Hurricane Helene, which struck southeastern United States, left a trail of devastation and disruptions to internet and power, exposing the vulnerability of modern technologies to natural disasters.

Description of Hurricane Helene

Hurricane Helene, which formed on September 24, caused major landfall and unprecedented damage and deaths, not seen since 1916. In the aftermath, the lack of internet and power led to a ban on mobile services, hindering the use of digital infrastructures.

Economic Consequences

Natural disasters have a profound impact on the economy, necessitating the use of cash when digital systems fail. A survey revealed that 70% of Americans have experienced extreme weather, highlighting the importance of cash availability. During the hurricane, cryptocurrency infrastructures were challenged, affecting functionality and causing price volatility.

Conclusions and Lessons

Lessons from Hurricane Helene emphasize the need to maintain cash reserves, update internet systems, and ensure financial education. Platforms like Green Dot and Vanilla Direct offer alternatives during bank service disruptions.

Natural disasters underscore the need to advance cryptocurrency technologies and traditional payment methods. Cash remains a reliable solution in crisis situations.