COVID-19 Is Changing the Way the World Sees Money

Technology has consistently been a key catalyst for social change. While various factors such as wars, natural disasters, and pandemics also drive such transformations, the COVID-19 pandemic—unlike any in a century—has significantly impacted our world. Unfortunately, there’s never an opportune moment for such events.

The developments that began in late 2019 have affected numerous industries to an extent that is still difficult to quantify. The resulting losses and challenges are evident, yet innovative technologies may provide solutions during this challenging period. Digital currencies, which had previously sparked debate, are now experiencing heightened demand from both individual users and institutional investors. What had remained unchanged for a long duration has undergone rapid transformation during this crisis. The global shift towards digital payments and cryptocurrencies is already underway.