Deutsche Bank Survey: Consumers Prefer Cash Over CBDCs


Key Findings:


- 59% of respondents believe cash will always be useful
- 44% prefer cash payments over CBDCs
- Only 16% expect CBDCs to become mainstream
- 31% prefer government-managed cryptocurrencies over private ones
- 21% prefer private cryptocurrencies like Bitcoin


Privacy Concerns:


- Respondents prioritize anonymity and privacy
- Europeans prefer cash for anonymity
- Americans favor private cryptocurrencies for better privacy


Central Banks Face Challenges:


- User skepticism hinders mainstream CBDC adoption
- 86% of Canadians oppose CBDCs, preferring cash


Survey Details:


- 4,850 respondents from Europe, UK, and US
- Conducted by Deutsche Bank


Conclusion:


Consumers remain hesitant about adopting CBDCs, prioritizing traditional payment methods and private cryptocurrencies due to concerns over privacy and anonymity.