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Fiat Money Notes Could be Spreading Coronavirus - Is This Cryptos Chance?

Fiat Money Notes Could be Spreading Coronavirus - Is This Cryptos Chance?
  • In the statement by the World Health Organisation, money is one of the ways that the disease is able to spread.
  • So with all this in mind, is cryptocurrency the way forward?

During the previous financial crisis, cryptocurrency was able to gain a lot of recognition as one of the best ways to store value. Over the years, opinions have been divided and split down the middle by many commentators and prominent figures of the financial world. Now, another global crisis is affecting the world and seems to be having an impact on the leading cryptocurrency

That crisis is the coronavirus.

In a new statement, the World Health Organisation has warned that the virus could end up affecting more than half of the global population. It’s very easy to spread the disease which makes it all the more worrying for many people across the world.

In the statement by the organisation, money is one of the ways that the disease is able to spread. Given that money is something that changes hands in just seconds, it makes it easier for people to get infected with germs. The virus is even able to remain active on the currency notes for days at a time, with this number increasing as people touch it and pass it on.

An operation has already been launched by the Chinese government in order to fight this kind of spreading of the disease. However, this isn’t enough to battle what could become a pandemic.

So with all this in mind, is cryptocurrency the way forward? They are a great mean of exchange and there is no physical copy of the cryptocurrency. Everything is digital. 

This means that people will be able to go about their day spending their money on goods and services without having to exchange a single dollar note.

It will be interesting to see how this situation plays out. For more news on coronavirus and other crypto updates, keep it with CryptoDaily!

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