Report: A pandemic has resulted in both a slowdown in digital payments and a downturn in the crypto industry.

According to Decrypt on October 29, a joint Cambridge Center for Alternative Finance and World Bank study found that the spread of the coronavirus has led to the growth of the digital industry through research of 118 governing bodies in 114 countries. As the demand for various forms of financial services, such as digital payments and loan services, has increased, the growth of the cryptocurrency industry has slowed at the same time.