Deutsche Bank’s new report predicts the rise of cryptocurrency in favour of traditional money.
In Brief:
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The report is entitled Imagine 2030 and looks at how the currency system will change.
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While currently ‘additions rather than substitutions’, Deutsche Bank says this may change for 2030.
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It points to the ‘fragility’ of fiat money.
What does this mean?
A demand for alternative currency has been driven in part by a lack of trust in traditional banking, with many preferring a deregulated system. Other factors include speed, security and a low transaction cost.
