Deutsche Bank’s new report predicts the rise of cryptocurrency in favour of traditional money.
The report is entitled Imagine 2030 and looks at how the currency system will change.
While currently ‘additions rather than substitutions’, Deutsche Bank says this may change for 2030.
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.