:

https://nationalinterest.org/blog/buzz/coronavirus-has-chinese-banks-cleaning-and-trying-quarantine-or-destroy-dirty-money-124141

Think about how many things you and others touch which are related to commerce - money, ATMs, point-of-purchase terminal screens, etc. All are potential spreaders of disease, especially ones as contagious as COVID-19. All of them could be eliminated by going cashless and touchless.

Don't be surprised if the powers that be seize on this opportunity to do just that:

"You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before."
Rahm Emanuel

2 comments:

  1. Here is a discussion of a related issue:

    https://www.zerohedge.com/geopolitical/will-covid-19-lead-gold-standard

    ReplyDelete
  2. And the WHO appears to be urging countries to ban cash:

    https://www.technocracy.news/coronavirus-who-urges-people-to-go-cashless/

    ReplyDelete