Many Germans Open to Adopting Digital Euro, Bundesbank Study

Study Reveals 86% of Germans Open to Digital Euro Amid Banking Stress

A recent survey conducted by the Bundesbank with over 6,000 participants indicates a significant interest in utilizing a digital Euro among Germans, showcasing a shift towards digital assets. The findings highlight that a remarkable 86% of respondents are open to adopting the digital currency, even without interest earnings.

Implications for the Banking Sector and Economy

Introducing a non-remunerative CBDC could lead to a decline in cash holdings and bank deposits, impacting the banking sector significantly. Additionally, the study predicts potential scenarios where consumers might convert their bank deposits to digital Euro, emphasizing the need for thoughtful policy design to ensure financial stability.