Hungary Quarantines Cash Amid COVID19 Threat, Cryptocurrency is the Medicine

Banknotes have been quarantined to protect the Hungarian population, who are fond of cash, against coronavirus infection. The government borrowed a leaf from other countries using it around the world.

For instance, banking institutions in the Republic of Korea, considered by many to be exemplary in the fight against the COVID19, started using heat-disinfection and quarantine weeks ago. The World Health Organization (WHO) also spoke on the matter. The coronavirus outbreak has shown that Bitcoin, stablecoins and other cryptocurrencies, while still budding as a technology, can be a far better global option and economy that is facing challenges, thanks to blockchain and distributed ledger technology.

The National Bank of Hungary puts billions of dollars in cash every day into a two-week…