OLEDS INFO

 The use of contactless payment was recommended by the health authorities , thus avoiding the use of coins and bills. The almost complete closure of commercial establishments was a blow to monetary transactions in general, so that the use of point of sale terminals fell between 60% and 70% with the confinement, according to figures from Banco Santander and BBVA , while cash withdrawals from ATMs fell by 68% in March in Spain, according to a survey by bank N26, while other entities place this decrease between 50% and 60%.

 Technology advances for our comfort and any step forward related to the management of our money is always welcome. In addition, the global pandemic that we are experiencing has accelerated the use of digital forms of payment, leading the European Central Bank (ECB) to propose the use of a future digital euro.

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