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.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024