Deutsche Bank Survey Reveals Consumer Preference for Cash Over CBDCs

Wednesday, 18 September 2024, 14:03

Deutsche Bank's survey highlights that 44% of consumers prefer cash rather than CBDCs. Furthermore, 57% indicated a preference for debit or credit cards over central bank digital currencies. This insight underscores the ongoing preference for traditional forms of payment amid rising interest in CBDCs.

Coindesk — Deutsche Bank Survey Reveals Consumer Preference for Cash Over CBDCs

Consumer Preferences in Payment Methods

According to a recent survey by Deutsche Bank, a significant portion of consumers express a clear preference for cash over central bank digital currencies (CBDCs). Specifically, 44% of respondents indicated they would choose cash instead of CBDCs. The survey also highlighted that 57% of those surveyed prefer using debit or credit cards versus adopting CBDCs.

Implications for CBDCs

This survey reveals an important trend regarding consumer attitudes towards digital currencies.
The findings suggest that financial institutions must consider consumer preferences when developing CBDC systems.
Analysts believe this could impact the future adoption rates of CBDCs.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Consumer Preferences in Payment Methods

Implications for CBDCs

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