The rapid digitalization of payment methods during the COIVD-19 pandemic has dramatically changed the consumer landscape, therefore changing the national (and global) footprint of coin. In the latest episode of The Cash News, Tom and Shaun discuss the coin conundrum: Is there truly a shortage on coin, and as the economy reopens, will consumers return to brick-and-mortar stores and spend the cash and coin they’ve held onto for the past few months?
Though many consumers have changed their habits when COVID hit the world, the digital transformation from a consumer standpoint has been happening for years. It was only when the pandemic happened that it accelerated.