ArticleController :: show
Request
GET Parameters
None
POST Parameters
None
Uploaded Files
None
Request Attributes
Key | Value |
---|---|
_controller | "App\Controller\ArticleController::show" |
_firewall_context | "security.firewall.map.context.main" |
_links | Symfony\Component\WebLink\GenericLinkProvider {#3650 -links: [ 3771 => Symfony\Component\WebLink\Link {#3771 -href: "/build/runtime.js" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "script" ] } 3769 => Symfony\Component\WebLink\Link {#3769 -href: "/build/644.js" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "script" ] } 3768 => Symfony\Component\WebLink\Link {#3768 -href: "/build/502.js" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "script" ] } 3767 => Symfony\Component\WebLink\Link {#3767 -href: "/build/app.js" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "script" ] } 3766 => Symfony\Component\WebLink\Link {#3766 -href: "/build/view-more.js" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "script" ] } 3765 => Symfony\Component\WebLink\Link {#3765 -href: "/build/term-condition.js" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "script" ] } 3764 => Symfony\Component\WebLink\Link {#3764 -href: "/build/contact.js" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "script" ] } 3763 => Symfony\Component\WebLink\Link {#3763 -href: "/build/scroll-infinite-article.js" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "script" ] } 3762 => Symfony\Component\WebLink\Link {#3762 -href: "/build/app.css" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "style" ] } 3761 => Symfony\Component\WebLink\Link {#3761 -href: "/build/cookie-style.css" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "style" ] } 3760 => Symfony\Component\WebLink\Link {#3760 -href: "/build/term-condition-css.css" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "style" ] } 3759 => Symfony\Component\WebLink\Link {#3759 -href: "/build/contact-css.css" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "style" ] } 3758 => Symfony\Component\WebLink\Link {#3758 -href: "/build/comment-css.css" -rel: [ "preload" => "preload" ] -attributes: [ "as" => "style" ] } ] } |
_route | "article_show" |
_route_params | [ "category" => "technology" "slug" => "coronavirus-has-hastened-digitalization-will-it-hasten-digital-currencies" ] |
_security_firewall_run | "_security_main" |
_stopwatch_token | "b9f223" |
category | "technology" |
slug | "coronavirus-has-hastened-digitalization-will-it-hasten-digital-currencies" |
Request Headers
Header | Value |
---|---|
accept | "*/*" |
accept-encoding | "gzip, br, zstd, deflate" |
connection | "close" |
cookie | "PHPSESSID=r41b56vi224s0hghjeont9ep2o" |
host | "rct.dev.bbntimes.com" |
user-agent | "Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)" |
x-php-ob-level | "1" |
Request Content
Request content not available (it was retrieved as a resource).
Response
Response Headers
Header | Value |
---|---|
cache-control | "no-cache, private" |
content-type | "text/html; charset=UTF-8" |
date | "Wed, 16 Apr 2025 07:42:48 GMT" |
link | "</build/runtime.js>; rel="preload"; as="script",</build/644.js>; rel="preload"; as="script",</build/502.js>; rel="preload"; as="script",</build/app.js>; rel="preload"; as="script",</build/view-more.js>; rel="preload"; as="script",</build/term-condition.js>; rel="preload"; as="script",</build/contact.js>; rel="preload"; as="script",</build/scroll-infinite-article.js>; rel="preload"; as="script",</build/app.css>; rel="preload"; as="style",</build/cookie-style.css>; rel="preload"; as="style",</build/term-condition-css.css>; rel="preload"; as="style",</build/contact-css.css>; rel="preload"; as="style",</build/comment-css.css>; rel="preload"; as="style"" |
x-debug-token | "20656b" |
Cookies
Request Cookies
Key | Value |
---|---|
PHPSESSID | "r41b56vi224s0hghjeont9ep2o" |
Response Cookies
No response cookies
Session 6
Session Metadata
Key | Value |
---|---|
Created | "Wed, 16 Apr 25 07:41:59 +0000" |
Last used | "Wed, 16 Apr 25 07:42:46 +0000" |
Lifetime | 0 |
Session Attributes
Attribute | Value |
---|---|
_csrf/https-comment | "M8iOPSjo5O4qCcU6e4aAPL7KmZNCRYPNgvDnsZYLCv8" |
_csrf/https-cookie_accept | "YRO9BXDYWn8r-Oq9-_CngXD5ma13zHNYXeYUpP8_y6k" |
Session Usage
6
Usages
Stateless check enabled
Usage |
---|
Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:76
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:79
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:52
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:56
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Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage:41
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Symfony\Component\Security\Http\Firewall\ContextListener:171
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Flashes
Flashes
No flash messages were created.
Server Parameters
Server Parameters
Defined in .env
Key | Value |
---|---|
APP_ENV | "dev" |
APP_SECRET | "0a988e63f011514eaabfc650b599af4d" |
CORS_ALLOW_ORIGIN | "*" |
DATABASE_URL | "mysql://bbndb_rctuser:33F5W25z40or0f7@localhost:3306/rct_bbntimes" |
GOOGLE_RECAPTCHA_SECRET_KEY | "6LdV5fgpAAAAANxzTG8ZMfIjil1wu-1vrQvnUt-x" |
GOOGLE_RECAPTCHA_SITE_KEY | "6LdV5fgpAAAAAENKcn73MJAhQrbtQeqgyC4wDLMP" |
MAILER_DSN | "smtp://no-reply%40rct.dev.bbntimes.com:Bl6%26gLD48%26Of919@rct.dev.bbntimes.com:465" |
MARIADB_PASSWORD | "i!87pK&!85ezc8" |
Defined as regular env variables
Key | Value |
---|---|
APP_DEBUG | "1" |
BASE | "/public" |
CONTEXT_DOCUMENT_ROOT | "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com" |
CONTEXT_PREFIX | "" |
DOCUMENT_ROOT | "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com" |
FCGI_ROLE | "RESPONDER" |
GATEWAY_INTERFACE | "CGI/1.1" |
HTTPS | "on" |
HTTP_ACCEPT | "*/*" |
HTTP_ACCEPT_ENCODING | "gzip, br, zstd, deflate" |
HTTP_CONNECTION | "close" |
HTTP_COOKIE | "PHPSESSID=r41b56vi224s0hghjeont9ep2o" |
HTTP_HOST | "rct.dev.bbntimes.com" |
HTTP_USER_AGENT | "Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)" |
PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY | "0" |
PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY | "0" |
PATH | "/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/snap/bin" |
PHP_SELF | "/public/index.php" |
PP_CUSTOM_PHP_CGI_INDEX | "plesk-php81-fastcgi" |
PP_CUSTOM_PHP_INI | "/var/www/vhosts/system/rct.dev.bbntimes.com/etc/php.ini" |
QUERY_STRING | "" |
REDIRECT_BASE | "/public" |
REDIRECT_HTTPS | "on" |
REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY | "0" |
REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY | "0" |
REDIRECT_REDIRECT_HTTPS | "on" |
REDIRECT_REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY | "0" |
REDIRECT_REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY | "0" |
REDIRECT_REDIRECT_SCRIPT_URI | "https://rct.dev.bbntimes.com/technology/coronavirus-has-hastened-digitalization-will-it-hasten-digital-currencies" |
REDIRECT_REDIRECT_SCRIPT_URL | "/technology/coronavirus-has-hastened-digitalization-will-it-hasten-digital-currencies" |
REDIRECT_REDIRECT_SSL_TLS_SNI | "rct.dev.bbntimes.com" |
REDIRECT_REDIRECT_STATUS | "200" |
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REDIRECT_SSL_TLS_SNI | "rct.dev.bbntimes.com" |
REDIRECT_STATUS | "200" |
REDIRECT_UNIQUE_ID | "Z_9fdzMPOH5Hdsjt6vRnRwAAAAU" |
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REMOTE_ADDR | "3.137.182.21" |
REMOTE_PORT | "43275" |
REQUEST_METHOD | "GET" |
REQUEST_SCHEME | "https" |
REQUEST_TIME | 1744789367 |
REQUEST_TIME_FLOAT | 1744789367.7002 |
REQUEST_URI | "/technology/coronavirus-has-hastened-digitalization-will-it-hasten-digital-currencies" |
SCRIPT_FILENAME | "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php" |
SCRIPT_NAME | "/public/index.php" |
SCRIPT_URI | "https://rct.dev.bbntimes.com/technology/coronavirus-has-hastened-digitalization-will-it-hasten-digital-currencies" |
SCRIPT_URL | "/technology/coronavirus-has-hastened-digitalization-will-it-hasten-digital-currencies" |
SERVER_ADDR | "5.196.1.209" |
SERVER_ADMIN | "[no address given]" |
SERVER_NAME | "rct.dev.bbntimes.com" |
SERVER_PORT | "443" |
SERVER_PROTOCOL | "HTTP/1.1" |
SERVER_SIGNATURE | "<address>Apache Server at rct.dev.bbntimes.com Port 443</address>\n" |
SERVER_SOFTWARE | "Apache" |
SSL_TLS_SNI | "rct.dev.bbntimes.com" |
SYMFONY_DOTENV_VARS | "APP_ENV,APP_SECRET,DATABASE_URL,MARIADB_PASSWORD,CORS_ALLOW_ORIGIN,MAILER_DSN,GOOGLE_RECAPTCHA_SECRET_KEY,GOOGLE_RECAPTCHA_SITE_KEY" |
UNIQUE_ID | "Z_9fdzMPOH5Hdsjt6vRnRwAAAAU" |
Sub Requests 6
CookieController :: renderAnalysis (token = dbb36c)
Key | Value |
---|---|
_controller | "App\Controller\CookieController::renderAnalysis" |
_format | "html" |
_locale | "en" |
_stopwatch_token | "264665" |
AppController :: renderHeader (token = ba6459)
Key | Value |
---|---|
_controller | "App\Controller\AppController::renderHeader" |
_format | "html" |
_locale | "en" |
_stopwatch_token | "d3986c" |
slug | "home" |
ArticleController :: trendingArticle (token = 554462)
Key | Value |
---|---|
_controller | "App\Controller\ArticleController::trendingArticle" |
_format | "html" |
_locale | "en" |
_stopwatch_token | "e439fa" |
category | "Technology" |
ArticleController :: relatedArticles (token = f5e694)
Key | Value |
---|---|
_controller | "App\Controller\ArticleController::relatedArticles" |
_format | "html" |
_locale | "en" |
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current_article | App\Entity\Article {#1094 -id: 5978 -title: "Coronavirus Has Hastened Digitalization — Will It Hasten Digital Currencies?" -slug: "coronavirus-has-hastened-digitalization-will-it-hasten-digital-currencies" -introtext: "<p><span style="color: #000000;">As the world peeks out from its doors after lockdowns lift, it looks out into a world forever changed by the coronavirus pandemic and digitalizing at an even faster pace. </span></p>\r\n" -content: """ \r\n <p><span style="color: #000000;">Could this hasten the adoption of all things digital, including currencies?</span></p>\r\n <p id="b76c" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no np hb" data-selectable-paragraph><span style="color: #000000;"><span class="y nt nu nv nw nx ny nz oa ob cx">G</span>eorge Morgan chuckled to himself at the meme that appeared on his Facebook feed and without thinking twice, deftly selected “share” on his smartphone and posted it on his Facebook wall, circulating the meme to his friends and family members.</span></p>\r\n <p id="c4cb" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">For any member of the digital community, Morgan’s actions were unremarkable, except that he’s eighty-seven.</span></p>\r\n <p id="5dc3" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">A decorated veteran of three wars, the octogenarian was introduced to Facebook by his great grandchildren almost two years ago.</span></p>\r\n <p id="72ea" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And while Morgan was initially dismissive of the technology, the ability of the world’s largest social media platform to reunite him with his old army buddies, catch up with family and connect with the world, had him hooked.</span></p>\r\n <p id="a325" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Today, Morgan, whose eyesight is still pretty good for a man his age, still prefers to access Facebook on his desktop computer, a gift from his daughter, who’s fifty six, but he can’t imagine what life was like before he had found Facebook, noting,</span></p>\r\n <p id="ca33" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">“I thought technology was really just a thing for the young people. But especially during this coronavirus, where the girls can’t even come up to see me anymore, I think I would have been dead by now if not for this.”</span></p>\r\n <p id="9a03" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And Morgan’s story is hardly unique.</span></p>\r\n <h2 id="854f" class="oc hv av ce cd ey od oe of og oh oi oj ok ol om on" data-selectable-paragraph>Deepening Digital Ties</h2>\r\n <p id="14e1" class="nd nq av ce nf b lh oo nr lj op ns ni oq lt nk or lu nm os lv no hb" data-selectable-paragraph><span style="color: #000000;">As lockdowns have dragged on, our reliance on technology has only deepened, not lessened.</span></p>\r\n <p id="1a5f" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">When you can’t go outside, shake hands, hug or share a meal, all that you’re left with is digital interaction.</span></p>\r\n <p id="b11f" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And as the world gradually opens its doors ajar to lifting lockdowns, the world that we now step into, is vastly different from the one we shuttered our doors to.</span></p>\r\n <p id="8855" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Several companies have stood out as forming the digital backdrop for the coronavirus, including Zoom, Netflix and of course the video game of choice for the pandemic, Infinity Ward’s highly successful Call of Duty: Warzone, which racked up an astounding 50 million players globally in a matter of weeks.</span></p>\r\n <p id="a3fc" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And while “digital transformation” has been the buzzword in conferences and board rooms for years, it really took a global pandemic that pushed companies into “digitizing,” and in many cases, this digitalization was almost overnight.</span></p>\r\n <p id="f988" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">The distinction between our “real lives” and our “digital lives” will become increasingly blurred and tech leaders are unsurprisingly, eager to usher in this new era, with Microsoft’s CEO Satya Nadella, noting that social distancing rules, mark the start of “a remote everything.”</span></p>\r\n <p id="9084" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">By Nadella’s estimate, the coronavirus pandemic has brought forward the adoption of a vast scope of technologies by as much as two years.</span></p>\r\n <p id="d1de" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And while the precise pace of digitalization is debatable, that the coroanvirus has fundamentally altered the way we work, play, learn, shop and interact, is certain.</span></p>\r\n <h2 id="097b" class="oc hv av ce cd ey od oe of og oh oi oj ok ol om on" data-selectable-paragraph>Habits Digitalize Hard</h2>\r\n <p id="10bf" class="nd nq av ce nf b lh oo nr lj op ns ni oq lt nk or lu nm os lv no hb" data-selectable-paragraph><span style="color: #000000;">Consumer behavior for instance, typically takes years to change, but is now occurring almost overnight. Whereas before, a couple might have headed to the cinema, they’re now more likely to stay home with Netflix than ever before. Is it any wonder then that the world is fast running out of condoms?</span></p>\r\n <p id="2b87" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">People are spending more on home computer systems as well, with popular video gaming equipment increasingly sold out, including gaming headsets, keyboards, mice and large format monitors.</span></p>\r\n <p id="0d41" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And with all that investment in home office and entertainment hardware, habits will change as well, with sectors such as video gaming becoming increasingly important economically.</span></p>\r\n <p id="2131" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Business relationships, which used to be forged over face-to-face meetings and countless dinners and drinks, have now had to be formed over Zoom calls, allowing business partners into the privacy and intimacy of our homes — speeding up the business matchmaking process in untold ways.</span></p>\r\n <p id="5b60" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Politicians, used to the ruckus of party politics in person in capital cities, have had to make do with managing with video conferences and the demand for secure video communications between legislators has never been greater.</span></p>\r\n <p id="036f" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And in a world where it’s actually dangerous for people to work next to each other, automation technologies, in particular the adoption of robots, will occur at a faster pace than ever before.</span></p>\r\n <p id="167a" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">The business processes developed to deal with this period will likely become the new rails upon which commerce runs and management is unlikely to rip up these new processes when the crisis passes.</span></p>\r\n <p id="c276" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Business trips, which form the bulk of airline revenues near the front of the plane are likely to become less common. And conferences may occur less frequently and more virtually.</span></p>\r\n <p id="4cbd" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Companies investing in automation will also start to downsize their labor force, not just for cost reasons, but for coronavirus reasons.</span></p>\r\n <p id="2249" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And even telemedicine will fundamentally alter the way our healthcare systems work and what it means to “see the doctor.”</span></p>\r\n <p id="498e" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Distance learning will draw into question the trillions of dollars we spend annually on school fees and lead even more to question the value of a degree, especially if the networking opportunities from education are no longer as available as they were previously.</span></p>\r\n <p id="ad31" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">On the flipside, the move towards digital learning could also make high quality education more widely available <em class="ox">provided</em> that governments invest in infrastructure that make it possible for even the poorest children to gain access to a computer and the internet, otherwise it will only serve to exacerbate already yawning inequality.</span></p>\r\n <h2 id="37ca" class="oc hv av ce cd ey od oe of og oh oi oj ok ol om on" data-selectable-paragraph>Are We At War?</h2>\r\n <p id="1084" class="nd nq av ce nf b lh oo nr lj op ns ni oq lt nk or lu nm os lv no hb" data-selectable-paragraph><span style="color: #000000;">Many have likened the cornavirus pandemic to a war, and in there are strong parallels. For instance, the U.S. has entered a level of indebtedness (US$3.7 trillion) as a share of GDP, not seen since 1945, the very height of the Second World War.</span></p>\r\n <p id="a22d" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And as governments and central banks everywhere issue debt as if it were going out of fashion, the monetary and fiscal policy consequences wrought by the coronavirus pandemic will be felt for decades to come.</span></p>\r\n <p id="b46c" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Whereas prior to the pandemic, the U.S. Federal Reserve may have been reserved about issuing a central bank digital currency, the coronavirus may have set aside such reservations and accelerated the process in unforeseen ways.</span></p>\r\n <p id="c846" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Democratic Senator Sherrod Brown, a vocal critic of Facebook’s Libra cryptocurrency project, had included language in early drafts of the U.S. stimulus bill to cater for the prospect of a digital currency as well as issuing all Americans, digital wallets.</span></p>\r\n <p id="defa" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">In a post coronavirus world, direct handouts from the government may no longer be anathema to even the fiercest of conservatives, with a sitting Republican president and Republican-led Senate, approving a nationwide stimulus check to every American.</span></p>\r\n <p id="11a3" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">All of these forces combined, will speed up not just the digitalization of our personal and business lives, but our financial lives as well.</span></p>\r\n <p id="e71e" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Banks which have moved at glacial speeds to adopt digitalization will now need to factor that branches aren’t just contact points with their customers, they are potential hotbeds of future pandemics.</span></p>\r\n <p id="e309" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">The entire financial system itself is due for a period of introspection and digitalization, at a speed that would otherwise have been impossible if not for the coronavirus pandemic.</span></p>\r\n <p id="001e" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And as money races to digitize, what is considered “money” will change as well — with the possibility that even private, decentralized currencies such as cryptocurrencies, one day competing alongside sovereign-issued national currencies.</span></p>\r\n <p id="47ca" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Because ultimately, what holds value is what we say does, and as central banks keep print money, keeping score with money will become increasingly difficult, especially when the points are theoretically infinite.</span></p>\r\n <p id="506d" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">To be sure, digitalization is not a foregone conclusion, but habits formed are hard to change — except during a period of crisis.</span></p>\r\n <p id="e2f7" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">A simple example is how Europeans, having experienced the dire economic conditions of global conflict, became used to eating offal, whereas their Atlantic cousins in America never adopted the same practices.</span></p>\r\n <p id="e53f" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Habits forged out of crisis also have a habit of enduring.</span></p>\r\n <p id="dcfb" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">And when it comes to fiat currencies, particularly physical cash, the dangers in handling it (can it carry the coronavirus?) and depositing it (will I catch the coronavirus at the bank?) means that our relationship with money has been altered in ways which we haven’t even fully appreciated yet.</span></p>\r\n <p id="0b7c" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Against this backdrop, what qualifies as an asset or a currency will change as well.</span></p>\r\n <p id="db5d" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Judging by the surge in Bitcoin, Ethereum and a host of other cryptocurrencies, the increase in trading volumes and the renewed interest in the nascent sector, an argument could be made that the coronavirus has fundamentally altered perceptions of “value.”</span></p>\r\n <p id="962f" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">To be sure, a return to anything even vaguely resembling pre-coronavirus normality will see some drop-off in digital activity, but the digitalization genie has already been let out of the bottle.</span></p>\r\n <p id="76fe" class="nd nq av ce nf b lh ng nr lj nh ns ni nj lt nk nl lu nm nn lv no hb" data-selectable-paragraph><span style="color: #000000;">Human beings are social creatures by design and we will no doubt rediscover the joys of personal contact, but the digital imprints that this period has written into our psyches, will mean that the world we open our doors to, will forever be different from the one we closed it on.</span></p> """ -user: Proxies\__CG__\App\Entity\User {#1092 …} -createdAt: DateTime @1588753437 {#1145 : 2020-05-06 08:23:57.0 UTC (+00:00) } -updatedAt: DateTime @1588753589 {#1150 : 2020-05-06 08:26:29.0 UTC (+00:00) } -deletedAt: null -category: App\Entity\Category {#445 …} -status: "published" -imageCard: Proxies\__CG__\App\Entity\File {#1184 …} -ImageHeader: Proxies\__CG__\App\Entity\File {#1184 …} -featured: false -mainView: false -clicks: 1690 -comments: Doctrine\ORM\PersistentCollection {#1125 …} -reviewed_at: DateTime @1588753437 {#1148 : 2020-05-06 08:23:57.0 UTC (+00:00) } -metakey: "Coronavirus" -metadesc: "As the world peeks out from its doors after lockdowns lift, it looks out into a world forever changed by the coronavirus pandemic and digitalizing at an even faster pace." -robots: null -publishedAt: DateTime @1588753437 {#1147 : 2020-05-06 08:23:57.0 UTC (+00:00) } -canonical: null -superTag: null } |
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