A recent poll conducted by Deutsche Bank reveals that 44% of people would prefer to use cash rather than Central Bank Digital Currencies (CBDCs).
The survey included 4,850 participants from the US, UK, and Europe, and found that 59% of respondents believe cash will always be necessary.
Privacy concerns were cited as a major reason for the public's hesitation to embrace CBDCs. 21% of participants expressed a preference for private cryptocurrencies like Bitcoin.
While central banks are exploring CBDC use cases, user mistrust remains a significant obstacle to widespread adoption.