Deutsche Bank Analysts Find Cash Preferred Over CBDCs in Recent Survey

Wednesday, 18 September 2024, 14:03

Deutsche Bank analysts indicate that 44% of respondents prefer cash to CBDCs. The survey reveals significant consumer resistance to digital currencies, emphasizing traditional payment methods like debit and credit cards. With 57% favoring these options, the data points to a preference that may impact future central bank digital currency adoption.

Coindesk — Deutsche Bank Analysts Find Cash Preferred Over CBDCs in Recent Survey

Survey Highlights Consumer Preferences

Deutsche Bank analysts conducted a survey that highlights a notable consumer trend. 44% of those surveyed stated their preference for cash over central bank digital currencies (CBDCs). Furthermore, when asked about their preferred payment methods, 57% indicated they would rather use a debit or credit card than a CBDC.

Implications for CBDC Adoption

This consumer resistance poses challenges for the widespread adoption of CBDCs. Analysts are watching these trends closely as they may influence future monetary policy decisions.

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.

Survey Highlights Consumer Preferences

Implications for CBDC Adoption

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