Cash, once hoarded in times of uncertainty, is now viewed warily as a potential transmitter of the coronavirus.
You know you need to wash your hands after going to the grocery store — what about your favorite hoodie? Here’s what we know so far.“Cash ist Fesch” is a common saying in Austria and southern Germany. The phrase, which literally means “cash is beautiful,” reflects an attachment to cold hard cash — and not just among the older generation or those who worry about the loss of privacy that comes with cashless payments.
“The culture is slowly changing,” says Hiroki Maruyama, who heads the Fintech Assn. of Japan, a nonprofit organization.Sign up for the latest news, best stories and what they mean for you, plus answers to your questions.Billionaire investor Warren Buffett says that “cash combined with courage in a crisis is priceless.” And in crisis-hit countries and parts of the world gripped by conflict or inflation, cash is still carried in thick wads for simple shopping expeditions.
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