Research Shows People Expect Crypto To Be Legal Tender in 3 Yrs
— Cryptocurrency, Crypto, Consumers, Legal, United, Impact, Expect, Digital, Central, Tender — 1 min read
Economist Impact surveyed 3,000 people from developed economies like the United States and developing nations like the Philippines. 37% of consumers expect their government to make cryptocurrency legal tender within the next three years. 14% of people favored CBDCs, representing a significant increase from the miserly 4% in 2021. More than 60 central banks are at different stages of CBDC development. According to the 2021 CBDC Global Index from Pricewaterhouse Coopers, China and Sweden have started live pilots. It's natural for physical cash to be complemented by digital cash as the world is becoming more digital, and it’s a natural evolution. It might not be used much, but in principle, being possible to convert into digital currency might be an important anchor for the digital economy. Source