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

Deutsche Bank (DE:), 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.