You cash virus

The problem with going cashless — One proposed solution is going cashless, meaning using methods of money that are not paper or coins, such as debit cards or cryptocurrency.

Some experts are concerned about going cashless , as it may make it difficult for some people who do not have credit cards. Also, some small businesses prefer cash so they do not have to pay the fees involved with using a credit card. Finally, there is little evidence that eliminating the use of cash would make a difference in the spread of Covid, nor do we have data to support that this virus may be easily transmitted by any type of contaminated surface.

Read the original article here. Safer but not preferable? Please use Chrome browser for a more accessible video player. The Bank said there was some evidence the virus decays more slowly on smooth surfaces such as stainless steel than on notes. It added: "Where low levels persist, it is not clear whether they are present at levels that could potentially establish infection. The Bank found that a fall in the usage of banknotes since the start of the pandemic was partly to be explained by the slump in spending generally as a result of lockdowns and social distancing rules.

Watch Live. COVID Infection risk from handling cash is low, Bank of England concludes The coronavirus does not survive on banknotes at high levels for very long, according to a study. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens.

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The information on this site does not modify any insurance policy terms in any way. But medical experts say consumers should be cautious, particularly with what they do with their hands after pulling out a wad of cash or making a withdrawal from an ATM.