• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Deutsche Bank Says Central Bank Digital Currencies Will Replace Cash in the Long Run

by CBDC Insider
November 13, 2020
in Business, Europe
Reading Time: 1min read
0
Deutsche Bank Says Central Bank Digital Currencies Will Replace Cash in the Long Run
Share on FacebookShare on Twitter

Central bank digital currencies (CBDCs) will replace cash in the long term, according to Deutsche Bank’s research team.

In its latest edition of the “Konzept” periodical, published Tuesday, the bank said the coronavirus pandemic has accelerated the use of digital payments over cash, and the trend will eventually lead to CBDCs taking over cash.

However, many countries are behind in their progress for digital currencies, said Marion Laboure, a macro strategist at Deutsche Bank. China and Sweden, for instance, are leading the digital currency development. But if other countries do not catch up, “they may find that their companies are forced to adopt the digital currencies and policies of other countries as payment mediums,” said Laboure.

RELATED STORIES

Amid crypto winter, central banks rethink in-house digital currencies

Amid crypto winter, central banks rethink in-house digital currencies

January 24, 2023
Digital currency firm Amber reduces employee count in Hong Kong

Digital currency firm Amber reduces employee count in Hong Kong

January 22, 2023

The U.S. and Europe, in particular, need to catch up, according to Laboure. Their development in the area is “too slow,” she said. While both the countries have been studying CBDCs, they do not appear to be in a rush to issue one.

Read more: https://www.theblockcrypto.com/post/84516/deutsche-bank-cbdc-will-replace-cash

Previous Post

Santander, BBVA, Others in Major Tokenized Digital Money Trial with Iberpay

Next Post

$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges

Next Post
$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges

$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register