According to Tony Moroney, Managing Partner at Beta Digital, 12 percent of UK residents switched to digital banking between March 14 and April 14; the trend follows almost all other industries where digital is now at the forefront of business; the trend in digital banking has slowly caught on in the UK, and the world; Moroney argues that “what we are seeing is the world converting to digital in just a couple of months.”; 2019 saw more than $7bn in contactless payments, a 7 percent rise in credit card usage and cash transactions dropped by 15 percent; while there is a still a place for cash the digital movement has accelerated due to the coronavirus and there is little chance it will slow down anytime soon. CrowdFund Insider
