Cryptocurrency will go mainstream by 2030, says Deutsche Bank | City & Business | Financ…

Publishing its Imagine 2030 report, the bank’s chiefs predict the wheels of progress towards mass adoption of a more digital financial system will turner quicker than anticipated. This, says the report, is due to governments, banks and card providers ‘sharing a goal for a cashless society’. The author of the crypto section in the Imagine 2030 document – Marion Laboure – also cites Facebook and China as the two biggest drivers of cryptocurrency adoption.

In particular, Mark Zuckerberg’s Libra project to deliver a digital currency to users of the social media platform has already brought the concept to the attention of millions of people who had not considered cryptocurrency before.

“When Facebook announced Libra, its new cryptocurrency payment system, earlier this year, the conversation hit all levels of society and politics,” she explains.

“And no wonder. Facebook, with its potential user base of over 2bn, has the potential to disrupt the payment industry send the…