Deutsche Bank Survey: Majority of Consumers Prefer Cash Over Bitcoin and CBDCs

According to a COINOTAG News report on September 18, referencing data from Coindesk, Deutsche Bank conducted a comprehensive survey with 4,850 participants across Europe, the United Kingdom, and the United States in March. The findings indicated that the adoption of cash is not waning anytime soon. A significant portion of participants expressed a preference for using debit or credit cards over central bank digital currencies (CBDCs). Surprisingly, 44% of those surveyed still favor cash as their primary transaction method over CBDCs. The data also revealed that only 16% believe CBDCs will achieve mainstream use, while 31% favor cryptocurrencies administered by central banks or governments. A mere 21% of respondents indicated a preference for private cryptocurrencies such as Bitcoin (BTC), highlighting broad skepticism towards decentralized digital currencies.