Saturday, January 16, 2021

Tag: Is Physical Money on the Verge of Elimination?

Is Physical Money on the Verge of Elimination?

by Stefan Gleason, Money Metals:

The Wuhan virus outbreak, and the economic lockdowns that spread globally because of it, have accelerated the trend toward a digital economy.

Suddenly millions more people are working from home, through their internet connections. Millions more are also relying on Amazon for their shopping needs.

Jeff Bezos’ empire had already put most brick-and-mortar bookstores out of business. Now Amazon, together with Walmart, threaten to put most other retailers out of business – especially those that have been deemed “non-essential” during this crisis.