COVID -19: Final nail in Cash’s Coffin
Coronavirus pandemic brought in several changes in our everyday lives. Not many emphasized wearing masks, washing hands frequently, or maintaining social distancing. But post-COVID 19 things have changed remarkably. The recent pandemic forced people to adopt digital payment methods – cash is a thing of past now. A trend of joining the OTC trading platform to use crypto payments is on the rise. This may be a lasting change.
In this digital world, many still use cash frequently. Especially elderly prefer using cash as their main payment method. However COVID-19 pandemic changed the whole scenario. In places across the globe, seniors have started using non-cash payments. Crypto has now emerged a hot favorite.
Countless people across the world were confined to indoors. Departmental or necessary stores switched to home-delivery, adjustment of payment ecosystem was much needed. Physical currencies now considered to spread germs. Hence digital was only the safest option. Importantly the World Health Organization officially recommended limiting paper money use.
The consumer trend of using digital payments was on the rise, but post-COVID-19 it became a necessity. Businesses or services started accepting digital payments. Crypto or digital assets started becoming popular. New OTC trading platform are now offering exciting deals and currency exchange offers. Be it grocery, liquor, food items, or essentials, crypto payments make buying easy. As many have tasted the fun of digital payments, may never opt for cash payments again.
Using gadgets as a payment mode is not new. Over the years many digital payment modes have come up, offering contactless payment solutions. Today people from all places are using smartphones or tablets instead of cash, debit, or credit cards.
However, you don’t need to own a gadget to become a part of a cashless economy. The use of credit and debit cards were for decades, in many places people don’t feel the need of touching paper money or coins anymore. In developed countries, the modern generation prefers using digital or online payments.
On Ausfinex, investors get exposure to different crypto portfolios, through online payments. A new trend which the world is adopting!
Digital currencies are the future money. The ease, simplicity, and transparency make digital assets ideal for today’s world. Governments around the world are announcing partnerships in a drive to promote Cashless payments. Cryptocurrencies have been long hailed as the future payment system. It has come a long way. Also mobile payment platforms, cryptocurrency OTC trading platform are getting huge attention all over.
The volume of digital asset use is increasing. In the past, to transfer money one had to have a bank account. But now your need is internet access to send money anywhere anytime. Crypto and digital payments are simplifying the whole payment system. Hence Post-COVID, the need or adoption rate to these platforms is increasing exponentially.
Change is the reality
When the entire world is still fighting with the coronavirus, few habits will stick with today’s generation once it goes away. Possible changes maybe work from home culture and cleanliness drive. Health scans, social distancing, and masks will also be a part of everyone’s life.
Also, the Covid-19 pandemic will drive today’s generation to a cashless economy. At a time when entire societies are going cashless, this change is for good. So switch to a fast, safe, and transparent payment systems.
Ausfinex is a popular cryptocurrency trading platform bringing for fans diverse portfolios. Make the switch to this new digital currency for safe, secure, and hassle-free tomorrow.