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Will the Pandemic Kill the Penny?

The cash register change drawer at Symbiote Collectibles in West Reading
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  • Will the Pandemic Kill the Penny?

Rapyd CEO Arik Shtilman Was Recently Featured in Fortune

Arik shared Rapyd’s latest research findings on American’s attitudes toward cash, coins, contactless and digital payments. His prediction? “I think this [COVID outbreak] is going to kill the penny in 2 years”.

According to Forbes, “U.S. lawmakers have tried repeatedly to eliminate one-cent coins in recent years, but the penny remains a stubborn—and often annoying—part of American life. But as the COVID outbreak has made people fearful of touching cash, some believe the penny’s days are finally numbered.”

Read the full article.


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