Fiat currency is one that we use daily. It’s the paper note in your wallet that you use to conduct your daily transactions. It’s also the thing we commonly refer to as money. The paper currency (Fiat) exchanges a lot of hands. It lands on multiple surfaces before it gets into your hands and eventually in your wallet (if you don’t use it to conduct another transaction). In the current situation, where we have to observe strict hygiene routine to prevent the spread of COVID-19, Fiat currency seems quite troublesome.
COVID-19 spreads through contact. If an infected person sneezes or coughs into his hands, the hands of this person become a virus carrier. If this person walks into a buffet restaurant and touches the spoons or ladles of different dishes, the spoons and ladles become infected too. COVID-19 is said to stay alive for nine hours on metal surfaces. So, imagine if 100 people visit that buffet restaurant in those nine hours, how many people will get infected.
Similarly, if we look at paper currency, it can act like that too. A recent news report highlighted a bank being sealed as all its staff was tested positive for COVID-19. Now imagine, to how many people the bank would have dispensed money before it was sealed. If all the staff members were tested positive, it means all the paper currency must be infected too. This paper currency will travel across the city, in the hands of different people conducting transactions at shops, bus stations, grocery stores, repair shops, etc. The possibilities are endless. What if one of these people travel to another city carrying such notes. That city will be endangered too.
You can’t disinfect all your paper notes and plastic cards every time you use them. But you can skip all this if you are using digital currency. You will conduct transactions from your electronic device that only you will touch. Also, it will be secure and there will be no fear of theft. Even disregarding the theft part, it will help greatly in preventing the spread of COVID-19. Now we know people are not accustomed to digital currency or cryptocurrency as they are to fiat, but it won’t take them much time to understand the uses.
Remember, people are quarantined around the world. They are sitting in their houses, getting scared and thinking of ways to stop the spread of this pandemic. In these times, when people are not getting out of their homes, they are ordering stuff online and digitalization is in its full element. Since people are wising up to the uses of digitalization while being quarantined, it would take them much time to finally understand the benefits of digital currency. Due to COVID-19, cryptocurrencies will have a brighter future. Now is the best time to invest in cryptos such as DDKoin (DDK) as they will be very beneficial to you in the future. You can also use this time to understand about the DDK platform, staking rewards and its trading. For more info, you may visit our website www.ddkoin.com . Good luck!