currency doesn’t transmit COVID-19, there continues to be an unprecedented weariness around the use of cash altogether.At the peak of the global pandemic, banks in China and South Korea began disinfecting and quarantining bank notes to slow the spread of the novel coronavirus.
Other central banks have refused to adopt such measures, communicating that risks posed by handling cash are low compared to other objects that are frequently touched, such as PIN pads.The Bank of Canada, for example, encouraged retailers to stop refusing cash because it could disproportionately affect those who are dependent on cash as a form of payment.Despite such assurances, fear of transmitting the virus could accelerate the trend of digital payment apps and.