Banknotes and coins are dangerous, the world needs bitcoin

US, WASHINGTON (ORDO NEWS) — Coinbase CEO Brian Armstrong believes that coronavirus not only posed a health risk to cash holders, but also increased the risks of losing its purchasing power.

In one tweet, he provided a link to an article in Project Syndicate on the unhygienic nature of coins and banknotes. Chinese authorities disinfect and destroy fiat with traces of COVID-19. The Fed introduced a quarantine for cash dollars from Asia and Europe as a precautionary measure for ten days.

In a second tweet, CEO Coinbase talked about the risks of inflation, hinting at unprecedented measures by leading central banks to prevent further market collapse.

“The time has come for the world to receive a global payment system based on hard currency,” Armstrong wrote.


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