OMFIF: central banks more reliable than issuers of competing digital currencies

According to a report fromOMFIF, the central banks are more reliable than digital currency issuers potential competitors, such as technology companies or payment service providers.

Shared with Cryptonaute, The report " Digital Currencies: A Question of Trust »From the independent European think tank OMFIF leans on a survey lead by Ipsos Mori in 13 countries and with 13,000 respondents.

The document reveals that respondents have more confidence in their monetary authority only payment service providers, banks and tech giants such as Facebook or Amazon, to issue digital currency.

Although the respondents prefer to entrust this task to central banks, in advanced economies, they still seem reluctant to adopt any form of cryptocurrency, still very much preferring the cash and the credit card.

Cash is particularly popular in some advanced markets, such as the United States and the United Kingdom, "said OMFIF.

The report also notes that "educated, affluent and younger" respondents have more confidence in digital currency than the other interviewees.

Older people, especially those from advanced economies, are more skeptical, even on the issue of CBDC. In the Emerging Markets, on the other hand, respondents showed a relatively greater enthusiasm for digital currency, ”concludes OMFIF.

Earlier this fall, another report released jointly by IBM and theOMFIF indicated that a central bank, which is not part of the G20, is expected to issue a digital currency accessible to businesses and consumers in less than 5 years.