While 20% of Brits wash their cash there is more clamour for a digital US$

In the UK 20% of people have been washing the cash in disinfectant over concerns due to Covid-19 and on average Britain’s have gone without using cash for 44 days as they relied on contact digital payments according the Telegraph newspaper.

While 20% of Brits wash their cash …

In the USA Congress listened to more testimonials for a Digital $ last week

Concerns over the cost for those most in need of aid are paying high charges to cash cheques from the US government

Many of the systems are paper based analogue as opposed to being digital resulting in some people after 76 days still waiting for the help, they desperately need

8.5 million households in the USA don’t have bank accounts — often “because bank accounts are too expensive.”

the Bank of International Settlements reported that 80 percent of 66 central banks queried were working on digital currencies. So, the question might be not if digital currencies will find their way into the financial system, but when — and how.

Statista.com estimates there are roughly 275 million U.S. smartphone users among the country’s approximately 330 million people. That includes an estimated 209 million U.S But that still means approx 20% of the population do not use a smart phone in the States.

Bank for International Settlements, said. “COVID-19 will be remembered by economic historians as the event which pushed CBDC development into top gear,” at an online event held by think tank CEPR and the London School of Economics.

Meanwhile in the UK 20% of people have been washing the cash in disinfectant over concerns due to Covid-19 and on average Britain’s have gone without using cash for 44 days as they relied on contact digital payments according the Telegraph newspaper.

Brits wash cash, clamour for digital US$

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