BIS: Due to the epidemic of the new crown epidemic, changes in payment methods may promote the development of central bank digital currency

A report released by the Bank for International Settlements (BIS) shows that the pandemic of the New Coronary Pneumonia epidemic may lead to a shift in people ’s payment methods. Because the public is concerned that cash may be one of the vectors of the New Coronary Pneumonia virus transmission, it may stimulate digital currency including CBDC) Demand for internal digital currencies. The report said that despite the lower probability of spreading through cash banknotes than other contact media, central banks have taken measures to disinfect cash. One possible result is that “the flexible and easily accessible central bank payment infrastructure may quickly become more prominent, including central bank digital currency (CBDC).”