The National ATM Council Inc., the U.S.-based trade organization representing America’s independent, nonbank ATM entrepreneurs, opposes recent efforts to characterize cash usage as a health risk during the global coronavirus epidemic. Simplistic statements that have been circulating on major media fail to account for unique attributes of U.S. markets and currencies, NAC representatives stated.
“U.S. currency is composed of 75 percent cotton and 25 percent linen, unlike other world currencies which are typically composed of wood pulp materials that comprise standard paper,” said Bruce Renard, Executive Director of the National ATM Council. “This is an important distinction, given available scientific research that indicates COVID-19 type viruses live much longer on hard surfaces – such as plastic charge cards, point-of-sale terminal buttons, and cell phones – versus fabric-like surfaces made of materials such as those used in U.S. bills.”