The Shift to a Cashless World

By spring 2020, it became inescapable that we now live in a world with an unraveling future. The once-imminent shift, now fueled by the coronavirus outbreak, has accelerated the pace of technological adoption, and the financial field was among the first industries to accept it. The shift from a cash-based culture to card payments in many conservative European countries became even more notable, alongside a growing interest in cryptocurrencies and stablecoins in particular. What once might have required a few more years of crypto maturity became urgent as physical cash became a potential virus transmission vector, while new levels of financial stimulus saw inflation fears make cryptocurrencies that much more desirable. 

A new outlook on money

Cash may soon become a relic of the past. Eventually, it may be regarded not only as outdated but a dangerous item in a post-crisis world, as no one is sure when the COVID-19 pandemic will end and what to expect next. Social distancing and…