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Stock impact report

How Dirty Money Is Giving Rise To Digital Money [Forbes]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: Forbes
Photo:GettyAmid the widespread impact of the coronavirus, the role of physical cash has come under scrutiny. It’s no secret thatcash is dirtyresearchNevertheless, no one is taking any chances. The U.S. Federal Reserveincreased the holding periodbanks in ChinaThis move away from cash for hygienic reasons coupled with isolations occurring worldwide has begun to create a significant shift toward digital payments. With no obvious end to the outbreak in sight, the financial world must face a reality that has been showing its face since well before 2020: Cash is no longer king.Let’s look at how this will drive acceleration toward digital payments, examine the impact the SARS outbreak of 2003 had on the rise of e-commerce and consider the impact this turning point may have on the future of payments.Lessons In HistoryThis is not the first time a major global event has altered entire industries. It’s also not the first time an unknown virus has caused such tectonic shifts. The 2003 outbreak of Show less Read more
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