How COVID-19 affected and influenced the finance world

According to all our dear diaries 2020 was supposed to be the year , the year of savings , the year you will find love , the year you’ll finally change jobs, the year you will do that MBA but 2020 had other plans. 2020 came in like rain on your wedding day , and taught us some tough lessons , mostly financial. Most of us have saved for years for those dreams we secretly hold onto as adults , a dream vacation , a degree that needs to be done , college funds and so on ,unfortunately this year we spent those savings on COVID-19. COVID-19 has drastically affected the financial world for what seems to be permanently. With retail , leisure travel , restaurants , hotels and other industries facing bankruptcy and asking banks for financial assistance the world needed to adjust overnight. This reality has left many jobless or with less than half their incomes , creating a major need for innovation and new ways of working. Most employees were sent home to work remotely creating a need for a safer and cashless payment solution , whilst others dusted off their entrepreneurial sides and took the internet to sell their goods further embedding a need for a cashless society.