Coronavirus Infection-19 (Corona 19) has reduced cash use in major countries around the world, and analysis has shown that Corona 19 can speed up the issuance of digital money.

The Bank of Korea today (5th) said in the report, "The effect of the spread of Corona 19 on payment methods in major countries in recent years." The.

LINK, a British ATM machine operator, recently announced that its cash use in the UK has halved.

It is highly likely that not only the UK, but also Korea, Germany, and other major countries around the world have reduced cash use.

In Korea, online shopping malls such as Coupang and eBay Korea were outstanding as consumers were reluctant to do offline shopping.

In Germany, the share of non-payments in total card use rose from 35% before Corona19 to 50% thereafter.

Another reason behind the decline in cash use is the concern that corona19 virus may remain on banknotes touched by unspecified individuals.

Famous shops and tourist spots, such as the French Louvre, the British Costa Coffee, and the Amazon India, have banned cash payments because of concerns about the spread of the virus.

Therefore, central banks such as Korea, the United States, China, and Hungary sterilize bills from financial institutions and store them for two weeks or more to prevent the spread of corona19 through bills.

In the US, Canada and the United Kingdom, commercial bank branches have been temporarily closed or business hours have been reduced to reduce cash access.

"The prospect that the spread of Corona 19 will be a catalyst to accelerate the issuance of digital currency is growing," said Han Eun.

The US Congress also suggested that making a digital dollar could quickly fund individuals' electronic wallets.

However, Han Eun added, "There is also a concern that digital innovation will be delayed in the event of a recession due to Corona 19."