Brett King wrote an article on Banking for Tomorrow website on why Ebola might finally kill cash. Mostly it is due to the transmission of diseases through banknotes. Read about it below…
It is estimated by the WHO that up to 80% of viral and bacterial transmissions occur through contact via your hands.
That being said, it turns out physical bank notes are a huge transmission vector for viruses like Ebola.
- “The NYU researchers identified 3,000 types of bacteria in all — many times more than in previous studies that examined samples under a microscope,” wrote WSJ’s Robert Lee Hotz.
(See “Why you shouldn’t put your money where your mouth is” April 18, 2014 – http://online.wsj.com/news/articles/SB10001424052702303456104579489510784385696)
Viruses and bacteria can live on most surfaces for about 48 hours, but paper money can reportedly transport a live flu virus for up to 17 days. A study published in Antimicrobial Resistance and Infection Control found that some microbes can have an even longer lifespan on plastic polymer bank notes.
Read more here…
Brett King is a bestselling author and the founder of a breakout new retail banking concept, Movenbank. Voted as American Banker’s Innovator of the Year in 2012, King initially achieved recognition for his bestselling book BANK 2.0, which received widespread industry acclaim and topped category lists in the UK, USA, Germany, Japan, Canada, France Russia and Asia. ‘Branch Today, Gone Tomorrow’ – King’s second book achieved bestseller status in its first week on Amazon. He is widely considered the foremost global expert on retail banking innovation today.
A keynote speaker at leading global events for financial services and innovation, King is an acknowledged expert on innovation, customer experience and channel distribution strategy including understand the fundamental shifts in consumer behaviour.
Brett has presented at conferences in more than 40 countries for organizations like Google, Forbes, Oracle, The Economist, SAS, SWIFT, Bloomberg, American Banker, ABA, IIR, World Council of Credit Unions, and others. He has served as an international judge for The Asian Banker Retail Banking Excellence Awards, the GSMA Global Mobile Awards, the Middle East Business Achievement and Retail Banking Awards.
Contact us at Speakers Connect at [email protected] or +852 21654126 if you would like to engage Brett for your next event.