Future of payment methods: pandemic drives new habits

Far from being better used, traditional payment methods are increasingly in disuse, and this new technology promises to revolutionize the financial market. The road is still long, but the most important is being done: without a first step, nobody moves!

Since the Covid-19 pandemic arrived in country, quarantine and social isolation are measures enacted by the World Health Organization (WHO) to prevent the spread of the disease and reduce the curve of infected people in the country. We may not have had enough time yet to understand that our lives have changed profoundly in the past few months and that the new consumption habits that we are learning to deal with will probably remain forever in the post-coronavirus world.

 


During the quarantine, dozens of digital shows were broadcast live on YouTube in order to bring entertainment to the homes and collect donations in kind, tons of food and items for hospitals and charities in fighting the pandemic. Lives, as they are popularly called, in addition to containing advertisements and advertising brands recognized in the market, also encourage the use of QR Code and digital wallets, through specific applications that allow donors to make transactions safely.

 

It is true that physical money is still very much present in people's lives, but with this article SteveHoffman want to show that Covid-19 is already driving new means of payment and allowing markets that were in their infancy to start standing. Before we forget: all of these payment methods depend only on a mobile device like smartphones. Does anyone doubt that financial inclusion will be the next effect of the pandemic? Let's wait!

 

About Steve Hoffman

Steve Hoffman is a founder of next generation payment transfer solution Newt for individuals and local closed loop systems that focuses on using new methods for money transfers.


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