Cryptocurrencies will not replace cash, not in our lifetime

• Deutsche Bank prepared a report on the future of money.
• The cryptocurrencies have potential, but they won’t replace cash.

While cash usage has been decreasing recently, it is still far from being totally replaced with cashless payments with digital currencies, according to the latest report prepared by Deutsche Bank. The experts believe that the cash will be around for a long time, while a gradual adoption of digital currencies will have the potential to rebalance global economic power. 

In this report, we argue that cash is unlikely to disappear anytime soon. However, a real digital payment revolution has been underway for the past ten years. Cash is losing ground as a payment method. Several countries have recently removed large notes worth $100 or more and implemented policies to replace traditional payment methods with digital solutions. In the midst of these changes, non-sovereign cryptocurrencies pose a threat to political and financial…