Coinbase CEO points out unhygienic paper money and coins

The head of the cryptocurrency exchange Coinbase wrote on his social network that in the context of the global coronavirus epidemic that has swept the world, the use of cash becomes unsafe because infected people could touch it. For example, right now in China it is forbidden to touch fiat products if rubber gloves are not put on your hands and banknotes and coins themselves are thoroughly disinfected with special means.

To minimize the risks, Armstrong’s team has already begun to develop a P2P system for making international payments. Coinbase’s head is convinced that the paper used for printing can serve as a way to transmit the disease. “It is time for the world to start using a global payment network based on hard currency,” he said.

Add, the World Health Organization announced a pandemic outbreak of COVID-19, which began in China at the end of last year. At the moment, the number of infected exceeds 210 thousand people.