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2020-01-28 10:49:22

Crypto cannot be substituted for cash, Deutsche Bank

According to a recent Deutsche Bank report, cryptocurrency cannot act as a substitute to a fiat currency because of high volatility and a number of risks they present to political and financial equilibrium. While on the one hand, experts believe that cryptocurrency is the answer to the omnipresent issue of unbankedness in the world, the Frankfurt-based investment banking, and the financial services company Deutsche Bank feels that cryptocurrencies could potentially disturb the financial and economic stability. Crypto puts financial stability in jeopardy, Deutsche Bank In the first of its three series report called The Future of Payments, the Bitmain IPO