Covid is accelerating the demise of cash, highlighting racial inequities in digital payments

Covid is accelerating the demise of cash, highlighting racial inequities in digital payments

The crisis has also highlighted a lack of fairness in digital payments, which are quickly overtaking cash transactions. Central bank officials are looking at ways to make these transactions fairer and more inclusive. Payment cards and digital wallets were catching on before the spread of Covid-19, but the shift has accelerated.