With the ever-increasing need for social distancing, people are recurring to online payments and e-commerce sites. The longer it takes to find a cure for the disease, the faster our world will change economically. During the pandemic, people will be using credit/debit cards more than physical cash itself. It's no wonder since physical cash is known to carry germs and bacteria with them.
It did take quite a while for the doctors to come up with a vaccine that actually works, took over 8 to 9months I guess, during those lock down period people stopped using fiat since it was easy to get infected through the paper money as germs can actually live on them, so e-commerce became the best choice of transaction for alot of people.
How do you think the economy will be after COVID-19's demise? Will it gradually recover?
After covid-19 varnishes from the face of the earth, there's only one thing thats certainly, which is the economy of countries recovering from the loss during the pandemic,since life will be going back to normal everywhere around the world,everyone can now about with their daily business without any restrictions.