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The (near) cashless society arrives, courtesy of the coronavirus
TECH

The (near) cashless society arrives, courtesy of the coronavirus

Published: June 29, 2020  |  3 min read, 554 words
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Illustration: Aïda Amer/AxiosPeople have suddenly stopped using money — of the bill-and-coin variety — for fear it may spread the virus. Some worried shopkeepers have stopped accepting it, too.Why it matters: The coronavirus may have changed our buying and payment habits forever. Online shopping is through the roof, and consumers are rushing to get "contactless" credit and debit cards, which are tapped at a merchant terminal rather than inserted or swiped.Driving the news: The coronavirus has made us scared to touch anything, and there's a perception that money is dirty and payment... READ MORE
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