Why Are Europeans and Americans Hesitant to Use CBDCs?
CryptoNewsTerminal Staff18 Sep, 2024
Why Are Europeans and Americans Hesitant to Use CBDCs?
The majority of Europeans and Americans are still reluctant to use CBDCs (central bank digital currencies), according to a survey by Deutsche Bank, Germany's largest commercial bank. The survey was conducted in March among 4850 people in Europe, the UK, and the US. It found that the majority of respondents prefer to use credit cards and debit cards rather than CBDCs for their financial transactions. When asked if they would rather use cash than CBDCs, 44% of respondents said yes. Additionally, only 16% of respondents believe that CBDCs will become the mainstream form of currency in the future. This suggests that there is still a lot of uncertainty and skepticism about CBDCs among the general public.
