The spread of the coronavirus in China is leading to unsuspected consequences. The Chinese government has even put bank notes in quarantine.
The entire world knows the delicate situation that China is currently undergoing due to the spread of the coronavirus in its territory. During those weeks in which this disease has extended, tens of thousands have become infected and hundreds have died. The serious situation faced by the Asian country has led to quarantining the bills used by the population, creating a problem for which Bitcoin seems to be the solution.
Spread of the Coronavirus
The human race has faced and been victorious against multiple diseases throughout its history. Even when the costs have been too high, humans have managed to fight and control diseases such as the black plague in the 14th century, the SARS (severe acute respiratory syndrome) at the beginning of the 21st century, and the AH1N1 (swine flu) infection between 2009 and 2010.
For that reason, at this time when people are facing the coronavirus, it can be said that humans already have the experience and the conditions as a species to fight and stop this disease. Thanks to that, scientists have been able to contain the coronavirus in the Wuhan region of China and the surrounding provinces.
Despite the existing limited possibilities, it has been possible to prevent the great damages that the coronavirus could have caused. It should be noted that the disease that affects 69,000 people worldwide has had a dramatic impact on the way of life of Chinese citizens, including the circulation of their national currency, the yuan.
Chinese Bank Notes in Quarantine
It was also reported that the Chinese government has ordered the quarantine of the bills used by the population to stop the extension of the coronavirus in its territory. This has been done under the assumption that the disease could be transmitted through the Chinese fiat currency.
This measure was introduced after February 13th, when a peak was reached in the number of confirmed cases of coronavirus, through the addition of 15,000 new cases in a single day. This occurred as a consequence of a change in the methodology for including newly infected patients in the statistics.
Of course, this has led to an additional problem for the inhabitants of China. Besides having to bear the weight of a quarantine issued by their government, they could also suffer the shortage of bills in the next few days while the government is disinfecting them to prevent further propagation.
Speculation has arisen in the crypto Twitter community, with many users commenting that the solution to this problem should have been Bitcoin. They say that the cryptocurrency could have served as a means of exchanging goods and services during this time. However, this is an idea to which the Chinese government would not be open since it has been fighting Bitcoin and seeking ways to regulate and ban the trading with this and other decentralized crypto assets.
By Alexander Salazar