Deutsche Bank: Coronavirus threatens cash use

The largest financial conglomerate in Germany, Deutsche Bank, said that with the rapidly developing epidemic of coronavirus, the authorities need to develop national digital assets. Paper notes currently pose a real threat to human health, as they accumulate harmful bacteria that can be transmitted from person to person.

“The emerging pathogen needs a long-term solution that requires significantly accelerated development,” said the macro strategy of financial giant Marion Labour. In addition, previously experts predicted the appearance in the near future of biological passports that will store all the information about the owner on gadgets. Such documents will become a kind of pass abroad and a guarantee that a person visiting a foreign country is healthy and will not be able to harm others.

“If the technology receives its recognition quickly enough, then it will become an incentive for the development of tourism, and if not, measures must be taken on mandatory self-isolation upon arrival,” Deutsche Bank believes.