The coronavirus is accelerating the trend of customers preferring cashless payments.
As it has with many other aspects of modern life, the coronavirus is accelerating a longer term trend: cashless payments. Cash certainly won't disappear fully anytime soon, but there are several key advantages for small businesses to embrace a more digital future.Analysis from the Bank of International SettlementsStill, search data for phrases like "cash corona" showed that people are worried about using coins and bills, so offering a touch-free solution is a clear way for businesses to show they take those concerns seriously.
And these are the downsides: - complete monitoring of your purchases and habits - possible blockage or freeze if you do something companies don't like - exposed to identity theft and hacking What do you pick, convenience or freedom?
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