Researchers at Deutsche Bank say cash will not become obsolete in the near future even with the growing pivot towards cryptos and other forms of digital currencies.
Crypto Hasn’t Accelerated the End of the Cash Era
In a January 2020 report published by Deutsche Bank researchers argued that despite the popularity of cryptos and the apparent war on cash payments by some countries, the end of the cash era isn’t near.
An excerpt from the report reads:
Cash is unlikely to disappear anytime soon. However, a real digital payment revolution has been underway for the past ten years. Cash is losing ground as a payment method. Several countries have recently removed large notes worth $100 or more and implemented policies to replace traditional payment methods with digital solutions.
In Asia, electronic payments have become the norm in…
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