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Has COVID permanently altered US retail? | Fintech Finance

August 21 2020

Has COVID permanently altered US retail?

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Long before COVID-19 was even a blip on the radar, countless obituaries had been written for traditional shopping, mega malls, brick and mortar retailers, and mom and pop shops. According to a new survey of US shoppers, the ongoing global pandemic is on track to all but eliminate retail and commerce as we once knew it.

Nearly three quarters surveyed (73.5%) reported that they are shopping online more now than they did prior to the spread of COVID-19. Moreover, nearly 9 in 10 (88%) said they will continue to shop online more even after a cure or vaccine for COVID-19 is discovered.

  1. US blockchain company, Constellation Network, Welcomes Leading Experts from Top Enterprises and U.S. Government Agencies to their Enterprise Advisory Board.

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  2. JustPaid, AI-powered Finance Startup, To Launch Game-Changing GPT App In OpenAI’S GPT Store

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  3. Eltropy Collaborates with Jack Henry’s Banno Digital Banking Platform

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  4. Ledger partners with bolt to launch device protection for its industry-leading secure devices

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  5. Nigeria: African Development Bank and FSDH Merchant Bank sign $20 million Trade Finance Agreement to support Small and Midsize Enterprises (SMEs) and Corporates

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