The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11 due to the increasing spread of the virus around the world. In addition to health, the main threat from the coronavirus is its direct impact on the economy, as countries have had to stop their daily activities and take measures such as isolation to reduce the risk of contagion.
Some productive sectors have been the most affected so far. These include tourism, restaurants, hotels, airlines, the automotive industry, and consumer goods. Furthermore, the virus has directly affected global supply chains, which represents additional damage to the world economy.
In Latin America, the Economic Commission for Latin America and the Caribbean (ECLAC) estimates that the number of people in poverty will increase to 220 million after this crisis. Likewise, the World Labor Organization estimates the elimination of more than 24.7 million jobs worldwide.
However, digital economist and promoter of Blockchain technology, Renato Rodríguez propose to implement new measures to face this crisis. As a first point, it recommends populations to adopt the use of cryptocurrencies, since in this way they can make payments without direct contact between people and avoid cash that can be a focus of disease transmission.
On the other hand, Rodríguez has also promoted, as an alternative, the adoption of marketing networks with financial products that allow people to work from their homes and generate extra income from digital assets.
Rodríguez’s goal is to educate more and more people so that those who have already migrated to the digital economy keep their jobs and can stay safe at home since most of the work can be done online. But also, strengthen the adoption of the crypto world by the government and societies so that those families affected by the current crisis can have a new opportunity to earn an extra salary or income and implement new technologies in their daily lives.