{"id":38245,"date":"2024-09-23T07:56:53","date_gmt":"2024-09-23T07:56:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/deutsche-bank-survey-finds-cash-still-favored-over-cbdcs-by-consumers\/"},"modified":"2024-09-23T07:56:53","modified_gmt":"2024-09-23T07:56:53","slug":"deutsche-bank-survey-finds-cash-still-favored-over-cbdcs-by-consumers","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/deutsche-bank-survey-finds-cash-still-favored-over-cbdcs-by-consumers\/","title":{"rendered":"Deutsche Bank Survey Finds Cash Still Favored Over CBDCs by Consumers"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Even though central banks all over the world are encouraging the creation of Central Bank Digital Currencies (CBDCs), most customers still prefer cash payments. According to a recent Deutsche Bank survey, people still prefer using cash<\/a> and debit or credit cards over other traditional payment options.<\/p>\n

5,9% of respondents to the survey, which had 4,850 participants from the US, UK, and Europe, said they thought currency would always have a place in the economy. Plus, 44% of respondents said they would rather use cash than CBDCs, and only 16% thought digital currencies will become a commonplace alternative in the future.<\/p>\n

Deutsche Bank analysts Marion Laboure and Sai Ravindran pointed out, \u201cWhile 59% of consumers believe that cash will always be relevant, the COVID-19 pandemic accelerated the shift toward digital payments, particularly among Gen Z.\u201d<\/em><\/p>\n

Privacy Concerns Hinder CBDC Adoption<\/strong><\/h2>\n

Privacy concerns also affect perceptions of CBDCs, particularly in the United States where a large number of users favor private cryptocurrencies like Bitcoin over those supported by the government. According to the survey, 21% of participants preferred cryptocurrencies because they thought they offered more anonymity.<\/p>\n

European customers, on the other hand, demonstrated a clear preference for cash and valued its secrecy. This tendency was also noted in a Bank of Canada research, which stated that 92% of Canadians preferred cash to a digital Canadian dollar (CAD) and that 86% of Canadians opposed CBDCs.<\/p>\n

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While central banks are still investigating applications for wholesale CBDCs, consumer mistrust and privacy issues continue to be major obstacles to their wider implementation.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Even though central banks all over the world are encouraging the creation of Central Bank Digital Currencies (CBDCs), most customers still prefer cash payments. According to a recent Deutsche Bank survey, people still prefer using cash and debit or credit cards over other traditional payment options. […]<\/p>\n","protected":false},"author":35,"featured_media":38246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38245"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38245"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38246"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}