NFT Collection The Superlative Secret Society Price, Stats, and Review
Ethereum’s Realized Price Hints at a Market Reset, What Traders Should Know
Cardano Advances Node Architecture with Focus on Diversity and Modularity
South Korea moves to legalize stablecoins with new crypto bill
Analysts think Circle’s IPO signals caution for Bitcoin, here’s why
BlackRock’s IBIT becomes the fastest ETF in history to surpass $70 billion AUM
Ethereum holds steady at $2.5K as institutional giants quietly load up on ETH
Top 3 Best 100x Cryptos for June 2025: Turbo, Doginme, and a Live Presale Aiming at 2,429% ROI
Robinhood CEO Proposes App for $1000 Trump Account Initiative
Crypto Funds Hit $167B in Assets as Traditional Markets Lose Their Grip
Investors Pour $224M Into Crypto Funds, But Bitcoin’s Outflows Raise Eyebrows
$123M Crypto Laundering Ring: Australia Dismantles Criminal Organization Behind Security Firm
XRP sees signs of accumulation, but will it be enough to breach $2.3?
Altseason Buzz Builds as Floki and XRP Grab Spotlight
Bitcoin RCV Indicator Shows Shift From Accumulation To Caution – Is BTC Momentum Fading?
Best Crypto Pre-Sales to Watch Now: From Pre-sale to Powerhouse— Secure Your Spot Before the Next Bull Run!!
Crypto scammers plead guilty to $37M scheme targeting Americans
Over $550M in Stablecoins Flow Into Binance, Signaling Buying Pressure
Russian National Hit With 22 Charges for Laundering $530M in Crypto
Crypto platform Parataxis eyes public listing via SPAC merger
Troller Cat makes big strides, nears 33% crypto presale journey
Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030
By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank.
By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank.
In the “Imagine 2030” report, Deutsche Bank strategist Jim Reid raised awareness of the challenges the existing fiat system has encountered in recent years, specifically with the emergence of cryptocurrencies. Reid stipulated that people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies.
Mainstream adoption and co-occurring challengesIn order to gain wider acceptance, digital assets need to overcome three major hurdles. These include perceived legitimacy in the eyes of governments and regulators, which entails price stability and allows for global reach in the payment market. According to Reid, the establishment of alliances with key stakeholders like mobile apps and card providers will enable this development.
At the same time, Reid pointed out that with mainstream adoption, new challenges will arise. Among major threats to the purported digital currency-based financial system, Reid named dependence on electricity, cyberattacks and a digital war. “As that occurs, the line between cryptocurrencies, financial institutions, and public and private sectors may become blurred,” Reid wrote.
Countries examine CBDCIn the meantime, world governments have been actively debating the need to develop national digital currencies. Earlier today, Bank of Japan Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country. Kuroda noted the increasing demand for cash payments and added that the bank had been conducting technical and legal research into the matter.
The British Virgin Islands has taken a more proactive approach to CBDCs, announcing that the country is developing a digital currency dubbed BVI~LIFE in collaboration with blockchain startup LifeLabs. The currency is part of a broader initiative to grow the local fintech sector. It will be pegged to the U.S. dollar.
The central bank of France plans to pilot a CBDC for financial institutions in 2020.
