Virus could hasten China's digital currency launch

The novel coronavirus pneumonia outbreak could accelerate the issuance of government-backed digital currency in China. [Photo/]

BEIJING, Feb 17 (China Daily/ANN) -- The novel coronavirus pneumonia outbreak could change people's habit of using cash and increase their reliance on electronic payment, which in turn could accelerate the issuance of government-backed digital currency in China, according to analysts.

Although it is still not known how long the virus survives on the surface of paper notes and coins, the epidemic has constrained face-to-face cash transactions, they said, considering that the primary means of spreading novel coronavirus is through physical contact with respiratory droplets.

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Regional

Police deploy 1,250 officers for King's installation
Nato moving into Indo-Pacific?
A grand pirouette - An increasing number of middle-aged, elderly women in Japan are taking Ballet classes
Malaysian injured by falling concrete in Hong Kong's Tsim Sha Tsui
Python swallows woman whole in Indonesia
Malaysia needs time to study Asean joint visa proposal, says Home Minister
Mt Ruang: Last eruptions before Wednesday occurred in 2002, 1949
Thailand drops joint patrols with Chinese police after public backlash
Cops on the hunt for cable thieves in Ayer Hitam
Najib wanted to answer questions on money laundering in court, says investigating officer

Others Also Read