TechFlow news, September 18 — According to a report by Coindesk, a recent Deutsche Bank survey reveals that despite 94% of central banks worldwide exploring central bank digital currencies (CBDCs), consumers remain cautious about adopting them. The survey, conducted in March 2024, polled 4,850 consumers across Europe, the UK, and the United States.
The results show that 57% of respondents prefer using debit or credit cards over CBDCs; 44% would rather use cash than CBDCs; 59% of consumers believe cash will remain relevant; only 16% think CBDCs will become mainstream; and 31% said they would prefer a central bank-backed cryptocurrency over private alternatives.
Deutsche Bank analysts Marion Laboure and Sai Ravindran noted that although the pandemic accelerated the shift toward digital payments—especially among Generation Z—cash is unlikely to disappear anytime soon. The survey also highlights privacy as a key concern for consumers, with Europeans in particular favoring cash to protect their privacy.
