A Deutsche Bank report entitled “The Future of Payments: Series 2” addresses the adoption of cryptocurrencies in the global landscape. The banking institution makes its predictions for the long term and the biggest challenges facing the integration of cryptocurrencies into the mainstream.
The main challenges, according to the report, are scalability and energy consumption. On the first point, it appears that Facebook’s Libra project has made progress by using the FastPay service. As the chart below shows, Libra ranks second with 80,000 transactions per second (TPS), behind China’s CBDC with 300.000 TPS.