Deutsche Bank: Central bank digital currency will replace cash in long term

Cointelegraph

Published Nov 12, 2020 06:21AM ET

Updated Nov 12, 2020 08:00AM ET

Deutsche Bank (DE:DBKGn), the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future.

The bank’s research arm, Deutsche Bank Research, published a new report on economic estimations and proposals to assist global economies hit by the coronavirus pandemic. Titled “What We Must Do to Rebuild,” the study was released on Nov. 10.

Continue Reading on Coin Telegraph